The Pension Fund Regulatory and Development Authority (PFRDA) on Monday (November 14) said that potential subscribers can now open National Pension System (NPS) money owed thru Central KYC (CKYC). The onboarding via CKYC could be online and paperless.
CKYC is a government initiative to empower NPS Subscribers/financial investors to finish their KYC handiest once for interacting with multiple service carriers throughout the financial sector below the ambit of various Regulators. CKYC eases the process of establishing an account with monetary provider vendors and unburdens the buyers from producing KYC files and getting those confirmed every time.
The CKYC is managed via CERSAI (Central Registry of Securitization Asset Reconstruction and Security Interest of India), which is a certified entity of the Government of India to feature as the Central KYC Registry (CKYCR). This centralized repository keeps KYC records of buyers in the financial zone and helps the inter-usability of the KYC data throughout the world with their due consent.
How CKYC works
After crowning glory of CKYC formalities, users are provided with CKYC Identification Number, that’s a 14-digit range allotted by using CERSAI. Users can check their CKYC range/status online by touring the web portal of the economic establishments presenting a CKYC take a look at facility, PFRDA stated. Users might also method the economic institutions wherein they supplied their CKYC files to achieve the number.
How to open NPS account with CKYC
Step 1: Enter subscriber details at the registration web page on http://www.Camsnps.Com.
A. First call
b. PAN
c. Date of Birth
d. Email ID
e. Mobile variety (linked with KYC/ Aadhaar)
Step 2: Select ‘Open New Account’.
Step 3: Enter OTP acquired on your mobile. Also, enter the OTP received on your e mail.
Step 4: The portal will now take a look at your PAN, Date of Brith, electronic mail and cellular quantity with CKYC. If PAN, DOB and e mail / mobile variety suits, then subscriber’s KYC information to be had might be displayed as a pop up at the display.
To continue with the details to be had in CKYC, you could pick out ‘Yes’ and continue. Else choose ‘No’ and pick out eKYC as the alternative KYC option. Once on-line KYC is finished, KYC status will display ‘confirmed’.
Step 6: The subscriber’s name will populate in opposition to the Name area as to be had in CKYC and is un-editable.
The date of Birth will be as according to CKYC and is un-editable.
Father’s name, Mother’s name, and Gender if available in CKYC will populate against the respective discipline and is editable.
The subscriber’s address as available in CKYC will populate against the address subject and is un-editable.
Once all of the mandatory records has been entered, the subscriber can select the ‘Save Details’ button and proceed with producing an Acknowledgement variety.
Step 7: The acknowledgement wide variety is generated and sent to the subscriber with the aid of way of SMS and e mail. Subscribers also can down load a copy of the receipt.
Step eight: The subscriber’s image to be had from CKYC might be auto populated and is un- editable. The subscriber’s signature available from CKYC can be auto populated and is editable.