Your 14-digit CKYC number can simplify account opening across banks

The system works across banks, brokerage houses, mutual fund houses, insurance companies and non-banking financial companies. Instead of completing the KYC process separately for each institution, a customer's CKYC number lets the institution pull existing details from the central registry.

That eliminates paperwork, speeds up verification and removes the need for cross-checks, the RBI says.

There are several ways to obtain a CKYC number, according to the central bank.

The RBI has urged citizens to stay informed through its "RBI Kehta Hai, Jaankar Baniye, Satark Rahiye" campaign, which focuses on financial awareness and vigilance when using financial services.