**Executive Summary**
This document, issued by the Reserve Bank of India on December 29, 2025, contains the "Reserve Bank of India (Urban Co-operative Banks – Know Your Customer) Amendment Directions, 2025." These directions amend the existing KYC guidelines of November 28, 2025, to clarify responsibilities regarding uploading and downloading customer records from the Central KYC Records Registry (CKYCR), effective immediately.
**Key Points / Main Content**
* **Amendment Title**: Reserve Bank of India (Urban Co-operative Banks – Know Your Customer) Amendment Directions, 2025.
* **Authority**: Issued under sections of the Banking Regulation Act, Payment and Settlement Systems Act, Foreign Exchange Management Act, and Prevention of Money-Laundering Rules.
* **Effective Date**: Immediate.
* **Modification to KYC Directions**: Amends the Reserve Bank of India (Urban Co-operative Bank – Know Your Customer) Directions, 2025.
* **CKYCR Responsibility Clarification**:
* The RE that last uploaded or updated the customer’s KYC records is responsible for verifying identity and address.
* Banks downloading KYC records from CKYCR are not required to re-verify identity and address, provided the records are current and compliant with the PML Act, 2002 / PML Rules, 2005.
* Banks downloading and relying on CKYCR records remain responsible for all other aspects of CDD procedure and provisions, except verification of identity/address.
**Impact Analysis**
**Urban Co-operative Banks (UCBs)**
* **Impact**: Clarifies responsibilities concerning KYC record verification when using CKYCR; reduces redundancy.
* **Action Required**: Implement the amended KYC directions, particularly concerning uploading and downloading KYC records from the CKYCR.
**Reserve Bank of India (RBI)**
* **Impact**: Enforces compliance with PML Act and rules by UCBs.
* **Action Required**: Monitor implementation and compliance.
**Customers**
* **Impact**: May experience reduced verification processes when KYC is already available and up-to-date in CKYCR.
* **Action Required**: No direct action required.
Key Entities Referenced
Reserve Bank of India (Urban Co-operative Bank – Know Your Customer) Amendment Directions, 2025: Amendment directions issued by the Reserve Bank of India related to KYC norms for Urban Co-operative Banks.
Reserve Bank of India (Urban Co-operative Bank – Know Your Customer) Directions, 2025: Original directions which are being amended by the Reserve Bank of India (Urban Co-operative Bank – Know Your Customer) Amendment Directions, 2025
Banking Regulation Act, 1949: Act under which the Reserve Bank of India derives powers to issue the Amendment Directions.
Prevention of Money-Laundering Act, 2002: Act that the original directions (RBI KYC Directions, 2025) comply with, and the amended directions implicitly refer to.
Reserve Bank of India: The regulator issuing the amendment directions.
RBI/2025-26/165
DOR.AML.REC.369/14.01.006/2025-26 December 29, 2025
Reserve Bank of India (Urban Co-operative Banks – Know Your Customer)
Amendment Directions, 2025
Reserve Bank had issued Reserve Bank of India (Urban Co-operative Bank – 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., 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 (Urban Co-operative
Bank – 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 (Urban Co-operative
Bank – Know Your Customer) Directions, 2025 as under:(1) In paragraph 64, 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.”
(Veena Srivastava)
Chief General Manager