What is CKYC?
CKYC refers to Central KYC (Know Your Customer), an initiative of the Government of India.
The aim of the initiative is to act as a centralized repository of KYC records of investors in the financial sector with uniform KYC norms and inter-usability of the KYC records across the sector.
CKYC is managed by CERSAI (Central Registry of Securitization Asset Reconstruction and Security Interest of India).
What is CERSAI?
Central Registry of Securitization Asset Reconstruction and Security Interest (CERSAI) is a central online security interest registry of India authorized by the Government of India to act as and to perform the functions of the Central KYC Records Registry under the PMLA (Prevention of Money-Laundering) rules 2005, including receiving, storing, safeguarding and retrieving the KYC records in the digital form for a client.