Originally published at finovo.tech/blog/sebi-circular-persons-with-disability-ekyc-how-brokers-comply-with-sebi-disabili — the canonical version has the latest updates.

SEBI guidelines for eKYC: meeting disability norms

Picture this: you're a broker and SEBI's newest circular has landed on your desk. It outlines strict new video eKYC guidelines for onboarding people with disabilities. With the deadline looming in April 2024, brokers in India must adapt their eKYC processes to meet these inclusive standards or face the risk of regulatory setbacks and losing market competitiveness.

Understanding SEBI's disability eKYC mandate

SEBI's 2024 directive is clear: brokers are required to incorporate an eKYC process that supports people with disabilities. This is mandatory, not merely suggested, to ensure everyone has equal access to financial services. Brokers must shift from traditional practices, which often overlook key user groups, to comply with this mandate.

Top eKYC solutions for brokers

Brokers must select eKYC solutions that provide accessibility for disabilities. Tools like WhatsApp eKYC offer adaptable communication channels. Additionally, our enterprise eKYC build allows for tailored customization to fulfill even the strictest SEBI requirements.

Video eKYC benefits for disability access

Video eKYC isn't just about compliance. It provides genuine access for individuals needing personalized onboarding. Visual verification ensures accurate identity checks without compromising the user experience for those with disabilities. It reduces errors common in document-heavy methods, making the process clearer and more accessible.

Comparing eKYC platforms: what to consider

With a variety of eKYC solutions available, brokers need to choose platforms that excel in disability compliance. More than just integration and security, adaptive interfaces are necessary. Evaluate eKYC software from vendors who understand SEBI’s compliance needs and can offer customized solutions.

For a deeper dive, see our what is sebi re kyc.

For a deeper dive, see our best ekyc software in chennai for brokers and nbfc.

Efficiently implementing c-KYC compliance

Implementing c-KYC with a focus on disability access needs both technology and a change in mindset. Brokers should test with pilot groups in real-world settings, using smaller focus groups to fine-tune the onboarding process. This ensures inclusivity and effectiveness before a full rollout.

Think this applies to you? Get in touch—let's just start with a conversation.

— the finovo team