Mumbai, June 30 -- Securities and Exchange Board of India (SEBI) on Monday allowed registered intermediaries to use 'e-KYC Setu System' of National Payments Corporation of India to perform Aadhaar-based e-KYC authentication for ease of doing business, the markets regulator said in a statement.

Under the present framework, registered intermediaries use e-KYC services of the Unique Identification Authority of India (UIDAI) in the securities market.

This service has been accepted as a valid process for digital Know Your Client (KYC) verification using KYC User Agency (KUA /Sub-KUA) mechanism and /or the Digilocker.

To further facilitate ease of doing KYC, it is stated that registered intermediaries can also use the 'e-KYC Setu System' of ...