What is Central KYC (CKYC): Features and Benefits

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  • 17 Jul 2023

In recent years, the Indian financial landscape has witnessed significant developments to ensure the safety and integrity of financial transactions. One such notable initiative is the introduction of Central Know Your Customer (KYC). Central KYC is a unified system that streamlines and simplifies the KYC process across various financial institutions in the country.

Central KYC is a centralized repository of customer identification information managed by the Central Registry of Securitization and Asset Reconstruction and Security Interest of India (CERSAI). It acts as a single access point for financial institutions to verify customer details, eliminating the need for repetitive documentation and verification.

  1. Simplified KYC Process: With Central KYC, customers need to undergo the KYC process only once. Multiple financial institutions can then access the verified information, reducing the hassle of repeatedly providing KYC documents.

  2. Universal KYC Identification: Each customer is assigned a unique KYC Identifier (KIN), a standardized identification across various financial institutions. This ensures consistency and accuracy in customer identification.

  3. Centralized Storage: Central KYC maintains a centralized database of customer details, eliminating the need for physical storage and paperwork. It allows for secure and efficient retrieval of information when required.

  4. Aadhaar Integration: Central KYC is integrated with Aadhaar, India's biometric identification system. Aadhaar is the primary source of customer identification, making the process faster and more reliable.

  5. Real-time Updates: Financial institutions can update customer details in real time, ensuring the accuracy and currency of information. This reduces the chances of fraudulent activities and enhances customer protection.

  1. Time and Cost Savings: Central KYC significantly reduces the time and cost involved in KYC verification. Customers no longer need to visit multiple institutions for separate KYC processes, saving time and effort.

  2. Enhanced Customer Convenience: Central KYC simplifies the onboarding process for financial products and services. Customers can quickly open bank accounts, apply for loans, or invest in financial instruments without extensive paperwork.

  3. Improved Compliance: By centralizing customer information, Central KYC enables better monitoring and adherence to regulatory requirements. It enhances the effectiveness of anti-money laundering (AML) and counter-terrorism financing (CTF) measures, contributing to a safer financial ecosystem.

  4. Reduced Redundancy: The centralized nature of Central KYC eliminates the duplication of KYC efforts by different institutions. It promotes efficiency and reduces the administrative burden for customers and financial entities.

  5. Strengthened Data Security: Central KYC employs robust security measures to protect customer information. It ensures data privacy and confidentiality, adhering to the data protection standards set by regulatory authorities.

There are four types of CKYC accounts, and they are as follows:

  1. Normal Account - You can open a normal account by submitting any of the following six official documents as proof of identity: PAN, Aadhaar, Voter ID, Driving License, Passport, and NREGA Job Card.

  2. Simplified Measures Account - To open a Simplified Measures Account, you need to submit other officially valid documents (OVDs) that comply with the RBI circular RBI/2015-16/42. The KYC identifier for these accounts will have the prefix 'L'.

  3. Small Account - When you submit only personal details and a photograph, the bank opens a Small Account for you. These accounts have a KYC identifier that is prefixed with 'S'.

  4. OTP-based eKYC Account - You can open this account when you submit a photograph and an Aadhaar PDF file that you can download from UIDAI's website, enabled by OTP.

To check your CKYC number through various financial services companies, follow these steps:

  • Visit the website of any financial services company that offers CKYC check
  • Enter your PAN
  • Input the displayed security code
  • The website will display your CKYC number


Central KYC revolutionizes the KYC process in India by offering a unified and streamlined approach to customer identification. It provides numerous benefits, such as simplified onboarding, reduced redundancy, enhanced compliance, and strengthened data security.

With Central KYC, the Indian financial landscape significantly strides towards efficiency, convenience, and transparency. As customers, it is important to understand the features and benefits of Central KYC to leverage its advantages while engaging with financial institutions in the country.


Central KYC, also known as CKYC, is a centralized system in India that simplifies the Know Your Customer (KYC) process by maintaining a centralized repository of customer identification information.

CKYC is needed to curb fraudulent activities in the country’s financial sector.

Yes, the data in CKYC is safe as it’s stored electronically in a safe format.

Yes, Central KYC is mandatory for various financial transactions, including opening a bank account, investing in mutual funds, buying insurance, or availing loans above a certain threshold. It ensures compliance with regulatory requirements and helps prevent fraud and money laundering.

Enrolling for Central KYC involves submitting your KYC documents, including Aadhaar, PAN card, and other relevant identification proofs, to a financial institution that is a KYC registration agency. The agency will verify your documents and generate a unique KYC Identifier (KIN).

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