'No reason to go elsewhere': Zerodha CEO Nithin Kamath welcomes SEBI's NRI KYC changes

What happened: Zerodha CEO Nithin Kamath welcomed SEBI's decision to ease digital KYC requirements for NRIs, OCIs, and foreign nationals, allowing them to complete onboarding while residing overseas. Key numbers: SEBI circular dated November 4, 2026. Framework effective December 3, 2026, or 30 days from the circular date. Kamath said account opening that took weeks can now be done in 2 to 3 days. Why it matters: Kamath said account opening had been one of the biggest hurdles for NRIs investing in India, and that easier access is one of the simplest ways to attract more long-term capital.

Zerodha CEO Nithin Kamath welcomed SEBI's decision to ease digital KYC requirements for NRIs, OCIs, and foreign nationals, allowing them to complete onboarding while residing overseas.

Kamath said account opening had been one of the biggest hurdles for NRIs investing in India, and that easier access is one of the simplest ways to attract more long-term capital.