In a significant move towards financial inclusion, the Securities and Exchange Board of India (SEBI) has directed all financial intermediaries to make digital KYC (Know Your Customer) processes accessible for persons with disabilities (PwDs).
This decision follows a Supreme Court judgement on April 30, 2025, which emphasised equal access to financial services for all, including PwDs.
SEBI’s latest circular applies to all registered intermediaries — including stockbrokers, mutual funds, portfolio managers, and others. These entities are now required to ensure that their services, especially those involving digital KYC and account opening, are accessible to PwDs.
To help intermediaries follow these new norms, SEBI has also updated its FAQs related to KYC and account opening for persons with disabilities. These are now available on the SEBI website.
SEBI has also allowed the use of KYC data from the Central KYC Registry, provided the client gives consent. This will help streamline processes for PwDs.
Read more on: SEBI Permitted Cat II AIF to Invest in Listed Debt Securities
SEBI’s updated rules mark a strong step toward inclusive finance in India. By ensuring that digital KYC is accessible, the regulator is helping persons with disabilities participate fully in the financial markets.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: May 26, 2025, 3:03 PM IST
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