What is CKYC requirements?

CKYC refers to Central KYC (Know Your Customer), an initiative of the Government of India. The objective of CKYCR is to reduce the burden of producing KYC documents and getting those verified every time when the investor deals with a financial entity for the first time.

How do you complete CKYC?

To do your Central KYC process, you can approach any Mutual Fund distributor (provided they are regulated by SEBI), visit the office of a Mutual Fund house or can even approach a registrar. With a correctly filled cKYC form, photocopies of the required documents need to be attached.

How do I register for CKYC online?

Applying for a CKYC Number. Download and print the CKYC application form. Access the application form here: https://www.sebi.gov.in/sebi_data/commondocs/KYC_ApplForm_p.pdf. You can also get a copy of the form through your financial broker or mutual funds provider.

What are the benefits of CKYC?

CKYC: It allows investors to carry out their KYC only once. CKYC compliance will allow an investor to transact/deal with all entities governed/regulated by the Government of India/different regulators (RBI, SEBI, IRDA and PFRDA) without the need to complete multiple KYC formalities.

What is a CKYC identification number?

KYC Identification Number (KIN) is a 14-digit number allotted by CERSAI to an investor who has completed his / her CKYC formalities. This number should be mentioned each time the CKYC details are required to be accessed by any intermediary.

What are the documents required for a CKYC application?

You need to submit the following documents: a) Duly filled and signed CKYC application form OR KRA application form + Supplementary CKYC form b) One proof of Identity (self-attested copy) c) One proof of Address (self-attested copy)

What is the difference between normal KYC EKYC and CKYC?

What is the difference between Normal KYC, eKYC and CKYC? 1 KYC. KYC means Know Your Customer. 2 EKYC or Electronic KYC. eKYC is a KYC process done with the help of the Aadhaar Card of the customer. 3 CKYC OR Central KYC. cKYC is the new single platform KYC for all financial products.

How to open a KYC Account with CKYC?

With a correctly filled cKYC form, one will open a KYC account. After opening a KYC account or completing cKYC, you will get a 14-digit KYC identification number (KIN) which is unique to every individual. So, you just have to show this number every time for a new investment or opening a new account in any financial entity.