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REQUEST FOR PROPOSAL FOR IMPLEMENTATION OF CENTRAL KYC REGISTRY SOLUTION (CKY CR)RFP No.: KGB/DAC/RFP/20204349 Dated: 04012020J&K GREEN BANK Digital & Alternate Channels Cell Head office, Narwhal,
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How to fill out central kyc registry solution

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How to fill out central kyc registry solution

01
Step 1: Gather all necessary information of the individuals or entities to be registered in the central KYC registry.
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Step 2: Access the central KYC registry solution platform.
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Step 3: Create an account or log in with existing credentials.
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Step 4: Select the option to fill out KYC information.
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Step 5: Enter the required personal details such as name, address, contact information, etc.
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Step 6: Provide additional information related to identification documents like passport, driving license, or national ID card.
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Step 7: Verify the entered information and make sure it is accurate and up-to-date.
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Step 8: Review and submit the completed KYC form.
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Step 9: Wait for the verification process to be completed by the central KYC registry system.
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Step 10: Upon successful verification, receive a confirmation notification and the KYC record will be stored in the central registry.

Who needs central kyc registry solution?

01
Financial institutions such as banks, insurance companies, investment firms, and brokerage firms need central KYC registry solutions to streamline their customer onboarding process.
02
Regulatory authorities and government organizations benefit from central KYC registry solutions to enhance compliance, monitor financial activities, and combat money laundering and terrorist financing.
03
Individuals and entities undergoing multiple KYC checks across different financial institutions can benefit from a central KYC registry to avoid repetitive documentation and provide a standardized set of KYC information to various institutions.
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The Central KYC Registry (CKYCR) is a centralized database that stores Know Your Customer (KYC) information of clients in the financial sector to streamline and standardize the customer verification process.
Financial institutions such as banks, mutual funds, non-banking financial companies (NBFCs), and other regulated entities are required to file the Central KYC Registry solution.
To fill out the Central KYC Registry solution, individuals need to provide their personal details such as name, address, date of birth, identity proof, and other relevant information on the prescribed format or through the online portal.
The purpose of the Central KYC Registry solution is to maintain a centralized repository of KYC information, reduce duplication of efforts by financial institutions, enhance compliance with regulations, and improve the efficiency of the customer identification process.
Information that must be reported includes personal identification details such as name, date of birth, address, identification proof (like PAN or Aadhar), and information related to the source of funds or income.
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