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June 14, 2026
The Dispatch

Definition

eKYC

eKYC is the electronic verification of a customer's identity using digital records such as Aadhaar, replacing paper-based document submission for opening accounts and availing services.

eKYC lets a financial institution confirm your identity electronically. Aadhaar-based eKYC, with your consent, fetches your verified demographic details, removing the need to photocopy and submit documents physically.

RBI and SEBI permit various digital KYC modes — Aadhaar OTP-based, biometric, offline Aadhaar XML and Video KYC — each with different limits and use cases. Full eKYC enables higher transaction limits than minimal KYC.

It has made account opening, mutual fund investing and wallet upgrades near-instant, while regulators set safeguards around consent, data use and which entities may access Aadhaar-based authentication.

Related terms

  • Account Aggregator (AA)The Account Aggregator framework is an RBI-regulated, consent-based system that lets you securely share your financial data from one institution with another through a licensed intermediary.
  • Video KYCVideo KYC is an RBI-permitted process where customer identity is verified through a live video interaction with an official, allowing fully remote account or loan onboarding.
  • CKYCCentral KYC is a centralised registry that stores a customer's verified KYC records under a unique number, so the same documents need not be submitted to every institution.

Plain-English explainer from The Dispatch Investors Encyclopedia. General information, not financial advice.