The IPV full form in the share market is In-Person Verification. This process involves confirming that the individual who is opening the account is indeed the same person as the one listed on the provided documentation. According to regulations, brokers can perform this verification through video calls, which adds a layer of convenience and efficiency. For joint accounts, it is crucial that all account holders complete the IPV using the mobile numbers registered in their Know Your Customer (KYC) forms.

Importance of IPV

The Securities and Exchange Board of India (SEBI) has mandated the IPV process to facilitate brokers in verifying the identity of individuals holding DEMAT and trading accounts. During this process, account holders must present specific documents to validate their identity, including a government-issued ID and proof of address. Traditionally, a broker’s staff member would personally visit the client to confirm the authenticity of all submitted paperwork. However, advancements in technology now allow this process to be carried out remotely, making it more accessible for users.

What Happens During IPV?

During the IPV process, clients must provide original identification and proof of address. With modern technology, this verification can be done entirely online, streamlining the experience for customers. It is essential for clients to have access to their original documents during this process. In conclusion, understanding the IPV full form in the share market and its significance is vital for anyone looking to open a trading or DEMAT account, ensuring compliance and security in the financial trading environment.