Everything You Need to Know About CKYC

What is CKYC?

The Central Know Your Customer (CKYC) system is a government-mandated repository under the vigilance of CERSAI (Central Registry of Securitisation Asset Reconstruction and Security Interest of India) to hold and process KYC information. Once a customer's KYC is enrolled with CKYC, they are provided a specific 14-digit CKYC number, usable across banks, NBFCs, insurance companies, mutual funds, and other financial institutions.

This one-point validation method eliminates redundancy, increases efficiency, and facilitates quicker customer onboarding across the financial services industry.

Why CKYC is Critical for Regulated Entities

• Regulatory Compliance: Aligns with mandates from RBI, SEBI, IRDAI, and PFRDA.
• Operational Efficiency: Eliminates redundant KYC collection for repeat customers.
• Data Accuracy: Reduces manual errors and identity fraud.
• Customer Convenience: Allows reuse of verified KYC across institutions.

How the CKYC Process Works

• KYC Data Collection: Collect identity documents and images from the customer.
• Data Upload to CERSAI: Send data securely via encrypted APIs or SFTP.
• CKYC Number Generation: A 14-digit number is assigned upon approval.
• Search & Retrieve: Use the number to retrieve KYC for verification or onboarding.

PixDynamics’ API solution automates this lifecycle, minimizing friction across systems.

Key Features of PixDynamics CKYC API Integration

• ✔ Easy to Use: Integrates across Linux, macOS, Android, iOS, and web systems.
• ✔ Multi-Platform: Supports cloud and on-premise deployments.
• ✔ Secure Data Export: Bulk data transfer via encrypted SFTP channels.
• ✔ Customizable: Tailor integration to suit your operations.
• ✔ OCR Integration: Extracts data from physical forms or uploads.
• ✔ Checker/Maker: Prevents duplicates through automated matching.

Business Benefits of PixDynamics CKYC Integration

• Accelerated onboarding with real-time verification.
• Improved accuracy by eliminating manual data entry.
• Data security using AES-256 encryption standards.
• Unified API suite for both CKYC creation and lookup.
• Scalable infrastructure for thousands to millions of records.

Ideal Use Cases and Industry Segments

• Public and Private Sector Banks
• NBFCs (Non-Banking Financial Companies)
• Life & General Insurance Providers
• Payment Banks and Wallet Apps
• Mutual Funds & Asset Management Companies
• Microfinance Institutions
• Stockbrokers & Depositories
• Digital Lending & FinTech Platforms

Conclusion

With digital compliance as a strategic necessity, having a scalable, automated CKYC process is paramount to sustainable growth in the financial markets. PixDynamics equips regulated institutions with a secure, compliant, and end-to-end automated CKYC solution that minimizes risk, maximizes operational efficiency, and ensures full regulatory alignment.

Optimize your KYC workflows and maintain a compliance-first approach: Schedule a Demo

Frequently Asked Questions