KYC masking to go live on Jan 20
Financial Express Delhi|December 18, 2024
IN A MOVE that provides relief to financial institutions, the Central KYC Records Registry has extended the deadline for masking Know Your Customer (KYC) documents to January 20 next year.
SACHIN KUMAR

The original deadline, which expired on December 16, had raised concerns among banks and fintech companies, who cited insufficient time for implementation. The extension comes after multiple requests from these institutions seeking more time to comply with the updated KYC requirements.

"In view of requests received from various reporting entities, it has been decided to defer the date of go live for masking of KYC Identifier from December 16, 2024, after 8:00 pm to January 20, 2025, after 8:00 pm," said the Central KYC Records Registry in a circular.

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