CKYC (Central Know Your Customer) is a centralized system for storing KYC records in India, managed by CERSAI (Central Registry of Securitisation Asset Reconstruction and Security Interest of India). It ensures hassle-free KYC verification for financial transactions.
Why is CKYC Important?
- One KYC for All: With a 14-digit CKYC ID, you don’t need to submit KYC documents repeatedly for different financial services.
- Saves Time: Your details are securely stored and shared with banks, mutual funds, and insurers when needed.
- Standardized Process: All financial institutions follow the same KYC format, reducing errors.
How to Get a CKYC ID:
- Submit your KYC documents (ID proof, address proof, and photo) to a bank, mutual fund, or insurer.
- They upload your details to the CKYC system.
- You’ll receive your unique CKYC ID.
Where is CKYC Used?
- Opening bank accounts.
- Investing in mutual funds or stocks.
- Getting insurance policies.
- Applying for loans or credit cards.
Key Benefits of CKYC:
- No Duplication: Use one KYC for multiple services.
- Convenient: Reduces paperwork and saves time.
- Secure: Your data is stored safely in one place.
How CKYC Works for Bank Account Opening:
- Submit KYC Documents:
- Provide your ID proof, address proof, and a passport-size photo at the bank.
- Examples: Aadhaar, PAN, Passport, or Voter ID.
- Bank Uploads Details:
- The bank uploads your KYC information to the CKYC system managed by CERSAI.
- Receive CKYC Number:
- After verification, you are assigned a 14-digit CKYC ID.
- Future Use:
- Once registered, your CKYC ID can be used to open accounts at other banks without resubmitting documents.
Benefits of CKYC in Bank Account Opening:
- No Repeat Submissions: Use the same CKYC ID for multiple accounts across banks.
- Time-Saving: Reduces the need for repetitive document verification.
- Standardized Process: Ensures all banks follow a uniform KYC procedure.
- Secure Data: Your KYC information is stored safely in the centralized CKYC database.
Who Needs CKYC for Bank Accounts?
- Individuals opening savings, current, or fixed deposit accounts.
- NRI and foreign national account holders.
- Joint account holders (each individual must have CKYC).
Context
| Document Type | Proof of Identity | Proof of Address |
|---|---|---|
| Aadhaar Card | ✅ Yes | ✅ Yes |
| PAN Card | ✅ Yes | ❌ No |
| Voter ID Card | ✅ Yes | ✅ Yes |
| Passport | ✅ Yes | ✅ Yes |
| Driving License | ✅ Yes | ✅ Yes |
| NREGA Job Card (signed by State Govt. officer) | ✅ Yes | ✅ Yes |
| Letter issued by National Population Register (NPR) containing name & address | ✅ Yes | ✅ Yes |
| Bank Passbook (with photo attested by the bank) | ✅ Yes | ✅ Yes |
| Electricity Bill (not older than 2 months) | ❌ No | ✅ Yes |
| Water Bill (not older than 2 months) | ❌ No | ✅ Yes |
| Landline Telephone Bill (not older than 2 months) | ❌ No | ✅ Yes |
| Gas Connection Bill (not older than 2 months) | ❌ No | ✅ Yes |
| Property Tax Receipt (recent one) | ❌ No | ✅ Yes |
| Rent Agreement (registered only) | ❌ No | ✅ Yes |
| Employer Certificate (for Govt./PSU employees) | ✅ Yes | ✅ Yes |
💡 Note:
- PAN Card is valid only for identity proof, not for address proof.
- Utility bills should be latest (not older than 2 months).
- A registered rent agreement is required; unregistered ones are not accepted.
- Some banks may ask for additional verification based on their internal policies.
1. How to Check If You Already Have a CKYC ID?
- If you have opened a bank account, Demat account, or invested in mutual funds, you might already have a CKYC ID.
- Ask your bank, broker, or mutual fund provider for your CKYC number.
2. How to Get a CKYC ID?
If you don’t have one, follow these steps:
Step 1: Visit a Bank or Financial Institution
- Go to any bank, stockbroker, insurance company, or mutual fund provider.
Step 2: Fill Out the CKYC Form
- Ask for a CKYC (Central KYC) form and fill in your details.
Step 3: Submit KYC Documents
You need to provide:
✔ Identity Proof – Aadhaar, PAN Card, Passport, etc.
✔ Address Proof – Aadhaar, Passport, Utility Bill, etc.
✔ One Passport-size Photo
Step 4: Verification & CKYC ID Generation
- The bank will send your details to the CKYC Registry (CERSAI).
- After verification, you will get a 14-digit CKYC ID.
- You can ask your bank for the number once it is generated.
3. How to Find Your CKYC ID?
- If you have already completed KYC before, just ask your bank, stockbroker, or mutual fund company for your CKYC ID.
- You can also check with CAMS KRA or NSDL KRA (online KYC agencies).
💡 Why is CKYC Useful?
- Once you get a CKYC ID, you don’t need to submit KYC documents again for opening new accounts.
- Just give your CKYC number, and your details will be fetched automatically.