Mumbai, Nov. 5 -- The Securities and Exchange Board of India (SEBI) has relaxed the know-your-customer (KYC) and onboarding requirements for overseas individual investors, allowing eligible non-resident clients to complete digital onboarding without being physically present in India.

The revised framework, announced through a circular issued by the market regulator, aims to simplify the process of onboarding Persons Resident Outside India (PROIs), including Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs) and foreign nationals.

Under the revised norms, individual investors residing in countries compliant with Financial Action Task Force (FATF) standards will be permitted to complete their KYC process digitally. The new pro...