Sebi eases digital KYC rules for NRIs, foreigners

Effective December 3, non-resident Indians (NRIs) and foreigners willing to invest in the country will have an easier know-your-customer (KYC) onbaording process as capital markets watchdog Sebi relaxes those norms for persons resident outside India (PROIs or NRIs).

The market regulator also allowed those from the financial action task-force (FATF)-compliant countries to complete digital onboarding without being physically present here.