General

What is C-KYC?

C-KYC stands for Central KYC or Centralized KYC.

It is a centralized repository of KYC records for all financial sector customers in India.

Key highlights about C-KYC:

a. Introduced by the Government of India and regulators like SEBI, RBI, and IRDAI, to simplify and unify the KYC process across the financial sector.

b. Customers need to complete the KYC process only once with a SEBI-registered KYC Registration Agency (KRA) such as CDSL Ventures Ltd or NSDL Database Management Ltd.

c. Once completed, your KYC details are stored in a central C-KYC repository, which can be securely accessed by financial institutions (with your consent).

d. This eliminates the need to complete multiple KYC processes for different financial products or intermediaries.

e. Financial institutions can access your C-KYC records using a unique KYC identifier (usually linked to your PAN).

f. C-KYC makes the process faster, paperless, and efficient, while ensuring regulatory compliance and better data management.

g. Customers are required to periodically update their KYC information (Re-KYC) as per regulatory norms.