The relaxation is aimed at making the re-KYC process smoother and more accessible for NRIs. (Image: Agnidev Bhattacharya/NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Markets regulator Securities And Exchange Board of India (SEBI) on Wednesday eased the re-KYC process for Non-Resident Indians by removing the requirement for them to be physically present in India during digital verification.

The relaxation is aimed at making the re-KYC process smoother and more accessible for NRIs.

In its circular, SEBI has decided to modify the existing provisions to ease re-KYC access for NRIs after receiving references from multiple stakeholders.

Under this, the requirement of physical location of the client being in India during digital onboarding has been relaxed for

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