Date: 2025-06-30Category: Not ApplicableState: Union GovernmentCountry: India
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
**Policy Summary: Expansion of eKYC Options for Registered Intermediaries**
This policy, effective June 30, 2025, permits registered intermediaries in the securities market to utilize the eKYC Setu System developed by the National Payments Corporation of India (NPCI) for Aadhaar-based electronic Know Your Client (eKYC) authentication. This supplements the existing framework, which allows intermediaries to use eKYC services provided by the Unique Identification Authority of India (UIDAI) through the KYC User Agency (KUA)/Sub-KUA mechanism and/or Digilocker. The introduction of the eKYC Setu System, a collaborative effort between NPCI and UIDAI, aims to streamline customer onboarding through digitization. Registered intermediaries can now leverage the eKYC Setu System as an alternative method for performing digital KYC, providing them with increased flexibility in verifying client identities. This policy aims to enhance ease of doing business within the securities market by expanding available eKYC options.
Key Entities Referenced
Registered Intermediaries: Entities allowed to use eKYC Setu System for Aadhaar based eKYC authentication.
eKYC Setu System: A system of National Payments Corporation of India used for performing Aadhaar based eKYC authentication.
National Payments Corporation of India: An organization that developed eKYC Setu System, abbreviated as NPCI.
Aadhaar: A 12-digit individual identification number issued by the Unique Identification Authority of India.
Unique Identification Authority of India: An authority whose eKYC services are used by registered intermediaries in the securities market, abbreviated as UIDAI.
KYC User Agency: Mechanism used for digital Know Your Client KYC verification, abbreviated as KUA.
Digilocker: A service accepted as a valid process for digital Know Your Client KYC verification.
Mumbai, Maharashtra: Place of publication
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