The Reserve Bank of India (RBI), on December 29, 2025, issued the Reserve Bank of India (All India Financial Institutions – Know Your Customer) Amendment Directions, 2025, amending the KYC Directions originally notified on November 28, 2025. The amendment has been introduced to align the regulatory framework with the Office Memorandum dated September 18, 2025, issued by the Department of Revenue, Government of India, on accountability relating to the Central KYC Records Registry (CKYCR).
Through this amendment, RBI has clarified that the Regulated Entity (RE) which has last uploaded or updated a customer’s KYC records in the CKYCR shall be solely responsible for the verification of the customer’s identity and/or address. Accordingly, any All India Financial Institution (AIFI) downloading and relying upon such KYC records from the CKYCR is not required to re-verify the authenticity of the customer’s identity or address, provided the records are current and compliant with the Prevention of Money-Laundering Act, 2002 and the Prevention of Money-Laundering Rules, 2005.
The RBI has, however, made it explicit that while re-verification of identity or address is not required, the AIFI relying on CKYCR records shall continue to remain responsible for all other aspects of the Customer Due Diligence (CDD) process and compliance with the KYC Directions. The Amendment Directions have come into force with immediate effect, ensuring clearer allocation of responsibility among regulated entities and facilitating ease of compliance without diluting AML/CFT safeguards.
[RBI/2025-26/157; DOR.AML.REC.361/14.01.011/2025-26]
