How to Download CKYC Certificate?

CKYC Certificate

Nowadays, CKYC verification has become the norm among financial services providers when it comes to verifying customers’ documents. In fact, in FY 2022–23, reporting entities (RE’s) downloaded more than 120 crore KYC records, showing their dependence on CKYC when it comes to customer KYC verification.

Thus, for new businesses entering the financial services segment, knowing how to download a CKYC certificate is a must. It will not only make it significantly easier for them to verify customer data but also help keep fraudulent activities at bay.

Keep reading to learn more!

What is a CKYC Certificate?

Central Know Your Customer (CKYC) certificate serves as a centralised database that contains an individual’s KYC details. After finishing the CKYC process, they receive a unique 14-digit CKYC number, which is linked to their ID proof, and all their KYC data is stored in an electronic format.

Thus, CKYC negates the need for submitting the KYC documents each time a customer wants to opt for a new financial product. Moreover, after the online registration process is completed, it remains valid for life.

Steps to Download the CKYC Certificate

To download the CKYC certificate on behalf of customers, businesses can follow the steps mentioned below:

• Step 1: Navigate to the karvykra website.
• Step 2: Locate the ‘PAN Search’ bar at the top of the page.
• Step 3: Enter the customer’s PAN card number and the captcha.
• Step 4: Click on ‘Search Now’.

The platform will display the individual’s 14-digit CKYC number and other details, along with the option to download the CKYC certificate (if available).

Prerequisites for Downloading CKYC Certificate

To download the CKYC certificate, the documents required are as follows:

• Identity proof (Aadhaar card, Voter ID, passport, etc.)
• Address proof (Driving licence, Voter ID, passport, etc.)
• Signature
• Passport-size photographs

CKYC and Use Cases

Following are the use cases of CKYC in the field of financial services:

Ensures Compliance with Regulations

As per the Government of India’s rules, completing the CKYC process is mandatory to avail yourself of financial services. This helps authorities monitor and track fraudulent transactions, as well as curb activities such as money laundering and terrorist financing.

Streamlines the Overall Investment Process

By completing the CKYC process once, customers do not need to submit their KYC documents again when opting for a new financial product. Moreover, this enables the rapid and seamless opening of new accounts, which also streamlines the overall investment process.

Promotes Data Privacy

By completing the CKYC process, individuals can store all their KYC documents in a centralised repository. As a result, they can prevent any unauthorised entity from accessing their personal data.

Choose Digital KYC for Easy Onboarding

Now that you know how to download the CKYC certificate, you can easily complete your customers’ KYC verification. However, manually conducting this process, especially when you have high customer volumes, can be quite hectic. Enter Decentro CKYC APIs.

Access all your customers’ critical documents with a single CKYC API hit, making the onboarding process paperless and hassle-free. Additionally, it significantly reduces the overall expenditure for user verification and speeds up the onboarding time by 95%.

Try Decentro’s CKYC API today and make customer KYC verification a breeze!

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