The Reserve Bank of India (RBI) on November 28, 2025, notified regarding the Compliance with Know Your Customer (KYC) norms.
The Reserve Bank of India (RBI) has updated KYC compliance requirements for Authorised Persons (APs) by aligning them with the recently revised KYC frameworks applicable to different regulated entities. Key points are as follows:
• Reference to earlier KYC provisions in various Master Directions (Money Changing Activities, Overseas Investment, Other Remittance Facilities, and MTSS) is noted.
• Since the Master Direction – KYC, 2016 has been replaced with entity-specific KYC regulations, the following framework will now apply:
o APs regulated by the RBI’s Department of Regulation must follow the respective KYC Directions applicable to their category of regulated entity.
o APs not regulated by the Department of Regulation must comply with the RBI (NBFC – KYC) Directions, 2025.
o APs must also ensure that all agents, sub-agents, and franchisees comply with the relevant KYC requirements.
• The updated directions are issued under Sections 10(4) and 11(1) of FEMA, 1999, without affecting any other permissions or approvals required under different laws.
• The relevant provisions in the cited Master Directions are being amended to reflect these revised KYC instructions.
• The revised KYC requirements are effective immediately, and APs are required to inform their customers and stakeholders.
[Notification No. RBI/2025-26/99 A.P. (DIR Series) Circular No. 16]
