The Reserve Bank of India has issued the Reserve Bank of India (Know Your Customer (KYC)) (2nd Amendment) Directions, 2025, amending the 2016 KYC Directions. The amendments include: addition of a link to KYC FAQs on the RBI website; ensuring no KYC application, including for Persons with Disabilities (PwDs), is rejected without proper reasoning; extending KYC requirements to occasional transactions of ₹50,000 or above and international money transfers; recognition of Aadhaar Face Authentication as valid authentication; and mandating that liveness checks should not exclude persons with special needs. These directions take immediate effect.
About the Author
