Good news for millions of Non-Resident Indians (NRIs) around the world!
The Securities and Exchange Board of India (SEBI) has proposed easing geo-tagging requirements for KYC and re-KYC verification. This means NRI clients may soon be able to complete their KYC process remotely via Video-based Customer Identification Process (V-CIP) - without having to be physically present in India.
What’s Changing
Currently, intermediaries like brokers, mutual fund houses, and portfolio managers are required to ensure that NRI clients undergoing KYC are physically located in India during verification - confirmed using geo-tagging.
SEBI’s new proposal removes this barrier, allowing NRIs to:
Complete verification through secure video calls.
Avoid travel for compliance updates.
Save both time and money.
Why It Matters
This move simplifies financial access for NRIs who often face difficulties updating their KYC while living abroad. It also encourages smoother participation in Indian markets , from mutual funds to equity investments.
“SEBI’s proposal is a practical step toward a more inclusive financial ecosystem for global Indians.” - OurNRI Editorial
The Bigger Picture
This change aligns with India’s broader Ease of Doing Business and Digital India vision, strengthening financial inclusion for citizens worldwide.
#OurNRI #SEBI #KYC #NRINews #EaseOfDoingBusiness
