COMPLIANCE WITH KNOW YOUR CUSTOMER (KYC) NORMS

NEW DELHI, Nov. 28 -- The Government of India issued the following FEMA circular:

RBI/2025-26/99

A.P. (DIR Series) Circular No. 16

November 28, 2025

All Authorised Persons

Madam / Sir,

Compliance with Know Your Customer (KYC) norms

Attention of Authorised Persons is invited to instructions contained in Section I and Section VI of 'Master Direction - Money Changing Activities'; Para 27(4) of 'Master Direction - Overseas Investment'; Para 6.5 of 'Master Direction - Other Remittance Facilities'; and Para 3.2.b and 8(i) of 'Master Direction - Money Transfer Service Scheme (MTSS)' on compliance with KYC norms.

2. 'Master Direction - Know Your Customer (KYC) Direction, 2016' has since been substituted with regulatory instructions applicab...