PFRDA (Pension Fund Regulatory and Development Authority) has introduced a new way of online KYC. PFRDA is a regulatory body which is designed to supervise and regularise pension in India. The development authority has now announced that the prospective subscribers can now open an NPS account through CKYC (Central KYC) which is an online and paperless process.
Central KYC (CKYC) will enable NPS subscribers and financial investors to complete their KYC only once for interacting with multiple service providers across the financial sector. CKYC is managed by CERSAI (Central Registry of Securitization Asset Reconstruction and Security Interest of India). The aim of CKYC is to ease out the process of opening accounts with financial service providers and unburden the investors from producing KYC documents and getting those verified every time. CKYC functions as a centralized repository of KYC records of investors in the financial sector.
The CKYC Identification Number is a 14-digit number allotted by CERSAI to an investor post completion of CKYC formalities. The prospective Subscribers can also check their CKYC number/ status online by visiting the web portal of the financial institutions providing a CKYC check facility.
Here’s how you can do CKYC
Firstly, enter subscriber details in the Registration page
– First name
– PAN
– Date of Birth
– Email ID
– Mobile number (linked with KYC/ Aadhaar)
Now select ‘Open New Account’. After this, the subscriber will have to enter the OTP they received on their smartphone. If the subscriber wishes to proceed with the details available in CKYC, they may select ‘Yes’ and proceed. Else select ‘No’ and choose eKYC as the other KYC option.
Once online KYC is completed, KYC status will display ‘verified’. Subscriber can select applicant type and status and proceed. Subscriber’s name will populate against the Name field as available in CKYC and is not editable. DOB will be as per CKYC and is un-editable and the father’s name Mother’s name, Gender if available in CKYC will populate against the respective field and is editable. Subscriber’s address as available in CKYC will populate against the address field and is un-editable.
Once all the mandatory data has been entered, subscribers can select the ‘Save Details’ button and proceed with generating Acknowledgement number. After this acknowledgement number is generated and sent to the subscriber by way of SMS and email. Subscriber’s photo available from CKYC will be auto populated and is not editable. Subscriber’s signature available from CKYC will be auto populated and is editable.
Central KYC (CKYC) will enable NPS subscribers and financial investors to complete their KYC only once for interacting with multiple service providers across the financial sector. CKYC is managed by CERSAI (Central Registry of Securitization Asset Reconstruction and Security Interest of India). The aim of CKYC is to ease out the process of opening accounts with financial service providers and unburden the investors from producing KYC documents and getting those verified every time. CKYC functions as a centralized repository of KYC records of investors in the financial sector.
The CKYC Identification Number is a 14-digit number allotted by CERSAI to an investor post completion of CKYC formalities. The prospective Subscribers can also check their CKYC number/ status online by visiting the web portal of the financial institutions providing a CKYC check facility.
Here’s how you can do CKYC
Firstly, enter subscriber details in the Registration page
– First name
– PAN
– Date of Birth
– Email ID
– Mobile number (linked with KYC/ Aadhaar)
Now select ‘Open New Account’. After this, the subscriber will have to enter the OTP they received on their smartphone. If the subscriber wishes to proceed with the details available in CKYC, they may select ‘Yes’ and proceed. Else select ‘No’ and choose eKYC as the other KYC option.
Once online KYC is completed, KYC status will display ‘verified’. Subscriber can select applicant type and status and proceed. Subscriber’s name will populate against the Name field as available in CKYC and is not editable. DOB will be as per CKYC and is un-editable and the father’s name Mother’s name, Gender if available in CKYC will populate against the respective field and is editable. Subscriber’s address as available in CKYC will populate against the address field and is un-editable.
Once all the mandatory data has been entered, subscribers can select the ‘Save Details’ button and proceed with generating Acknowledgement number. After this acknowledgement number is generated and sent to the subscriber by way of SMS and email. Subscriber’s photo available from CKYC will be auto populated and is not editable. Subscriber’s signature available from CKYC will be auto populated and is editable.
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