Beware: Airtel Sharing KYC data with CKYC even for a wallet account!!

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Received this email today from CKYC. Airtel updated the CKYC address without my consent and all of a sudden. Have done wallet-KYC like 3-4 months back.


Image link: https://i.imgur.com/OR22l...ng

And they say, I have given them proof of possession of aadhar(OVD), which can only be given offline. confused


Image Link:https://i.imgur.com/uG2yN...ng

Many on Twitter also faced this, but Airtel is saying it’s a technical glitch at CKYC’s end, What a joke!!
https://twitter.com/airtelbank/status/128996968...

P.S.: All this for a wallet account, I don’t have any bank account with them.

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What’s wrong in that??

CKYC is your central KYC repository…any wallet/banks where you do KYC will go and update CKYC.

https://www.cersai.org.in/CERSAI/about...rg
caters to Reporting Entities (REs)of all four major regulators of financials sector i.e. RBI, SEBI, IRDAI & PFRDA. Airtel Bank comes Under RBI.

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Sudarshan61 wrote:

What’s wrong in that??

CKYC is your central KYC repository…any wallet/banks where you do KYC will go and update CKYC.

With my experience, no other wallet did this before! Only MFs and Bank accounts.
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I might be over-reacting here but “proof of possession of Aadhar” can only be given offline and I have only done EKYC with them.

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Tejaa wrote:

With my experience, no other wallet did this before! Only MFs and Bank accounts.
.
I might be over-reacting here but “proof of possession of Aadhar” can only be given offline and I have only done EKYC with them.

Even wallets do this days…
OTP based based AAdhaar verification= proof of possession of Aadhaar.

Even Amazon has started to fetch/update details to CKYC

Regarding your concent…I am sure something much be their in TnC we really don’t read all of that long stuff.

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Sudarshan61 wrote:

Even wallets do this days…
OTP based based AAdhaar verification= proof of possession of Aadhaar.

Even Amazon has started to fetch/update details to CKYC

Oh is it.. Then thank you buddy for updating my knowledge. innocent #GettingOutdated

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CYKYC should change their email draft from updating of address to something else. Everyone is shocked after reading that for the first time.

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