The key proposals include centralising and sharing supplementary KYC information at the KRA level, mandating periodic KYC reviews every five years, enabling seamless sharing of updated KYC data across intermediaries, and introducing defined timelines for delinking KYC records after account closure. Some relaxations are proposed for OCI card holders residing in India, simplified documentation for name changes already updated in PAN and Aadhaar, optional overseas address proof in specified cases, and easing source verification requirements for current addresses. The paper also proposes flexibility in capturing alternate contact details and reduced verification where Aadhaar-seeded information is already validated. The comments/ feedback is invited from stakeholders.