New Delhi, Nov. 5 -- Zerodha founder and CEO Nithin Kamath has welcomed the Securities and Exchange Board of India's (SEBI) decision to ease digital Know Your Client (KYC) requirements for Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and foreign nationals, saying the move will simplify account opening for overseas investors and help attract more long-term capital into India.

"In August, I'd written about SEBI's proposal to simplify account opening for NRIs. Good to see that the changes have now been finalised," Kamath said in a post on X.

He said account opening had been one of the biggest hurdles for NRIs wanting to invest in India for years. While those with existing KYC could open accounts digitally, anyone abroad ...