class="MsoNormal" style="text-align: justify;">The Reserve Bank of India (RBI), on December 29, 2025, issued the Reserve Bank of India (Payments Banks – Know Your Customer) Amendment Directions, 2025.
The following has been stated namely: -
In paragraph 65, the following “Explanation” is being inserted after sub-paragraph (10): “Explanation: The 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 CKCYR 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 PML Act, 2002 / PML Rules, 2005. The bank downloading and relying on KYC records downloaded from the CKCYR shall remain responsible for all aspects of CDD procedure and provisions of these Directions, except verification of identity and / or address of the customer.”
[Notification No. RBI/2025-26/161 DOR.AML.REC.365/14.01.009/2025-26]
