Table of Contents:
- What is CKYC in Nepal?
- Why is CKYC Important?
- Steps to Obtain CKYC
- Step 1: Visit an Authorized Bank or Broker
- Step 2: Required Documents for CKYC
- Step 3: Document Verification Process
- Step 4: CKYC Number Issuance
- Benefits of CKYC
- FAQs on CKYC in Nepal
1. What is CKYC in Nepal?
CKYC (Centralized Know Your Customer) is a national initiative to simplify customer identity verification across financial institutions in Nepal.
2. Why is CKYC Important?
It streamlines the KYC process, allowing you to use one verified identity across multiple banks and brokers.
3. Steps to Obtain CKYC:
- Step 1: Visit a bank or broker authorized by the Central Depository System (CDSC) for CKYC registration.
- Step 2: Submit identification documents like your citizenship, passport, or voter ID, along with address proof and a photograph.
- Step 3: Your documents will be verified by CDSC.
- Step 4: Once approved, you will receive a unique CKYC number.
4. Benefits of CKYC:
- Hassle-free financial transactions.
- Simplifies the identity verification process for investments, accounts, and other financial services.
5. FAQs on CKYC in Nepal
- What is CKYC?
CKYC (Centralized Know Your Customer) is a system for verifying customer identity in financial institutions across Nepal, managed by CDSC. - Who can apply for CKYC?
Anyone with valid identification can apply through an authorized bank or broker. - What documents are required?
You need a valid ID (citizenship, passport, or voter ID), address proof, and a photograph. - How long does the CKYC process take?
Once the documents are submitted, verification typically takes a few days. - Where can I use CKYC?
CKYC is used for all financial transactions in authorized institutions across Nepal.
For more details, visit CDSC’s CKYC page.
