Government of India has authorised the Central Registry of Securitisation Asset Reconstruction
and
Security Interest of India (CERSAI), to act as, and to perform the functions of the CKYCR vide
Gazette
Notification No. S.O. 3183(E) dated November 26, 2015.
a) Individual Customers:
- A)
The bank shall capture customer’s KYC records and upload onto CKYCR within 10 days of
commencement of an account-based relationship with the customer.
- B)
Bank shall capture the KYC information for sharing with the CKYCR by filling KYC templates
prepared
for ‘Individuals’ and ‘Legal Entities’ (LEs), as the case may be. The templates may be
revised from time
to time.
- C) The customers have to provide information
required for CKYC during
periodic updation of
KYC.
- D) A customer, for the purposes of establishing an
account based
relationship, may submit a
KYC
Identifier to the bank, with an explicit consent to download records from CKYCR, then bank
shall
retrieve the KYC records online from the CKYCR using the KYC Identifier and the customer
shall not be
required to submit the same KYC records or information or any other additional
identification
documents or details, unless –
- (i) there is a change in the information of
the customer as
existing in the records
of CKYCR;
- (ii) the current address of the customer is
required to be
verified;
- (iii) the bank considers it necessary in
order to verify the
identity or address of
the customer, or to
perform enhanced due diligence or to build an appropriate risk profile of the client.