As people sign up for Scripbox, one issue we see a lot is lack of address proof for the purpose of KYC. As professionals & salaried employees, we change jobs, move to a new place, and it’s almost as if our identity is suddenly lost. Everyone wants us to provide an address proof leading to a catch-22.
Aadhaar to the rescue
Aadhaar makes it really easy (and convenient) to change your address and have a proof of it for all other purposes. You can do it online by going to: https://uidai.gov.in/
The process requires you to upload a scanned image of your address proof and within a day or two you can download your new E-Aadhaar with the new address!
(If you've been hiding under a rock and don't yet have Aadhaar, we highly recommend you get one. It's going to make life really really easy in a country obsessed with ID & Address proof!)
From amongst other possible address proof documents (https://ssup.uidai.gov.in/document-list), UIDAI accepts the following 4 as valid address proof. We list these because these are most suited to salaried employees who have to relocate due to change of job or a transfer.
1. Government Photo ID cards/ service photo identity card issued by PSU
2. Signed Letter having Photo issued by registered Company on letterhead
3. Registered Sale / Lease / Rent Agreement
4. Address Card having Photo issued by Department of Posts
If you work for the government or a PSU, the first is a no-brainer but if you work for a private sector organisation, the second can be obtained from your HR department.
Some HR departments may be reluctant to provide an address proof. In which case you can use your rent agreement. This may require you to register your rent/lease agreement (involving some cost) but that is a good practice in any case and required by law in states like Maharashtra.
The fourth option is something we first heard about on the UIDAI website and one of us went to the Post Office to figure out how it works. All you need to do is to go to the post office of your area (they work on Saturdays). The post man verifies you by visiting your home (it also works for rentals, PG etc) and they issue the card. They also have a tatkal option to get the card in 5 days.
Common KYC for mutual funds - one address change applies everywhere
Mutual funds have further made it easy for you to update your address across ALL mutual funds. Once your Aadhaar is updated, just update your KYC (Scripbox provides assistance to our customers) and it changes across all your investments.
What are you waiting for?
Stop having your communication delivered to your parent's address. Get your own address.