Market regulator relaxes identity verification standards and approves digital onboarding for foreign citizens

The market regulator introduced relaxed identity verification requirements specifically for Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs), officially permitting eligible foreign investors to complete digital onboarding procedures online without relying solely on physical documentation.

Financial intermediaries and compliance officers must understand this shift from paper-based submissions to digital alternatives, while tax professionals and chartered accountants should prepare for updated client verification workflows.

Bottom line: streamlined digital onboarding reduces administrative friction for overseas investors entering domestic financial markets.