The Securities and Exchange Board of India has permitted registered intermediaries to use the National Payments Corporation of India’s e-KYC Setu System to perform Aadhaar-based e-KYC authentication, adding an alternate mechanism for completing digital KYC in the securities market. Intermediaries currently use Unique Identification Authority of India e-KYC services for digital Know Your Client verification, recognised through the KYC User Agency (KUA/Sub-KUA) mechanism and/or DigiLocker. The e-KYC Setu System, developed and implemented by NPCI together with UIDAI to support digitised customer onboarding, can now also be used to carry out clients’ Aadhaar-based e-KYC.
Securities & Exchange Board of India 2025-06-30
Securities and Exchange Board of India allows intermediaries to use NPCI e-KYC Setu for Aadhaar-based digital KYC
The Securities and Exchange Board of India has authorized registered intermediaries to utilize the National Payments Corporation of India's e-KYC Setu System for Aadhaar-based e-KYC authentication. This provides an alternative mechanism for digital Know Your Client verification in the securities market, complementing existing services by the Unique Identification Authority of India.