The Central KYC Registry allows a single set of verified identity records to be shared seamlessly across banks, mutual funds, insurance firms, and NBFCs.
MUMBAI — The Reserve Bank of India (RBI) has issued a consumer awareness advisory encouraging bank account holders and financial investors to know and utilize their 14-digit CKYC (Central Know Your Customer) number.
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The single unified identifier allows financial institutions to retrieve existing customer verification records from a central database, saving individuals from submitting identity and address proof documents every time they open a new bank account, purchase an insurance policy, or invest in mutual funds.
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1. What Is CKYC and How Does It Work?
Managed by the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI), the Central KYC Registry acts as a single centralized repository for verified customer identification data.
📑 Unified CKYC Onboarding Process:
1. One-Time Verification ➔ Submit ID/Address proof to any regulated financial entity.
2. Central Upload ➔ Institution uploads verified data to CERSAI registry.
3. 14-Digit Allotment ➔ A unique 14-digit CKYC Identifier (KIN) is generated.
4. Universal Reuse ➔ Share the 14-digit number across all banks & insurers.
When a customer initiates a new financial relationship, the institution inputs the customer’s 14-digit CKYC Identifier to instantly pull verified demographic records and government-issued ID proofs directly from CERSAI.
2. Benefits Across Regulated Financial Sectors
| Sector | Previous Process | With 14-Digit CKYC Identifier |
| Banking | Physical form submission, ID/Address copies per account | Provide 14-digit CKYC number for instant verification. |
| Mutual Funds | Separate KYC onboarding for each fund house | Universal KYC status recognized across all AMCs. |
| Insurance | Physical document verification per policy purchase | Instant policy issuance via central CKYC lookup. |
| NBFCs & Loans | Manual document collection for credit checks | Digital pull from CERSAI speeds up loan processing. |
How to Find Your 14-Digit CKYC Identifier
Financial customers can retrieve their existing CKYC number through multiple authorized channels:
Important Note: While CKYC eliminates duplicate document submissions for new accounts, customers are still required to update their central CKYC records whenever there is a permanent change in address, mobile number, or legal name.
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