Central Know Your Customer (CKYC) is a centralized repository for KYC papers of persons seeking financial services from many financial institutions. This has reduced the need to go through the KYC process with each institution separately. The CKYC program was presented in the Union Budget 2012-13 and went into force People nowadays expect everything to be accomplished in a matter of minutes. Getting started with a financial organisation used to be a time-consuming procedure that needed you to submit KYC documents. For opening an FD, CYKC is essential, and use a fixed deposit interest rate calculator to calculate the FD maturity amount. To check the status of your CKYC number, visit the website of any financial services company that provides CKYC number check services. Since the introduction of the CKYC Register, the documentation process has been more accessible, quicker, and, most importantly, safer.
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About Author:Aman is working in the domain of Investment management in one of the top universities. He has published research papers and case studies in Investment and Fixed Deposit marketplace. He is an avid blogger in the domain of Investment management. you can also find him on social networking platforms. Archives
August 2022
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