From 3 December 2026, SEBI allows remote digital KYC for NRIs, OCIs, and foreign nationals from FATF-compliant jurisdictions, using video-based identity proofing and verified document upload.
SEBI Permits Digital KYC for NRIs, OCIs
SEBI has eased KYC norms for non-resident investors by permitting digital KYC for NRIs, OCIs, and foreign nationals residing in Financial Action Task Force (FATF)-compliant countries. The facility becomes effective from 3 December 2026 and involves Video KYC (VIPV), verified document upload, and integration with CKYC and KRA platforms.
The move eliminates the need for physical documentation or in-person verification, reducing onboarding time. Intermediaries must ensure robust authentication mechanisms, including liveness detection and biometric verification where applicable. The framework applies to PMS, AIFs, demat accounts, and direct market access.
For legal and compliance teams, this requires updating client onboarding policies and strengthening intermediary due diligence protocols. While enhancing investor access, the rules heighten liability for verification failures, necessitating audit-ready digital trails and periodic reviews under AML/CFT norms.
Citations
- SEBI Circular on Digital KYC, 5 November 2026
