The Securities and Exchange Board of India (Sebi) is set to roll out a unified Know Your Customer (KYC) system, termed CKYC 2.0, by July this year. This initiative, inspired by the government's 'One Nation One KYC' vision, aims to streamline the onboarding process for investors and loan seekers across all financial institutions in India. Currently, customers must submit KYC documents multiple times to different institutions, but with CKYC 2.0, a single KYC submission will be accessible to banks, mutual funds, non-banking financial companies (NBFCs), insurers, and pension funds. Experts believe this reform will enhance the financial services experience by making it more secure and portable. Additionally, CKYC 2.0 will incorporate advanced tokenization and facial biometrics to improve data safety and reduce fraud risks associated with impersonation. The primary beneficiaries of this unified system are expected to be retail investors and individuals in lower-tier markets, facilitating easier access to financial services. As India's retail investor base has surpassed 18 crore demat accounts, CKYC 2.0 could significantly enhance financial inclusivity and accessibility for a broader range of consumers.