Reserve Bank of India (Commercial Banks – Know Your Customer) Amendment Directions, 2025

29-Dec-2025 , 07:21:48 pm | By CASANSAAR print

Reserve Bank of India (Commercial Banks – Know Your Customer) Amendment Directions, 2025

RBI/2025-26/166
DOR.AML.REC.370/14.01.002/2025-26

December 29, 2025

Reserve Bank of India (Commercial Banks – Know Your Customer) Amendment Directions, 2025

Reserve Bank had issued the Reserve Bank of India (Commercial Banks – Know Your Customer) Directions, 2025 dated November 28, 2025 (hereinafter referred to as the “Directions”) in compliance with the provisions of the Prevention of Money-Laundering Act, 2002 and the Rules made thereunder. There is a need to amend the Directions to clarify the responsibility of entities uploading customer records to and downloading the same from the Central KYC Records Registry (CKYCR), based on the office memorandum (OM) titled “CKYCR and the ultimate responsibility of REs – reg.” issued by the Department of Revenue, Government of India, dated September 18, 2025.

2. Accordingly, in exercise of the powers conferred by section 35A of the Banking Regulation Act, 1949, section 10(2) read with section 18 of the Payment and Settlement Systems Act, 2007, section 11(1) of the Foreign Exchange Management Act, 1999, Rule 9(14) of the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005 and all other enabling provisions of law in this regard, the Reserve Bank of India, being satisfied that it is necessary and expedient in the public interest to do so, hereby issues the Amendment Directions hereinafter specified.

3. Short Title and Commencement
(1) These Directions shall be called the Reserve Bank of India (Commercial Banks – Know Your Customer) Amendment Directions, 2025.
(2) These Directions shall come into force with immediate effect.

4. These Amendment Directions modify the Reserve Bank of India (Commercial Banks – Know Your Customer) Directions, 2025 as under:

(1) In paragraph 65, after sub-paragraph (10), the following Explanation shall be inserted, namely:

“Explanation: The Regulated Entity (RE) that has last uploaded or updated the customer’s KYC records in the CKYCR shall be responsible for verifying the identity and/or address of the customer, as applicable. Accordingly, any bank downloading and relying on such records from the CKYCR shall not be required to re-verify the authenticity of the customer’s identity and/or address, provided the KYC records downloaded from CKYCR are current and compliant with the Prevention of Money-Laundering Act, 2002 and the Prevention of Money-Laundering Rules, 2005.

The bank downloading and relying on KYC records downloaded from the CKYCR shall remain responsible for all aspects of Customer Due Diligence (CDD) procedures and provisions of these Directions, except verification of the identity and/or address of the customer.”

(Veena Srivastava)
Chief General Manager