Budget 2025: Revamped central KYC registry announced to simplify investor onboarding

The Union Budget 2025 announced a revamped Central KYC (Know Your Customer) Registry to streamline and secure investor onboarding across financial institutions. Key upgrades include AI-powered verification, integration with digital platforms like DigiLocker, and enhanced data privacy through masking of sensitive KYC identifiers. The new system aims to reduce paperwork, enable real-time verification, and give users more control over their KYC data, making the onboarding process faster, safer, and more transparent for investors