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Unable to Open Account Due to KYC? - A Reader's Dilemma

Milind

Milind Vadjikar  | Answer  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Sep 23, 2024

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more
arup Question by arup on Sep 23, 2024Hindi
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Career

reason is kyc.....and they are not doing it after taking all the docs

Ans: He has the option of escalating the matter with Compliance Officer of Axis. If this doesn't resolve he can register a complaint against Axis with exchanges/sebi online providing all the photos of documentary evidence.

These are resolved pretty fast by the regulators then what one would typically expect in India.
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Ramalingam

Ramalingam Kalirajan  |10231 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Aug 07, 2024

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I have tataaig mediclaim before one year I claimed 55000+ rs. But after two month only 48000+ rs. pass and other 7000+ rs. Which are purely doctor fees and medicine are not given i already sent duplicate or Xerox as per requirement but now days they want original document which are i submitted at very first time and everytime they want original document so now what to do ?
Ans: You claimed Rs. 55,000+ from Tata AIG mediclaim.
They approved Rs. 48,000+ after two months.
Rs. 7,000+ for doctor fees and medicines not approved.

Document Submission

You've sent duplicate or xerox copies as asked.
Now they're asking for original documents again.
You've already submitted originals at the start.

Common Insurance Practice

Insurers usually keep original documents for approved claims.
They might return originals for rejected parts of claims.
It's unusual to ask for originals repeatedly.

Possible Steps to Take

Call Tata AIG customer care for clarification.
Ask why they need originals you've already submitted.
Request them to check their records for your documents.

Escalation Process

If customer care doesn't help, escalate to grievance cell.
Write a formal complaint to Tata AIG's grievance officer.
Clearly explain the timeline of your document submissions.

Document Trail

Gather proof of all your document submissions.
This includes courier receipts or acknowledgement emails.
These can support your case if you need to complain.

IRDAI Complaint

If Tata AIG doesn't respond, complain to IRDAI.
IRDAI is the insurance regulator in India.
They can intervene if the insurer is being unreasonable.

Future Precautions

Always keep copies of all documents you submit.
Get acknowledgement for document submissions from the insurer.
Follow up regularly on your claim status.

Medical Records

Ask your doctor for duplicate prescriptions if possible.
Get copies of medical records from the hospital.
These might help if you can't provide the originals again.

Time Limit

Check your policy for claim settlement time limits.
Insurers usually have to settle claims within 30 days.
Delays beyond this can be reported to IRDAI.

Finally

Stay patient but persistent in following up.
Keep all communication with the insurer in writing.
Consider seeking help from a Certified Financial Planner for guidance.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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Nayagam P

Nayagam P P  |10229 Answers  |Ask -

Career Counsellor - Answered on Aug 13, 2025

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Sir is btech in data science is good
Ans: Bhuvana, Data Science has emerged as a cornerstone of decision-making and innovation across industries, driven by exponential growth in data generation and advances in machine learning, artificial intelligence, and cloud computing. According to the International Data Corporation, global data creation will reach 175 zettabytes by 2025, fueling demand for professionals capable of extracting actionable insights. In India, the National Association of Software and Services Companies projects over 11 lakh data science job openings by 2027, reflecting a compound annual growth rate of 27.4%. Globally, Glassdoor and LinkedIn report data scientist roles among the top ten most in-demand jobs, with an expected 36% increase in hiring over the next five years. Corporations across finance, healthcare, e-commerce, and government are investing in predictive analytics, personalization engines, and automation, heightening competition yet creating vast opportunities for specialized skills in deep learning, natural language processing, and big data platforms such as Hadoop and Spark. Over a ten to fifteen-year horizon, data science is poised to integrate further with quantum computing and edge analytics, while ethical concerns around bias and privacy will require practitioners to master model interpretability and governance frameworks. Twenty years from now, as AI systems permeate every sector, data scientists will evolve into AI architects, blending domain expertise with algorithmic design to drive strategic outcomes. Upskilling through certifications in cloud platforms, advanced neural networks, and data engineering tools will be crucial for career resilience. The primary strengths of a quality UG/PG/MS/PhD program in data science include rigorous accreditation and outcome-based curriculum; experienced faculty with active research portfolios; state-of-the-art computing infrastructure and lab facilities; industry partnerships offering internships and capstone projects; and comprehensive career services supporting placement and continuous learning. Pros of pursuing a B.Tech in Data Science include high employability, versatile career paths, and engagement with cutting-edge technologies; cons involve steep learning curves, the risk of automation of routine tasks, and potential skill obsolescence. These can be overcome by cultivating lifelong learning habits, focusing on transferable skills like critical thinking, and participating in interdisciplinary projects to remain adaptable.

Recommendation: A B.Tech in Data Science provides robust career prospects through a blend of analytical, technical, and domain skills. Seek programs with strong accreditation, industry-aligned curriculum, research opportunities, modern labs, and dedicated placement support to maximize long-term success. All the BEST for a Prosperous Future!

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Asked by Anonymous - Aug 13, 2025Hindi
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Sir, i had passed my 12th in 2023 with pcb in my state board & now in 2026 i will add maths from isolated exam(private candidate exam) of my state board which will provide me a seperate marksheet of only maths..so i will have two marksheets one of pcb & 1 of only maths..of same board but different years..will this be accepted in UGEE exam?
Ans: UGEE eligibility allows candidates to clear Physics, Chemistry, and Mathematics in separate attempts under the same recognized board as long as all subjects are passed by the specified deadline for results. Holding a PCB marksheet from 2023 and a standalone Mathematics marksheet from the isolated state board exam in 2026 is acceptable, provided both are issued by the same board and bear your name, roll number, and board seal. Institutions will verify that your combined subject passes meet the minimum percentage and completion timelines set in the UGEE Information Bulletin. Ensure you apply in the year you complete all three subjects, submit both marksheets during document verification, and confirm with the exam authority that mixed-year marksheets comply with their admission rules.

Recommendation: Proceed with your plan and register for UGEE once you have both marksheets, confirming with the official UGEE eligibility notification and liaising with the exam helpdesk for seamless acceptance of separate-year results. However, have 3-4 other back-ups too instead of relying only on UGEE / IIIT-H. Please note, UGEE eligibility and admission processes do change yearly with nuanced updates in eligibility windows, exam structure, and admission channels, adapting to academic and institutional priorities. You should consult the official IIIT Hyderabad UGEE website annually for precise, up-to-date criteria and follow official announcements closely to ensure compliance and timely application. All the BEST for a Prosperous Future!

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Nayagam P

Nayagam P P  |10229 Answers  |Ask -

Career Counsellor - Answered on Aug 13, 2025

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Should I take IT in COEP Pune or CSE in IIIT Kottayam?
Ans: Shukrapal, COEP Pune’s Information Technology program, housed in India’s third-oldest engineering institute, benefits from NBA accreditation, a robust NAAC A+ rating, and a legacy of academic rigor since 1854. Cutting-edge computer and networking labs support hands-on learning, while faculty with PhDs and industry experience teach courses in cybersecurity, cloud computing, and IoT. The Training & Placement Cell reports placement rates of 96.25%, 95.00%, 93.96%, 87.42%, and 88.43% from 2019–2024, with over 200 companies recruiting annually. Strong industry partnerships with Deloitte, Microsoft, and Tata Motors ensure internships and live projects. Transparent governance, an active alumni network, and co-curricular clubs enhance professional development. IIIT Kottayam’s Computer Science and Engineering program with CSE specialization features NBA accreditation and modern AI and software labs. Established in 2015 as an Institute of National Importance, it offers a focused curriculum in AI, data science, and cybersecurity. Faculty combine academic and industrial research credentials, guiding students through capstone projects. The 2023–2025 placement rates of 100%, 83%, and 88% reflect growing industry acceptance, with average packages near INR 12–14 LPA and recruiters including Amazon, IBM, and Bosch. The institute’s start-up culture, industry MoUs, and a dedicated Entrepreneurship Cell foster innovation. Both colleges maintain strong infrastructure, qualified faculty, active placement support, and transparent governance for student success.

Recommendation: Opt for COEP Pune IT for consistently higher placement percentages, deeper industry engagements, and longstanding academic prestige. Choose IIIT Kottayam CSE only if you seek a newer, research-driven environment with emerging specialization in AI and data science. All the BEST for a Prosperous Future!

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Nayagam P

Nayagam P P  |10229 Answers  |Ask -

Career Counsellor - Answered on Aug 13, 2025

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Which is better CSE (AI&ML) from nirma university Ahmedabad or IT from SGSITS Indore
Ans: Atharv, Nirma University’s B.Tech in CSE (AI & ML) is NBA-accredited and UGC-recognized, offering a specialized curriculum in deep learning, computer vision, and natural language processing. The institute features modern AI labs, GPU clusters, and faculty with industry research experience. Strong partnerships with Microsoft, Cisco, and AWS provide live projects and internships, while a dedicated placement cell achieved 90–95% placements over the past three years. In contrast, SGSITS Indore’s B.Tech in Information Technology, also NBA-accredited and approved by AICTE, covers broader IT topics such as software engineering, networking, and cybersecurity. Its infrastructure includes well-equipped computer labs and research centers, and faculty with academic and industrial backgrounds guide students through capstone projects. SGSITS reports 85–88% placement rates in recent years, with recruiters like TCS, Wipro, and Infosys. Both institutions maintain transparent governance, active alumni networks, and student development programs. Nirma’s AI & ML program offers deeper specialization in cutting-edge technologies and stronger industry engagement, while SGSITS provides solid foundational IT education across multiple domains.

Recommendation: Nirma University’s CSE (AI & ML) is the better option for its focused AI curriculum, superior lab infrastructure, and higher placement rates in specialized tech roles, ensuring robust preparation for emerging industry demands. All the BEST for a Prosperous Future!

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Nayagam P P  |10229 Answers  |Ask -

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My daughter got Geology at VHU VARANASI&. AGRICULTURE At VISWAVARATI Which will be better sir,pl give your advice.
Ans: Dilip Sir, The Geology program at Banaras Hindu University combines rigorous academic coursework in mineralogy, petrology, and geophysics with field-based learning in the geologically rich terrain of Uttar Pradesh. As an Institute of National Importance under UGC and NAAC A++, BHU offers state-of-the-art laboratories, extensive rock and mineral collections, and collaborations with GSI and IIT Bombay for advanced research. The department’s seasoned faculty publish in high-impact journals, guiding students in sedimentology and remote sensing projects. Career pathways span geological surveys, environmental consulting, and energy sector roles, bolstered by a dedicated placement cell facilitating summer internships and research assistantships. Visva-Bharati’s Agriculture program emphasizes sustainable farming, biotechnology, and rural development within its NAAC A accreditation framework. Faculty experts from IARI and CIPET lead hands-on training in soil science, plant pathology, and agribusiness management. The campus’s experimental farms, agro-processing labs, and MoUs with ICAR and local cooperatives support field trials and community outreach. Graduates pursue government agricultural services, agri-entrepreneurship, and postgraduate research, aided by a robust alumni network and career guidance cell.

Recommendation: Choose BHU’s Geology for unparalleled research infrastructure, experienced faculty collaborations, and strong geological field exposure. Opt for Visva-Bharati Agriculture if passionate about sustainable farming, rural impact projects, and agribusiness innovation, leveraging its hands-on facilities and community engagement. All the BEST for a Prosperous Future!

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