Sebi eases KYC norms for NRIs, OCIs, allows digital onboarding from December 3
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Sebi eased KYC norms for NRIs and OCIs, allowing digital onboarding from December 3, 2026.
- ✓The regulator removed the rule that clients must be physically present in India.
- ✓Intermediaries can now accept digital documents from residents in FATF-compliant countries.
Story at a Glance
- Category
- MARKET
- Reported By
- Economic Times
- Reading Speed
- 6 Minute(s)
- Market Focus
- India Economy
The Securities and Exchange Board of India (Sebi) has eased Know Your Customer (KYC) requirements for non-resident Indians (NRIs), Overseas Citizens of India (OCIs) and foreign nationals, allowing them to complete the onboarding process digitally while residing overseas, subject to specified conditions.
Under the revised framework, market intermediaries can accept digital submission of KYC information and supporting documents from individual persons resident outside India (PROIs) located in countries compliant with the Financial Action Task Force (FATF), according to the regulator's latest circular.
The new provisions will come into effect from December 3, 2026, 30 days from the date of issuance of the circular. The relaxation will not extend to clients residing in FATF non-compliant countries, for whom the existing KYC process will continue to apply.
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Economic Times
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