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

Central KYC Records Registry issues Process for Claiming Incentives for CKYCRR Transactions

27-Jun-2025 | CKYC/2025/06

The Central KYC Records Registry has established a process for claiming incentives for CKYCRR transactions, which will take effect on January 1, 2025. Registered Entities (REs) will earn Rs. 0.50 for each new KYC record uploaded and Rs. 0.25 for each KYC record updated. Here are the key points regarding the incentive process: 1. Incentives will be credited quarterly to the registered bank accounts based on monthly invoices submitted by REs in their preferred format. 2. REs must register their bank account details in the "Bank Account Details" section found under the Billing Management module. 3. REs are required to view their incentive entries monthly, calculate the total invoice amounts including applicable GST, and upload tax invoices in .pdf, .jpg, or .jpeg formats via the Incentive Invoices screen. 4. Once submitted, claims will be processed quarterly. REs can track the payment status within the CKYCRR portal. 5. If any claim is rejected, the RE must correct the issues and resubmit the claim within 15 days of the rejection date. For further information, please refer to the official document.

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