Question

What is the primary role of the Central KYC Records Registry (CKYC

Q: Answer-What is the primary role of the Central KYC Records Registry (CKYCR)?

CKYCR is a central repository that collects, stores, and allows retrieval of KYC records, facilitating a unified customer identification system across REs in India.

A Store KYC records only for corporate clients

B Verify customer identities for high-risk accounts

C Receive, store, and retrieve digital KYC records of customers

D Manage interbank transfers

E Audit REs periodically for compliance

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What is the primary role of the Central KYC Records Registry (CKYC

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