How is In-Person Verification (IPV) conducted for NRI clients by Trading Members / Stock Brokers of IFSC Exchanges?

For non-resident clients, in-person verification can be done by employees at the stock broker's office or overseas. Given the challenges in conducting in-person verification for non-resident clients by stock broker staff, attestation of KYC documents by a Notary Public, Court, Magistrate, Judge, Local Banker, or at an Indian Embassy/Consulate General in the client's residing country, may be allowed.

Moreover, to simplify the IPV process for the NRIs, stock brokers may facilitate Video In-Person Verification (VIPV) through their App, provided they comply with the procedures outlined by the regulator.

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