Mumbai, Oct 7 (PTI) The International Financial Services Centres Authority (IFSCA) will issue guidelines on video-based KYC for onboarding Non-Resident Indian (NRI) customers by November, IFSCA Chairman K. Rajaraman said on Tuesday.

Speaking at the sixth edition of the Global Fintech Fest 2025, Rajaraman said that over the next few months, the focus will be on streamlining the KYC process, following directions from Finance Minister Nirmala Sitharaman, who chairs the Financial Stability and Development Council, to make KYC more efficient and flexible.

"A consultation paper on video KYC was released a few months ago and now we are likely to notify (guidelines) by, say, by November, which means that now paper-based applications for opening a deposit account or an investment account and gift

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