SEBI Plans to Enable Remote KYC for NRIs
SEBI is in advanced discussions with UIDAI and RBI to enable secure, remote Know Your Customer (KYC) verification for Non-Resident Indians (NRIs).
The initiative aims to simplify KYC access for NRIs and is currently in the testing phase.
“It will be a major development once operational,”
said SEBI Chairman Tuhin Kanta Pandey, highlighting the importance of this move to ensure NRIs no longer need to travel to India for completing KYC procedures.
Pandey also mentioned that SEBI is moving from reactive supervision to predictive oversight.
Author's summary: SEBI plans remote KYC for NRIs.