Sebi eases KYC rules for NRIs, OCIs and foreign nationals
In short
Sebi has eased KYC rules for overseas investors. NRIs, OCIs and foreign nationals can now onboard digitally from abroad, and people from FATF-compliant countries can submit KYC details remotely.
The change should make it easier for overseas investors to open accounts and use Indian market services.
What the reporting says
Sebi relaxed Know Your Client norms for overseas investors and allowed NRIs, OCIs and foreign nationals to onboard digitally from abroad. Investors from FATF-compliant countries can submit KYC details remotely without coming to India. Intermediaries can also use existing KYC records and carry out video verification when needed, widening access for overseas participants.
Why it matters
Sebi relaxed KYC requirements for overseas investors, letting NRIs, OCIs and foreign nationals onboard digitally from outside India. For investors in FATF-compliant countries, KYC details can now be submitted remotely, while intermediaries may rely on existing records and use video verification when needed. The move should make it easier for overseas participants to access Indian markets.