When you open a demat or trading account in India, you will come across the term In-Person Verification (IPV). This is an important step in the KYC (Know Your Customer) process that ensures your identity is genuine.

Whether you are an individual investor or an NRI opening an account through brokers like Motilal Oswal, IPV is mandatory as per SEBI guidelines.

Let’s understand what IPV means, how it works, and why it’s important.

What is In-Person Verification (IPV)?

In-Person Verification (IPV) is a step where the broker or authorized person verifies your identity face-to-face. It can be done physically or through a video call.

This step confirms that the person opening the account is the same person in the documents submitted.

IPV is required for:

• Opening a demat account

• Opening a trading account

• Registering for mutual fund investments

Why is IPV Required?

• To prevent fraud and fake accounts

• To ensure real people are investing

• To follow SEBI’s KYC norms

• To create trust and safety in the financial system

It’s a security check before allowing you to trade or invest.

How is IPV Done?

You can complete IPV in two ways:

1. Offline (Physical Visit)

• Visit the nearest Motilal Oswal branch

• Carry your PAN card, Aadhaar card, and address proof

• A representative will check your face and documents

• You sign in front of the staff

2. Online (Video IPV)

• Visit the broker’s website or app

• Book an IPV slot

• Show your documents on camera

• Say your name and PAN card details

• A live executive verifies your details

Video IPV is fast, easy, and can be done from home.

What Documents Are Needed for IPV?

• PAN Card

• Aadhaar Card or Passport (for address proof)

• Selfie or live video (for video IPV)

• Signature on white paper

Who Does IPV?

IPV must be done by:

• SEBI-registered broker (like Motilal Oswal)

• Mutual fund distributor

• Depository participants

You cannot skip this step if you want to trade legally in India.

IPV is a simple but very important process that protects you and the financial system from fraud. It helps verify your identity and ensures that only real, genuine investors open accounts.

Thanks to digital tools, you can now complete IPV online in just a few minutes. Brokers like Motilal Oswal make the process smooth and secure so that you can start your investment journey with confidence.

Also explore these topics: eKYC and Demat Account services | Understand the process for your mutual fund investment