know About CKYC Registration

People today prefer having more than one FD and while earlier they had to go through the same documentation all over again, things have changed today due to CKYC. 

CKYC means or refers to Central Know Your Customer. Its registry is a centralized depository of KYC documents of customers seeking various financial services. The KYC is a regulated process requiring certain information, documents and their subsequent verification. Hence, is ideal to fill it correctly at once.

It has been introduced in order to get all the customers of financial products on a single and uniform KYC platform. With Central KYC Registry, once norms are completed centrally, all financial institutions such as, Banks Mutual Fund Company etc., can access them and use them. Customers need not complete the KYC formality separately for each financial institution.

You May Also Like: Investing in Fixed Deposit- know About CKYC Registration