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SEBI to simplify rules allowing NRIs easier access to Indian equity markets
SEBI plans to digitize NRI onboarding, removing physical KYC requirements to boost foreign participation.
SEBI is preparing amendments to simplify participation of Non-Resident Indians (NRIs) in Indian stock markets, eliminating the need for physical presence in India for KYC verification. The proposed digital onboarding and Aadhaar-linked authentication system will enable faster account openings and reduce compliance burdens. The initiative is part of SEBI’s broader effort to attract more overseas capital into India’s equities amid sustained FPI inflows. (New Indian Express)