Sebi Enhances KYC Process with NPCI's e-KYC Setu System

Sebi has announced that registered intermediaries can now utilize NPCI's 'e-KYC Setu System' to simplify the digital KYC process. This system serves as an additional method for performing Aadhaar-based e-KYC. The initiative, developed by NPCI and UIDAI, aims to streamline customer onboarding in the securities market.

Sebi has introduced a new digital tool for intermediaries in the securities market. On Monday, the regulatory body announced that the 'e-KYC Setu System' by NPCI is now available for registered intermediaries to conduct digital Know Your Client (KYC) processes.

This system is an alternative method for Aadhaar-based e-KYC, complementing existing services offered by UIDAI. The initiative aims to simplify and streamline the verification process for clients in the securities market.

Developed through a partnership between NPCI and UIDAI, the 'e-KYC Setu System' harnesses digital technology to enhance customer onboarding, promising greater efficiency and ease for intermediaries.