**Executive Summary**
The Reserve Bank of India issued Amendment Directions, 2025 on December 29, 2025, to the Reserve Bank of India (Urban Co-operative Banks – Know Your Customer) Directions, 2025. These amendments clarify the responsibilities of entities uploading and downloading customer KYC records from the Central KYC Records Registry (CKYCR). The directions come into force with immediate effect.
**Key Points / Main Content**
* **Amendment Overview:** These directions modify the Reserve Bank of India (Urban Co-operative Bank – Know Your Customer) Directions, 2025.
* **Clarification on KYC Responsibility:**
* The RE that last uploaded or updated a customer's KYC records in the CKYCR is responsible for verifying the customer's identity and/or address.
* Banks downloading and relying on KYC records from the CKYCR are not required to re-verify the authenticity of the customer's identity and/or address if the downloaded KYC records are current and compliant with the PML Act, 2002 / PML Rules, 2005.
* Banks downloading and relying on KYC records from CKYCR remain responsible for all aspects of CDD procedures and provisions of these directions, except for verification of identity and/or address.
**Impact Analysis**
**Urban Co-operative Banks (UCBs)**
* **Impact:** UCBs that upload and update KYC records to CKYCR will be responsible for the verification of the customer's identity and/or address. UCBs downloading KYC records from CKYCR will not need to reverify identity or address under certain conditions.
* **Action Required:** UCBs need to update their KYC procedures in accordance with these amendments.
**Banks Downloading KYC Records from CKYCR**
* **Impact:** These banks can rely on the uploaded KYC data from CKYCR without reverifying the identity and address, provided the records are current and compliant with relevant regulations.
* **Action Required:** Ensure downloaded KYC records are current and compliant and maintain responsibility for all other CDD procedures.
Key Entities Referenced
Reserve Bank of India (Urban Co-operative Banks – Know Your Customer) Amendment Directions, 2025: The primary subject of the document, these directions amend existing KYC guidelines for urban co-operative banks.
Reserve Bank of India (Urban Co-operative Bank – Know Your Customer) Directions, 2025: The pre-existing directions that are being modified by the Amendment Directions.
PML Act, 2002: Prevention of Money-Laundering Act, 2002, compliance with which is a prerequisite for the KYC records downloaded from CKYCR.
CKYCR: Central KYC Records Registry, the system from which banks can upload and download KYC records of customers.
Banking Regulation Act, 1949: A key law granting powers to the Reserve Bank of India, particularly section 35A, which is invoked in issuing these 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