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IFSCAs video based KYC for NRIs set to launch by November, ditching paper and streamlining account opening
Business
Published on 24 April 2026
A faceless UIDAI RBI authentication system is in play
IFSCAs International Financial Services Centres Authority plans to roll out video-based KYC guidelines for NRI customers by November, aiming to make account opening and investing in GIFT City simpler. The move is expected to reduce or eliminate paper applications, while a faceless authentication system is being developed in coordination with UIDAI and the RBI.
- IFSCAs video based KYC rollout for NRIs targets November
- Paper applications may be eliminated for account opening
- A faceless authentication system is being built with UIDAI and RBI
- The change is aimed at easing NRI investing in GIFT City
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times