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Corporate Laws Central Ministry of Finance Reserve Bank of India Act, 1934

Announcement: New functionality for capturing Source of Fund

03-Jun-2025 | NA

CERSAI has made a provision to capture additional details while registration of SI charge 1. Type of lending 2. Source of Fund Entity ID 3. Source of Fund Security Interest ID When Entity B wants to change the source of funds or security interest ID from Entity A to Entity C, there are two cases: 1). If Entity A has cleared the security interest charge on the funds given to Entity B, then Entity B can directly update the source details in the loan records. 2). If Entity A has not cleared the security interest charge, Entity B can request the change, but it will only take effect after Entity A approves it in the CERSAI system. This functionality will be rolled out on CERSAI portal shortly. Entity may refer to the updated user manuals and FAQs to know more about this functionality.

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