Banks and brokers follow different KYC processes, so you need to complete KYC separately for your Zerodha account even if you have done it for your bank account.
Different KYC systems for different sectors
The KYC process followed by banks and brokers is different. Broking firms must follow the KYC registration process via the KYC Registration Agency (KRA), while banks follow the registration via the Central KYC Agency (CKYC). Zerodha fetches or creates your KYC as part of the account opening process.
Key differences between KYC and CKYC
| KYC | CKYC |
| KYC is limited to SEBI intermediaries. | CKYC is universal for the Banking, financial services and insurance (BFSI) sectors. |
| KYC is identified with the PAN number. | CKYC is identified by a 14-digit number (CKYC number). |