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September 2026
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FEMA & RBIBanks can accept overseas-certified KYC documents from Foreign Portfolio Investors: RBI amends the Commercial Banks KYC Directions
KYC: certified copy for FPIsReliefRBI has amended paragraph 5(1)(v) of the Commercial Banks – Know Your Customer Directions, 2025. The option of taking an original certified copy of KYC documents — certified by an overseas bank branch, a notary abroad, a court magistrate, a judge or the Indian Embassy/Consulate — was available for NRIs and PIOs. It now also covers Foreign Portfolio Investors, with immediate effect from 18 September 2026.
August 2026
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SEBISEBI proposes fully digital KYC for NRIs, OCIs and foreign nationals located outside India in FATF-compliant countries; comment window closed on 4 September 2026
Digital KYC from abroad: draftComments invitedA SEBI consultation paper issued on 14 August 2026 proposes to let intermediaries on-board individual persons resident outside India digitally without insisting on physical presence in India, if the client is located in a FATF-compliant country. KYC records of such clients would be treated as portable, and video in-person verification would be subject to concurrent audit. Comments were due by 4 September 2026; the window has closed.
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FEMA & RBIIFSCA modifies AML, CFT and KYC Guidelines: all FIU reports only on FINgate 2.0, cross-border wire transfer reports named, NRI onboarding list of countries revised
FIU reports only on FINgate 2.0Rule changeIFSCA has modified its AML, CFT and KYC Guidelines, 2022. Regulated entities must file all reports online only at FIU-India’s FINgate 2.0 portal; rule 8 of the PML rules is added to clause 10.3; Cross Border Wire Transfer Reports are written into the guidance note; and the list of countries from which an NRI customer’s IP address may emanate is substituted with nine jurisdictions.
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