opening a bank account Be it investing in mutual funds, first of all you have to do KYC (Know Your Customer). Banks take all the documents from you for this. Even before investing in mutual funds, fund houses get your KYC done. For this they take PAN, Aadhaar and other documents from you. If you want to avoid this problem then get a CKYC number. It is made very easily. After this you will be free from the hassle of getting KYC done again and again. Having this number, you will not need to do KYC to open a bank account or do any other financial work. If you have CKYC number then you can open an account in SBI sitting at home. The bank is providing this facility. Let us know how you can get this number.
What is CKYC?
India has a centralized database that stores KYC information of customers. Simply put, it is like a secure digital vault for your identity and personal information. So, you don’t have to do your KYC every time you want to open an account or invest. Banks will get the information they need through CKYC. CKYC is a unique 14 digital number linked to your identity for easy access to all identity documents. Let us tell you that the Central Registry of Securitization Asset Reconstruction and Security Interest (CERSAI) is a body under the Government of India which acts as a centralized repository for KYC records.
Benefits of CKYC
- There is no need to do KYC every time before opening a bank account or starting a new investment.
- Your CKYC data can be updated as and when required.
- The same CKYC number can be used across different financial instruments like insurance, mutual funds and stock markets.
- CKYC enables financial companies to verify documents quickly and securely. This speeds up the process.
How do you create your CKYC?
- Find a financial institution (banks, insurance companies, mutual funds and other financial institutions) registered with CKYC.
- Submit the required documents like PAN Card, Aadhar Card and address proof.
- The financial institution will verify your documents with the issuing authorities.
- After successful verification, you will get a unique 14-digit CKYC number.
How to check your CKYC number?
- First of all https://www.ckycindia.in/kyc/getkyccard Open the link.
- Enter your registered mobile number. After this enter the captcha.
- Click on Next. An OTP will come on your mobile number.
- Enter that OTP. Then a link will come on your mobile. Through this you can download your CKYC card. The PDF will be password protected. The password will be your date of birth. This will be in DDMMYYYY format. After this your CKYC card will be downloaded.
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