This initiative seeks to address the longstanding challenges investors face due to fragmented KYC procedures mandated by different regulators overseeing mutual funds, national pension system (NPS), ...

The current system The requirement for customers to provide Know Your Customer (KYC) documents each time they establish a banking relationship, initiate investments in mutual funds or equities ...

Banks are struggling to keep up with evolving KYC expectations. Despite efforts to modernize, outdated processes continue to ...

Central KYC registry was recently updated The government wants to protect the integrity and prevent misuse of Know Your Customer (KYC) data. It has proposed several measures regar ...

“The revamped Central KYC Registry is a crucial step toward simplifying compliance. With a streamlined update system and ...

The initiative follows several successful digital identity projects in India, including India Post’s implementation of Aadhaar-based eKYC for savings accounts. The enhanced CKYCR will implement a ...

The Indian government will soon launch a revamped version of the central Know Your Customer (KYC) Registry, Finance Minister ...

The postal department is rolling out a paperless Know Your Customer (KYC) system using Aadhaar biometric verification for opening Post Office Savings Bank accounts. The eKYC implementation starts ...

The company must also follow laws and keep the financial system safe. Today's technology allows for automatic checks through the modern KYC system, which is software that quickly accesses document ...

signalling a move towards a central KYC or CKYC system that actually works. In the Union Budget 2025 announced by Union finance minister Nirmala Sitharaman on Saturday, the Centre announced the ...