CKYC (Central Know Your Customer) explained and differentiated


As per the guidelines laid out by Securities and Exchange Board in India, new investors who invest in Mutual Funds will have to do CKYC (Central Know Your Customer). CKYC replaced the existing KYC for new mutual funds’ investments from February 1, 2017.

What is CYKC?

  • An initiative which requires investors to complete their KYC just once for multiple agencies across multiple financial products.
  • CKYC is managed by CERSAI which is RBI authorized.
  • It reduces the burden of producing KYC documents every first time an investor deals with a financial entity
  • It is a centralized repository for KYC records in the financial sector
  • New investors need to fill the new CKYC form and submit self-attested copies of Aadhaar, PAN, Address proof and ID proof
  • Older investors who have produced their KYC before need not switch to CKYC
  • 14 Digit number provided to the investor to be used in all financial dealings


Difference between CKYC, eKYC & KYC?

CKYC documentation is done only once, and thereon any dealings with financial entities do not require any more documentation.


eKYC is done via the investor’s Aadhaar number. The investor authentication is done via OTP.


KYC is the common and regulatory process of document submission where the identity of the investor is verified based on written details submitted.


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