Sebi chief says C-KYC 2.0 is expected to be launched by late July
The new system will enable a single KYC across the entire financial sector
The biggest hurdle is authentication; Pandey warns that weak verification would make the shared data pool "untrustworthy"
New C-KYC 2.0 System Coming This July, Says Sebi Chief
Sebi C-KYC 2.0 Launch Date: Sebi Chairman Tuhin Kanta Pandey said a unified KYC system is a priority. He added that C-KYC 2.0 is likely to launch by July this year
Summary
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Sebi C-KYC 2.0 Launch Date: The hassle of submitting the same identification documents multiple times may soon go away. Tuhin Kanta Pandey, chairman of the Securities and Exchange Board of India (Sebi), said creating a unified know-your-customer (KYC) framework across the financial system is a key priority for the regulator. He added that work is underway on C-KYC 2.0, which is expected to be launched by July this year.
Speaking at the IMC Capital Markets Conference, Pandey said, “What we really want is to have one KYC across the financial sector." The initiative aims to turn the 'One Nation, One KYC' vision into reality. It will allow investors to use one verified identity across the financial sector, from stockbrokers to insurance companies.
The project is being developed by the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI), which maintains these records. It will have two versions of the system to help ensure a smooth transition, Pandey clarified.
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“According to the information I have, CERSAI is looking into this. The C-KYC technology portal they are preparing will likely be substantially completed by July.”
However, the biggest challenge in creating a unified KYC system is authentication, Pandey noted. He warned that for a shared system to work, the initial verification must be strong and reliable. Without proper checks, a central pool of data could become “untrustworthy” and weaken the entire financial system.
To fix this, he said regulators need to work more closely together to build a strong system where different platforms can connect smoothly.
Sebi chief's announcement comes after Minister of Finance and Corporate Affairs Nirmala Sitharaman recently highlighted the for a "seamless, secure and portable" KYC experience that allows citizens to move between different financial services without repeating the same verification steps.
Speaking at Sebi's 38th Foundation Day in Mumbai on April 25, 2026, Sitharaman emphasized that the current fragmented system is an unnecessary hurdle for investors. “Sebi should help drive the prescription of the common KYC norms and the simplification and digitisation of KYC processes,” she stated, adding that the regulator has the scale and institutional credibility to lead this effort.
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Frequently Asked Questions
1. What is C-KYC 2.0 and how will it benefit me?
C-KYC 2.0 is an upgraded and unified identity system. Its main benefit is that it reduces repeated paperwork. Once you complete your KYC for one financial service such as a bank account, you will not have to submit the same documents again for other services like stockbroking or insurance.
2. When is the new system expected to go live?
According to Sebi chairman Tuhin Kanta Pandey, the C-KYC technology portal being developed by CERSAI is expected to be "substantially completed" and launched by late July.
3. What is the biggest challenge Sebi faces with this rollout?
The primary challenge is authentication. For a unified system to work, the initial identity check must be perfect. If the verification is weak, the entire shared database becomes unreliable, which could pose a risk to the security of the financial system.
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