What is CKYC (Central KYC)?
Central Know Your Customer, also known as CKYC, is an initiative by the Government of India to standardize the Know Your Customer (KYC) process across all financial institutions and a centralised repository for KYC Details. CERSAI (Central Registry of Securitisation and Asset Reconstruction) oversees the CKYC Registry. Central KYC Registry is a centralized repository of KYC records of customers in the financial sector with uniform KYC norms and inter-usability of the KYC records across the sector with an objective to reduce the burden of producing KYC documents and getting those verified every time when the customer creates a new relationship with a financial entity.
Features and Benefits of CKYC
- CKYC number is a unique 14-digit CKYC number is generated that can be used across financial Institutions
- KYC information is stored in a centralised database accessible by all financial institutions.
- Reduces the need for physical documentation, promoting paperless transactions.. It eliminates the need for physical copies of KYC documents, as all the documents are stored online digitally.
- If you carry out changes in KYC details, it will automatically be reflected across all the connected institutions. This ensures up-to-date databases and eliminates the need for you to go to your financial service provider and update your KYC details.
- CKYC enables banks and financial institutions to access and manage customer information, thereby improving overall efficiency.
What is the CKYC Process?
- Customer needs to submit KYC details at the time of opening the relationship with the bank
- Once Account/Relationship is opened Bank updates the KYC details to CKYCR who generates the CKYC number in case customer does not have unique CKYC number already allotted
- If the number is already allotted KYC details are updated with the CKYCR basis latest and updated KYC documents provided by the customer.
- Your CKYC Number can be used PAN India without repeating KYC documentation.
Where can I check my CKYC Number?
- CKYC can be fetched from CERSAI using below modes , Please visit CKYC Home Page https://www.ckycindia.in/ckyc/?r=home
- Give a missed call to 7799022129 to download your CKYC card
- You may now fetch your CKYC card through Digilocker
- Fetch your CKYC card using 'View your CKYC card' feature
- http://ckycindia.in/kyc/getkyccard
Where can I check details on CKYC website?
For further details you may visit the CKYC website using below links.
https://www.ckycindia.in/ckyc/index.php