Central KYC system is a simple and better solution, which saves the customer from the trouble of getting KYC done again and again. Let’s know how a CKYC card is made and how it makes the KYC process easier. Customers can avail various financial services through CKYC number.
New KYC System: Central KYC system is designed to integrate and simplify the Know Your Customer (KYC) process across various financial institutions. Through this, the problem of repeatedly submitting KYC documents is eliminated. Let us know how a CKYC card is made and how it makes the KYC process easier.
The Central KYC system is a simple and better solution, which saves the customer from the hassle of getting KYC done again and again. Through the CKYC number, customers can avail various financial services, making their process faster and convenient.
What is the registration process of CKYC:
Get CKYC Form:
CKYC application form can be obtained from any participating financial institution or KYC Registration Agency (KRA).
Submit the required documents:
The applicant has to submit the following documents:
Proof of Identity: Aadhaar Card, PAN Card, Passport, Driving License or Voter ID.
Proof of Address: Electricity bill, lease deed, or any government document that mentions the address.
Photograph: Passport size photo.
How will the verification be done:
The verification process of the documents submitted by the applicant is done by the financial institution or KRA. This process can be completed through personal verification (In-Person Verification) or electronic verification (eKYC).
You will get a unique CKYC number:
After the verification is complete, the applicant is provided a 14-digit KYC identification number (KIN) through SMS or email. This number can be used in various financial services in the future.
What are the benefits of CKYC:
One time KYC: Once the CKYC registration is completed, there is no need to go through the KYC process again and again for different banks or financial institutions.
Central Database: Through CKYC, a centralized database is created by the Central Registry of Securitisation and Asset Reconstruction (CERSAI), giving institutions easy access to verified information.
Easy to update information: Users can update their KYC information whenever they want, and they do not need to start the process again.
Faster transactions: The CKYC process reduces the time taken in paperwork and verification, leading to faster customer onboarding and transactions.
Here is the official link of CKYC:
You can register, login and download your CKYC card through the link given below.
