SEBI proposes digital KYC for NRIs, OCIs without physical presence

SEBI is the group in India that watches over the country's stock market and investments.

Before people can invest, they have to finish a check called KYC, which proves who they are.

Right now, Indians living in other countries have to travel all the way to India just to do this check.

SEBI has a new idea: let these investors do the check online from wherever they live.

To make sure it is safe, there will be extra checks, like showing the person's face and recording where they are.

The place they are in must match the address on their documents.

Their information could also be shared between different investment companies, so they do not have to keep repeating the check.

This would make it much easier for Indians abroad to invest in their home country.