From mint · A Ksheerasagar · · 1m 10s
SEBI relaxes KYC rules for NRIs, OCIs
Overseas investors can now complete KYC onboarding digitally from abroad under SEBI's new rules.
In brief
Overseas investors can now complete KYC onboarding digitally from abroad under SEBI's new rules. SEBI allows NRIs and OCIs to complete digital KYC remotely in FATF-compliant countries starting December 3, 2026. Originally reported by mint.
SEBI relaxes KYC rules
SEBI has eased KYC rules for NRIs, OCIs and foreign nationals allowing remote digital onboarding.
New onboarding rules
Individuals in fatf-compliant countries can submit kyc information digitally to intermediaries without physical presence in india.
Effective date
The revised framework takes effect from december 3, 2026, or 30 days from the circular date.
Key documents required
Intermediaries collect pan, passport and oci card details with pan verified against income tax database.
Address proof options
Foreign nationals provide government documents or embassy letters if identity cards lack address details.
Video verification process
Video in-person verification requires live gps coordinates and random actions to prevent pre-recorded interactions.
KYC records portable
KYC records can be shared across intermediaries with attributes marked as validated after verification.
Fpi registration unaffected
Foreign portfolio investors remain governed by existing fpi registration rules and procedures.
What to remember
SEBI allows NRIs and OCIs to complete digital KYC remotely in FATF-compliant countries starting December 3, 2026.
