PR No.35/2025
Registered Intermediaries are allowed to use ‘e-KYC Setu System’of National Payments Corporation of India to perform Aadhaar based e-KYC authentication for ease of doing business
Under the present framework, registered intermediaries use e-KYC services of Unique Identification Authority of India (UIDAI) in the securities market. This service has been accepted as a valid process for digital Know Your Client (KYC) verification using KYC User Agency (KUA /Sub-KUA) mechanism and /or the Digilocker. To further facilitate ease of doing KYC, it is stated that registered intermediaries can also use ‘e-KYC Setu System’ of National Payments Corporation of India (NPCI) to perform digital KYC.
NPCI along with UIDAI has developed and implemented a system known as ‘e-KYC Setu System’ to enable digitization of the customer onboarding. Registered intermediaries may use the facility of ‘e-KYC Setu System’ to perform digital KYC, as an additional alternate mechanism available to the them to carry out Aadhaar based e-KYC of their clients.
Mumbai
June 30, 2025
