**Executive Summary**
This document contains the Reserve Bank of India (All India Financial Institutions – Know Your Customer) Amendment Directions, 2025, issued on December 29, 2025. It amends the 2025 KYC Directions to clarify responsibilities regarding customer record uploads and downloads from the CKYCR, effective immediately. The amendment addresses the office memorandum (OM) titled “CKYCR and the ultimate responsibility of REs – reg.” issued by the Department of Revenue, Govt of India, dated September 18, 2025.
**Key Points / Main Content**
* **Amendment Title and Effective Date:**
* The directions are called the Reserve Bank of India (All India Financial Institutions – Know Your Customer) Amendment Directions, 2025.
* They come into force with immediate effect.
* **Modification of Existing Directions:**
* These Amendment Directions modify the Reserve Bank of India (All India Financial Institutions – Know Your Customer) Directions, 2025.
* **Clarification on KYC Record Verification:**
* An "Explanation" is inserted into paragraph 62 after sub-paragraph (9) of the original directions.
* The RE (Regulated Entity) that last uploaded or updated KYC records in the CKYCR is responsible for verifying the customer's identity and/or address.
* Any AIFI (All India Financial Institution) downloading and relying on such records from CKYCR is NOT required to re-verify the authenticity of customer identity and/or address, provided the KYC records downloaded from CKYCR are current and compliant with the PML Act, 2002 / PML Rules, 2005.
* The AIFI downloading and relying on KYC records downloaded from the CKYCR remains responsible for all aspects of CDD (Customer Due Diligence) procedure and provisions of the original directions, EXCEPT verification of identity and/or address of the customer.
**Impact Analysis**
**AIFI (All India Financial Institutions)**
* **Impact:** AIFIs relying on KYC records downloaded from CKYCR will no longer need to re-verify customer identity and address.
* **Action Required:** Ensure KYC records downloaded from CKYCR are current and compliant with the PML Act, 2002 / PML Rules, 2005. AIFIs must still comply with all other aspects of CDD and provisions of the original Directions.
**RE (Regulated Entities) uploading KYC Records to CKYCR**
* **Impact:** The RE that last uploaded or updated a customer's KYC record is responsible for the customer's identity and/or address verification.
* **Action Required:** Ensure the accuracy and authenticity of uploaded customer KYC records.
Key Entities Referenced
Reserve Bank of India (All India Financial Institutions – Know Your Customer) Amendment Directions, 2025: The primary subject of the document, outlining amendments to KYC directions for All India Financial Institutions.
Reserve Bank of India (All India Financial Institutions – Know Your Customer) Directions, 2025: The original directions being amended by this document, related to KYC compliance for All India Financial Institutions.
Reserve Bank of India: The issuing authority and regulatory body.
Prevention of Money-Laundering (Maintenance of Records) Rules, 2005: Referenced regulation related to maintenance of records for preventing money laundering.
PML Act, 2002: Referenced law related to the Prevention of Money Laundering.
RBI/2025-26/157
DOR.AML.REC.361/14.01.011/2025-26 December 29, 2025
Reserve Bank of India (All India Financial Institutions – Know Your Customer)
Amendment Directions, 2025
Reserve Bank had issued Reserve Bank of India (All India Financial Institutions – Know
Your Customer) Directions, 2025 dated November 28, 2025 (hereinafter referred to as the
Directions) in compliance of the provisions of the PML 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 CKYCR, based on the
office memorandum (OM) titled “CKYCR and the ultimate responsibility of REs – reg.”
issued by the Department of Revenue, Govt of India, dated September 18, 2025.
2. Accordingly, in exercise of the powers conferred by sections 35A of the Banking
Regulation Act, 1949, the Banking Regulation Act (AACS), 1949, read with section 56 of
the Act ibid, sections 45JA, 45K, and 45L of the Reserve Bank of India Act, 1934, section
10(2) read with section 18 of Payment and Settlement Systems Act 2007 (Act 51 of 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 laws in this regard, the Reserve Bank being satisfied that it is necessary and
expedient in the public interest so to do, hereby issues the Amendment Directions
hereinafter specified.
3. Short Title and Commencement
(1) These Directions shall be called the Reserve Bank of India (All India Financial
Institutions – 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 (All India Financial
Institutions – Know Your Customer) Directions, 2025 as under:(1) In paragraph 62, the following “Explanation” is being inserted after sub-paragraph
(9):
“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 AIFI 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 AIFI
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.”
(Veena Srivastava)
Chief General Manager