New Delhi, Aug. 14 -- The Securities and Exchange Board of India (Sebi) is seeking to make it easier for overseas investors to open securities accounts in India, proposing to remove the physical presence and documentation hurdles that have long complicated the process.

In a consultation paper issued Friday, the market regulator proposed allowing non-resident Indians (NRIs), overseas citizens of India (OCIs) and foreign nationals in Financial Action Task Force (FATF)-compliant countries to complete securities-market KYC (know-your-customer) digitally from abroad.

Currently, digital onboarding of non-residents requires clients to be physically present in India, leaving those overseas dependent on physical processes.

Under the proposed fr...