{"id":19374,"date":"2025-04-18T13:03:46","date_gmt":"2025-04-18T07:33:46","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=19374"},"modified":"2025-04-18T13:03:48","modified_gmt":"2025-04-18T07:33:48","slug":"what-is-ckyc-in-bank-meaning-types-documents","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/question-answer\/what-is-ckyc-in-bank-meaning-types-documents\/","title":{"rendered":"What is CKYC in Bank?: Meaning, Types, Documents, &#038; More"},"content":{"rendered":"\n<p><strong>What is CKYC in Bank?<\/strong> Opening a bank account or applying for a loan, credit card, or mutual fund often involves a lot of paperwork. Among the most common steps is completing the KYC (Know Your Customer) process. But did you know there\u2019s a centralised version of this process called CKYC that can simplify your life?<\/p>\n\n\n\n<p>CKYC, or Central Know Your Customer, is a government initiative to make KYC compliance easier and seamless across financial institutions. Let\u2019s break down what is CKYC in bank, how it works, and how it can make your banking experience more convenient.<\/p>\n\n\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-ckyc-full-form-and-meaning\"><span id=\"ckyc-full-form-and-meaning\">CKYC Full Form and Meaning<\/span><\/h2>\n\n\n\n<p>Before diving into the details, let&#8217;s start with the basics: the full form of CKYC is Central Know Your Customer. It is a centralised repository that stores your KYC information and makes it accessible to all financial institutions regulated by the RBI, SEBI, IRDAI, and PFRDA.<\/p>\n\n\n\n<p>This means once you complete your CKYC with one financial institution, you don\u2019t need to repeat the process again and again with others. Your verified KYC details are linked to a 14-digit CKYC number, your universal KYC reference.<\/p>\n\n\n\n<p>Check out the major features of CKYC in the bank-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The purpose of CKYC is to eliminate repeated KYC submissions and create a single identification across financial institutions.<\/li>\n\n\n\n<li>The Central Registry of Securitisation and Asset Reconstruction and Security Interest of India (CERSAI) manages CKYC.<\/li>\n\n\n\n<li>CKYC is mandatory for new investors in mutual funds and other regulated financial products.<\/li>\n\n\n\n<li>CKYC registration is free of cost.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-types-of-ckyc-accounts\"><span id=\"types-of-ckyc-accounts\">Types of CKYC Accounts<\/span><\/h2>\n\n\n\n<p>Depending on the type of documents submitted, there are 4 types of CKYC accounts:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-normal-ckyc-account\"><span id=\"normal-ckyc-account\">Normal CKYC Account<\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Purpose<\/strong>: Standard account for customers who can submit valid government-issued identity and address proofs.<br><\/li>\n\n\n\n<li><strong>Documents Required<\/strong>:\n<ul class=\"wp-block-list\">\n<li><strong>Mandatory<\/strong>: PAN Card (for Indian residents) or Passport (for NRIs).<\/li>\n\n\n\n<li><strong>Additional Documents<\/strong>: Aadhaar, Voter ID, Driving License, or other <a href=\"https:\/\/fly.finance\/blog\/full-form\/ovd-full-form-in-banking\/\"><strong>officially valid documents (OVDs)<\/strong><\/a>.<br><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Features<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Full access to financial services (banking, investments, insurance, etc.).<\/li>\n\n\n\n<li>No transaction limits (subject to institution policies).<\/li>\n\n\n\n<li>Used for high-value transactions and regular KYC compliance.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-simplified-ckyc-account\"><span id=\"simplified-ckyc-account\">Simplified CKYC Account<\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Purpose<\/strong>: For individuals who <strong>do not possess standard documents<\/strong> like PAN or Aadhaar but have alternative IDs.<br><\/li>\n\n\n\n<li><strong>Documents Accepted<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Non-standard IDs (e.g., employer-issued ID, student ID, gas connection bill).<\/li>\n\n\n\n<li>Must be verified by the regulated entity (bank\/NBFC\/SEBI-registered intermediary).<br><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Features<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Limited to <strong>low-value transactions<\/strong> (e.g., deposits up to INR 50,000\/year in banks).<\/li>\n\n\n\n<li>Requires <strong>upgradation to Normal KYC<\/strong> if the customer later submits standard documents.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-small-ckyc-account\"><span id=\"small-ckyc-account\">Small CKYC Account<\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Purpose<\/strong>: For customers who cannot provide full KYC documents immediately.<br><\/li>\n\n\n\n<li><strong>Documents Required<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Only <strong>photograph and signature<\/strong> (self-attested).<\/li>\n\n\n\n<li>No address or identity proof is mandatory at the time of opening.<br><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Features<\/strong>:\n<ul class=\"wp-block-list\">\n<li><strong>Highly restricted services<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Maximum balance limit (e.g., INR 50,000 in banks).<\/li>\n\n\n\n<li>Annual deposit limit (e.g., INR 1 lakh).<\/li>\n\n\n\n<li>Cannot receive foreign remittances.<br><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Validity<\/strong>: 12 months (must convert to Normal\/Simplified KYC afterward).<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-otp-based-ekyc-account\"><span id=\"otp-based-ekyc-account\">OTP-Based eKYC Account<\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Purpose<\/strong>: Instant digital account opening using <strong>Aadhaar-based authentication<\/strong>.<\/li>\n\n\n\n<li><strong>Process<\/strong>:\n<ul class=\"wp-block-list\">\n<li>The customer\u2019s <strong>Aadhaar number<\/strong> is verified via <strong>OTP<\/strong> sent to the registered mobile.<\/li>\n\n\n\n<li>Biometric authentication (fingerprint\/iris) may also be used.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Features<\/strong>:\n<ul class=\"wp-block-list\">\n<li><strong>Temporary initially<\/strong>: Must be converted to full CKYC within <strong>6 months<\/strong> (per RBI guidelines).<\/li>\n\n\n\n<li><strong>Transaction Limits<\/strong>:<br>&#8211; Banks: INR 1 lakh\/year (e.g., for wallets like Paytm).<br>&#8211; Mutual Funds\/Stock Brokers: INR 50,000\/year (unless upgraded).<\/li>\n\n\n\n<li><strong>Paperless<\/strong>: No physical documents required.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: <\/strong><a href=\"https:\/\/fly.finance\/blog\/question-answer\/what-is-proof-of-payment-meaning-examples-importance\/\"><strong>What is Proof of Payment<\/strong><\/a><strong>? Meaning, Examples, Importance<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-documents-required-for-ckyc-in-bank\"><span id=\"documents-required-for-ckyc-in-bank\">Documents Required for CKYC in Bank<\/span><\/h2>\n\n\n\n<p>To comply with Central Know Your Customer (CKYC) norms, individuals must submit valid identity and address proofs along with a completed CKYC form. These documents help financial institutions verify customer details and prevent fraud.&nbsp;<\/p>\n\n\n\n<p>Below is a detailed list of acceptable documents:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Identity proof (PAN, Aadhaar, Passport, Voter ID)<\/li>\n\n\n\n<li>Address proof (Aadhaar, utility bills, bank statement)<\/li>\n\n\n\n<li>Passport-size photograph<\/li>\n\n\n\n<li>CKYC form (duly filled and signed)<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-complete-the-ckyc-process\"><span id=\"how-to-complete-the-ckyc-process\">How to Complete the CKYC Process?<\/span><\/h2>\n\n\n\n<p>Completing your CKYC is a simple process that can be done offline or online (if available). Here&#8217;s a step-by-step guide:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Visit a bank or financial institution.<\/li>\n\n\n\n<li>Fill out the CKYC form.<\/li>\n\n\n\n<li>Submit identity and address proof along with a passport-size photo.<\/li>\n\n\n\n<li>The institution will verify your documents and send them to CERSAI.<\/li>\n\n\n\n<li>Once processed, you will be assigned a 14-digit CKYC number.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-check-ckyc-status-online\"><span id=\"how-to-check-ckyc-status-online\">How to Check CKYC Status Online?<\/span><\/h2>\n\n\n\n<p>The Central KYC (CKYC) registry, maintained by CERSAI (Central Registry of Securitization Asset Reconstruction and Security Interest of India), allows individuals to check their KYC status online using their PAN. This helps verify whether your KYC details are updated across financial institutions (banks, mutual funds, brokers, etc.).&nbsp;<\/p>\n\n\n\n<p>Below are the steps to check your CKYC status:<\/p>\n\n\n\n<p><strong>1. Visit the CKYC Portal<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Go to the official <strong>KRA (KYC Registration Agency)<\/strong> portal:\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/www.cvlkra.com\/ckyc\/\">CVL KRA<\/a><\/strong><\/li>\n\n\n\n<li>Alternatively, visit <a href=\"https:\/\/www.ckycindia.in\/\"><strong>CERSAI\u2019s website<\/strong><\/a> (if supported).<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p><strong>2. Enter PAN Details<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Input your <strong>10-digit PAN number<\/strong> (must match the one used in CKYC registration).<\/li>\n<\/ul>\n\n\n\n<p><strong>3. Complete Captcha Verification<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Enter the <strong>case-sensitive captcha<\/strong> to confirm you\u2019re not a robot.<\/li>\n<\/ul>\n\n\n\n<p><strong>4. Submit &amp; View CKYC Status<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Click <strong>&#8220;Submit&#8221;<\/strong> to fetch your CKYC details.<\/li>\n\n\n\n<li>If your KYC is registered, you\u2019ll see:\n<ul class=\"wp-block-list\">\n<li><strong>CKYC Identifier (14-digit KIN)<\/strong><\/li>\n\n\n\n<li><strong>Name, Address, and KYC Status<\/strong> (Verified\/Pending)<\/li>\n\n\n\n<li><strong>Date of Last Update<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>What If CKYC Details Are Not Found?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Reason 1<\/strong>: Your KYC may not be linked to CERSAI (check with your bank\/broker).<\/li>\n\n\n\n<li><strong>Reason 2<\/strong>: Incorrect PAN entered.<\/li>\n\n\n\n<li><strong>Solution<\/strong>: Re-submit KYC via a SEBI-regulated entity (bank, mutual fund, etc.).<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Alternative Methods to Check CKYC Status<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Via Email<\/strong>: Contact your financial institution (bank, mutual fund, etc.) with your PAN.<\/li>\n\n\n\n<li><strong>Offline Verification<\/strong>: Visit a bank branch with your PAN &amp; ID proof.<\/li>\n<\/ol>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Important Notes<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>CKYC is PAN-based<\/strong>: Ensure all financial entities use the same PAN for uniformity.<\/li>\n\n\n\n<li><strong>Updates Take 3\u20135 Days<\/strong>: Recent submissions may not reflect immediately.<\/li>\n\n\n\n<li><strong>Errors?<\/strong> Contact CERSAI at <a href=\"https:\/\/mailto:helpdesk@cersai.org.in\/\"><strong>helpdesk@cersai.org.in<\/strong><\/a> or call <strong>1800-103-3474<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/canara-bank-education-loan-repayment\/\"><strong>How to Pay Canara Bank Education Loan Online<\/strong><\/a><strong>? Guide to Repayment<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-difference-between-kyc-ekyc-and-ckyc\"><span id=\"difference-between-kyc-ekyc-and-ckyc\">Difference Between KYC, eKYC, and CKYC<\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/fly.finance\/blog\/full-form\/full-form-of-kyc\/\"><strong>KYC (Know Your Customer)<\/strong><\/a> is a mandatory process for verifying a customer\u2019s identity before providing financial services. While KYC, eKYC, and CKYC serve the same purpose, they differ in process, verification method, and reusability.&nbsp;<\/p>\n\n\n\n<p>Understanding these differences helps in choosing the right KYC method for banking, investments, and other financial transactions.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Feature<\/strong><\/td><td><strong>KYC (Traditional)<\/strong><\/td><td><strong>eKYC (Electronic KYC)<\/strong><\/td><td><strong>CKYC (Central KYC)<\/strong><\/td><\/tr><tr><td><strong>Format<\/strong><\/td><td>Physical document submission<\/td><td>Digital (Aadhaar OTP\/biometric)<\/td><td>Centralized (14-digit KYC Identifier &#8211; KIN)<\/td><\/tr><tr><td><strong>Verification<\/strong><\/td><td>Manual (Bank\/broker checks)<\/td><td>Instant (UIDAI-authenticated)<\/td><td>CERSAI-verified (Central Registry)<\/td><\/tr><tr><td><strong>Reusability<\/strong><\/td><td>Valid only for the institution where submitted<\/td><td>Valid only for the institution where processed<\/td><td>Accepted across all SEBI\/RBI\/IRDAI-regulated entities<\/td><\/tr><tr><td><strong>Data Storage<\/strong><\/td><td>Stored by individual institutions<\/td><td>Stored in UIDAI\u2019s Aadhaar database<\/td><td>Maintained in CERSAI\u2019s centralized database<\/td><\/tr><tr><td><strong>Documents Required<\/strong><\/td><td>Physical ID &amp; address proofs<\/td><td>Aadhaar + OTP\/Biometric<\/td><td>PAN, Aadhaar, Passport, etc. (linked to CERSAI)<\/td><\/tr><tr><td><strong>Processing Time<\/strong><\/td><td>1-3 days<\/td><td>Instant (real-time)<\/td><td>24-48 hours (once submitted)<\/td><\/tr><tr><td><strong>Best For<\/strong><\/td><td>Older customers without Aadhaar<\/td><td>Fast onboarding (wallets, fintech apps)<\/td><td>Seamless KYC across banks, mutual funds, and insurers<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-medium-font-size\"><strong>When to Use Which KYC?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Traditional KYC<\/strong> \u2013 If you don\u2019t have Aadhaar or prefer offline submission.<\/li>\n\n\n\n<li><strong>eKYC<\/strong> \u2013 For instant account opening (Paytm, PhonePe, digital banks).<\/li>\n\n\n\n<li><strong>CKYC<\/strong> \u2013 For long-term convenience (single KYC valid across all financial institutions).<\/li>\n<\/ul>\n\n\n\n<p>To sum up, while KYC is the traditional method, eKYC speeds up digital onboarding, and CKYC eliminates repetitive verification across institutions. Choosing the right one depends on your needs, speed, convenience, or universal acceptance.<\/p>\n\n\n\n<p>If you need help with KYC, you can check your status online or contact your bank\/financial provider for updates.<\/p>\n\n\n\n<p>Check out the FAQs below for more information.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span id=\"faqs\">FAQs<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1744961309525\"><strong class=\"schema-faq-question\">Is CKYC better than eKYC?<\/strong> <p class=\"schema-faq-answer\">Yes, CKYC is generally considered better than eKYC because it creates a centralized and permanent KYC record across all financial institutions regulated by RBI, SEBI, IRDAI, and PFRDA. Once registered, your CKYC number can be used for banking, mutual funds, insurance, and other financial services\u2014saving you from doing the KYC process repeatedly.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1744961310596\"><strong class=\"schema-faq-question\">Do I still need KYC if I have CKYC?<\/strong> <p class=\"schema-faq-answer\">No, you do not need to do KYC again if you have a valid CKYC record. CKYC replaces traditional KYC by maintaining your verified details in a central database. Financial institutions can retrieve your KYC from CERSAI using your CKYC number or PAN, making the process faster and smoother.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1744961311035\"><strong class=\"schema-faq-question\">Is Aadhaar required for eKYC?<\/strong> <p class=\"schema-faq-answer\">Yes, eKYC is Aadhaar-based and requires OTP verification. Your Aadhaar number is authenticated through UIDAI using OTP sent to your registered mobile number. It\u2019s a paperless and quick method but may not be accepted for all types of financial products or accounts due to regulatory limits on OTP-based verification.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1744961311412\"><strong class=\"schema-faq-question\">Can I use eKYC for mutual funds?<\/strong> <p class=\"schema-faq-answer\">Yes, you can use eKYC to invest in mutual funds, especially if it&#8217;s Aadhaar OTP-based. However, such accounts often come with restrictions\u2014like an investment cap of INR 50,000 per financial year. To remove these limits and ensure wider acceptance, it&#8217;s better to upgrade to full CKYC.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1744961311788\"><strong class=\"schema-faq-question\">Which one is the most secure?<\/strong> <p class=\"schema-faq-answer\">CKYC is considered the most secure among KYC methods. It is maintained by CERSAI, a government-regulated body, and all your personal details are encrypted and stored securely. Unlike physical KYC where documents may be misplaced or duplicated, CKYC uses a centralized digital format with strict access controls.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1744961365990\"><strong class=\"schema-faq-question\">Can I convert eKYC to CKYC?<\/strong> <p class=\"schema-faq-answer\">Yes, you can upgrade from eKYC to CKYC by submitting the full set of physical KYC documents (like PAN, address proof, and photograph) to a financial institution. Once verified, your information will be uploaded to the CKYC registry, and you\u2019ll receive a 14-digit CKYC number.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1744961366783\"><strong class=\"schema-faq-question\">Is CKYC recognized by SEBI and RBI?<\/strong> <p class=\"schema-faq-answer\">Yes, both SEBI (for capital markets) and RBI (for banking and NBFCs) have made CKYC mandatory for new customers. It helps regulators create a unified KYC process across different financial sectors and helps reduce fraud and duplication.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1744961367243\"><strong class=\"schema-faq-question\">Do all banks follow CKYC?<\/strong> <p class=\"schema-faq-answer\">Yes, all RBI-regulated banks and financial institutions are required to comply with CKYC norms. Whether it\u2019s a private bank, public sector bank, cooperative bank, or NBFC, they must collect your CKYC number and update your KYC through the centralized system. This ensures a uniform and simplified KYC process across the board.<\/p> <\/div> <\/div>\n\n\n\n<p>To learn more about <a href=\"https:\/\/fly.finance\/loans\"><strong>education loans<\/strong><\/a>, the best <a href=\"https:\/\/fly.finance\/international-bank-account\"><strong>bank accounts for students<\/strong><\/a>, <a href=\"https:\/\/fly.finance\/forex\"><strong>forex,<\/strong><\/a> and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your experience with studying abroad.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-pale-ocean-gradient-background has-background has-fixed-layout\"><tbody><tr><td colspan=\"2\"><strong>Additional Reads<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/full-form\/cibil-full-form\/\"><strong>Full Form of CIBIL<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/full-form\/nbfc-full-form\/\"><strong>Full Form of NBFC<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/full-form\/cc-full-form-in-banking-purpose-limits-interest-rates\/\"><strong>CC Full Form<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/full-form\/pos-full-form\/\"><strong>Full Form of POS<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/full-form\/full-form-of-npa\/\"><strong>Full Form of NPA<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/full-form\/pan-full-form\/\"><strong>Full Form of PAN<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/full-form\/cif-full-form\/\"><strong>Full Form of CIF<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/full-form-of-emi\/\"><strong>Full Form of EMI<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/full-form\/full-form-of-nach\/\"><strong>Full Form of NACH<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/student-budget\/days-past-due-in-cibil-report\/\"><strong>Full Form of DPD<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Follow Us on Social Media <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-social-links is-layout-flex wp-block-social-links-is-layout-flex\"><li class=\"wp-social-link wp-social-link-instagram  wp-block-social-link\"><a href=\"https:\/\/instagram.com\/flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12,4.622c2.403,0,2.688,0.009,3.637,0.052c0.877,0.04,1.354,0.187,1.671,0.31c0.42,0.163,0.72,0.358,1.035,0.673 c0.315,0.315,0.51,0.615,0.673,1.035c0.123,0.317,0.27,0.794,0.31,1.671c0.043,0.949,0.052,1.234,0.052,3.637 s-0.009,2.688-0.052,3.637c-0.04,0.877-0.187,1.354-0.31,1.671c-0.163,0.42-0.358,0.72-0.673,1.035 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xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M19.7,3H4.3C3.582,3,3,3.582,3,4.3v15.4C3,20.418,3.582,21,4.3,21h15.4c0.718,0,1.3-0.582,1.3-1.3V4.3 C21,3.582,20.418,3,19.7,3z M8.339,18.338H5.667v-8.59h2.672V18.338z M7.004,8.574c-0.857,0-1.549-0.694-1.549-1.548 c0-0.855,0.691-1.548,1.549-1.548c0.854,0,1.547,0.694,1.547,1.548C8.551,7.881,7.858,8.574,7.004,8.574z M18.339,18.338h-2.669 v-4.177c0-0.996-0.017-2.278-1.387-2.278c-1.389,0-1.601,1.086-1.601,2.206v4.249h-2.667v-8.59h2.559v1.174h0.037 c0.356-0.675,1.227-1.387,2.526-1.387c2.703,0,3.203,1.779,3.203,4.092V18.338z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">LinkedIn<\/span><\/a><\/li>\n\n<li class=\"wp-social-link wp-social-link-twitter  wp-block-social-link\"><a href=\"https:\/\/twitter.com\/flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M22.23,5.924c-0.736,0.326-1.527,0.547-2.357,0.646c0.847-0.508,1.498-1.312,1.804-2.27 c-0.793,0.47-1.671,0.812-2.606,0.996C18.324,4.498,17.257,4,16.077,4c-2.266,0-4.103,1.837-4.103,4.103 c0,0.322,0.036,0.635,0.106,0.935C8.67,8.867,5.647,7.234,3.623,4.751C3.27,5.357,3.067,6.062,3.067,6.814 c0,1.424,0.724,2.679,1.825,3.415c-0.673-0.021-1.305-0.206-1.859-0.513c0,0.017,0,0.034,0,0.052c0,1.988,1.414,3.647,3.292,4.023 c-0.344,0.094-0.707,0.144-1.081,0.144c-0.264,0-0.521-0.026-0.772-0.074c0.522,1.63,2.038,2.816,3.833,2.85 c-1.404,1.1-3.174,1.756-5.096,1.756c-0.331,0-0.658-0.019-0.979-0.057c1.816,1.164,3.973,1.843,6.29,1.843 c7.547,0,11.675-6.252,11.675-11.675c0-0.178-0.004-0.355-0.012-0.531C20.985,7.47,21.68,6.747,22.23,5.924z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Twitter<\/span><\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>What is CKYC in Bank? Opening a bank account or applying for a loan, credit card, or mutual fund often involves a lot of paperwork. Among the most common steps is completing the KYC (Know Your Customer) process. But did you know there\u2019s a centralised version of this process called CKYC that can simplify your &#8230; <a title=\"What is CKYC in Bank?: Meaning, Types, Documents, &#038; More\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/question-answer\/what-is-ckyc-in-bank-meaning-types-documents\/\" aria-label=\"Read more about What is CKYC in Bank?: Meaning, Types, Documents, &#038; More\">Read more<\/a><\/p>\n","protected":false},"author":29,"featured_media":19376,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[412],"tags":[],"class_list":["post-19374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-question-answer"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What is CKYC in Bank?: Meaning, Types, Documents, &amp; More<\/title>\n<meta name=\"description\" content=\"Learn what CKYC is and how it simplifies the KYC process for banking, loans, and mutual funds across financial institutions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fly.finance\/blog\/question-answer\/what-is-ckyc-in-bank-meaning-types-documents\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is CKYC in Bank?: Meaning, Types, Documents, &amp; 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More"}]},{"@type":"WebSite","@id":"https:\/\/fly.finance\/blog\/#website","url":"https:\/\/fly.finance\/blog\/","name":"Fly Finance","description":"Explore blogs related to Education Loan, Student Bank Account, International Money Transfer, Scholarships along with latest news at Fly Finance.","publisher":{"@id":"https:\/\/fly.finance\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fly.finance\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/fly.finance\/blog\/#organization","name":"Fly Finance","url":"https:\/\/fly.finance\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fly.finance\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/01\/29151141\/Fly-Finance-Logo-1.webp","contentUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/01\/29151141\/Fly-Finance-Logo-1.webp","width":1080,"height":1080,"caption":"Fly Finance"},"image":{"@id":"https:\/\/fly.finance\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/fly.finance\/blog\/#\/schema\/person\/1f13adc00f6f67e7ed5a2fb5e97bfec6","name":"Shubhika Garg","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/df0315e532cdf62ee7275a4a65914c25f90ec1b0b137b1bf0bbca958325909f8?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/df0315e532cdf62ee7275a4a65914c25f90ec1b0b137b1bf0bbca958325909f8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/df0315e532cdf62ee7275a4a65914c25f90ec1b0b137b1bf0bbca958325909f8?s=96&d=mm&r=g","caption":"Shubhika Garg"},"description":"Hey there! I'm Shubhika- a proud graduate in English Literature and Language from Delhi University. My journey as a content writer transitioned from online teacher into the world of words. Stepping into the domain of blogs and articles, I discovered my passion for writing growing deeper and stronger. Having said that, I have experience of writing for diverse industries in automobile, technology, ed-tech, finance and mental-health; crafting details to help you find the solution to what you are looking for. Join me as I invite you all explore and learn together.","sameAs":["https:\/\/www.facebook.com\/shubhika.garg\/","https:\/\/www.instagram.com\/shubhika.garg\/","https:\/\/www.linkedin.com\/in\/shubhikagarg71\/","https:\/\/www.tumblr.com\/blog\/shubhikahere"],"url":"https:\/\/fly.finance\/blog\/author\/shubhika\/"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/question-answer\/what-is-ckyc-in-bank-meaning-types-documents\/#faq-question-1744961309525","position":1,"url":"https:\/\/fly.finance\/blog\/question-answer\/what-is-ckyc-in-bank-meaning-types-documents\/#faq-question-1744961309525","name":"Is CKYC better than eKYC?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, CKYC is generally considered better than eKYC because it creates a centralized and permanent KYC record across all financial institutions regulated by RBI, SEBI, IRDAI, and PFRDA. Once registered, your CKYC number can be used for banking, mutual funds, insurance, and other financial services\u2014saving you from doing the KYC process repeatedly.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/question-answer\/what-is-ckyc-in-bank-meaning-types-documents\/#faq-question-1744961310596","position":2,"url":"https:\/\/fly.finance\/blog\/question-answer\/what-is-ckyc-in-bank-meaning-types-documents\/#faq-question-1744961310596","name":"Do I still need KYC if I have CKYC?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"No, you do not need to do KYC again if you have a valid CKYC record. CKYC replaces traditional KYC by maintaining your verified details in a central database. Financial institutions can retrieve your KYC from CERSAI using your CKYC number or PAN, making the process faster and smoother.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/question-answer\/what-is-ckyc-in-bank-meaning-types-documents\/#faq-question-1744961311035","position":3,"url":"https:\/\/fly.finance\/blog\/question-answer\/what-is-ckyc-in-bank-meaning-types-documents\/#faq-question-1744961311035","name":"Is Aadhaar required for eKYC?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, eKYC is Aadhaar-based and requires OTP verification. Your Aadhaar number is authenticated through UIDAI using OTP sent to your registered mobile number. It\u2019s a paperless and quick method but may not be accepted for all types of financial products or accounts due to regulatory limits on OTP-based verification.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/question-answer\/what-is-ckyc-in-bank-meaning-types-documents\/#faq-question-1744961311412","position":4,"url":"https:\/\/fly.finance\/blog\/question-answer\/what-is-ckyc-in-bank-meaning-types-documents\/#faq-question-1744961311412","name":"Can I use eKYC for mutual funds?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, you can use eKYC to invest in mutual funds, especially if it's Aadhaar OTP-based. However, such accounts often come with restrictions\u2014like an investment cap of INR 50,000 per financial year. To remove these limits and ensure wider acceptance, it's better to upgrade to full CKYC.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/question-answer\/what-is-ckyc-in-bank-meaning-types-documents\/#faq-question-1744961311788","position":5,"url":"https:\/\/fly.finance\/blog\/question-answer\/what-is-ckyc-in-bank-meaning-types-documents\/#faq-question-1744961311788","name":"Which one is the most secure?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"CKYC is considered the most secure among KYC methods. It is maintained by CERSAI, a government-regulated body, and all your personal details are encrypted and stored securely. Unlike physical KYC where documents may be misplaced or duplicated, CKYC uses a centralized digital format with strict access controls.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/question-answer\/what-is-ckyc-in-bank-meaning-types-documents\/#faq-question-1744961365990","position":6,"url":"https:\/\/fly.finance\/blog\/question-answer\/what-is-ckyc-in-bank-meaning-types-documents\/#faq-question-1744961365990","name":"Can I convert eKYC to CKYC?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, you can upgrade from eKYC to CKYC by submitting the full set of physical KYC documents (like PAN, address proof, and photograph) to a financial institution. Once verified, your information will be uploaded to the CKYC registry, and you\u2019ll receive a 14-digit CKYC number.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/question-answer\/what-is-ckyc-in-bank-meaning-types-documents\/#faq-question-1744961366783","position":7,"url":"https:\/\/fly.finance\/blog\/question-answer\/what-is-ckyc-in-bank-meaning-types-documents\/#faq-question-1744961366783","name":"Is CKYC recognized by SEBI and RBI?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, both SEBI (for capital markets) and RBI (for banking and NBFCs) have made CKYC mandatory for new customers. It helps regulators create a unified KYC process across different financial sectors and helps reduce fraud and duplication.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/question-answer\/what-is-ckyc-in-bank-meaning-types-documents\/#faq-question-1744961367243","position":8,"url":"https:\/\/fly.finance\/blog\/question-answer\/what-is-ckyc-in-bank-meaning-types-documents\/#faq-question-1744961367243","name":"Do all banks follow CKYC?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, all RBI-regulated banks and financial institutions are required to comply with CKYC norms. Whether it\u2019s a private bank, public sector bank, cooperative bank, or NBFC, they must collect your CKYC number and update your KYC through the centralized system. This ensures a uniform and simplified KYC process across the board.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/19374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/comments?post=19374"}],"version-history":[{"count":2,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/19374\/revisions"}],"predecessor-version":[{"id":19378,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/19374\/revisions\/19378"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media\/19376"}],"wp:attachment":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media?parent=19374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/categories?post=19374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/tags?post=19374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}