NRI investing is about to get a whole lot easier

General
1

SEBI is proposing digital KYC for NRIs/OCIs living overseas, along with portable KYC so verified details can potentially be reused across intermediaries.

This is a pretty big step towards making investing in India from abroad much simpler.
No flying to India just for KYC. No repeating the same process everywhere.
If this goes through, NRI investing could get a lot more seamless.

Aadhaar going online once gave account openings a massive push. This could be the next big wave brokers better be ready.

2

@Rohith_Raj

I agree on the friction point, but I wouldn’t immediately equate easier onboarding with a surge in active NRI investors. Account opening is one thing; funding, taxation, repatriation rules and investment restrictions still remain.