Friday, December 8, 2023

Free Aadhaar Update Till December 14th, All You Need to Know




The Unique Identification Authority of India (UIDAI) has announced an extension to the free online update window for Aadhaar card details. Previously set to expire on September 14, 2023, individuals now have until December 14, 2023 to modify their address, name, date of birth, gender, mobile number, and email address without incurring any charges.


Keeping Your Aadhaar Updated: Why It's Important?


Updating your Aadhaar card details every 10 years keeps information accurate and ensures smooth access to essential services. Life events like marriage, relocation, or family changes necessitate updates. Additionally, children must submit all biometric data at age 15. Note that incomplete details, including only the year of birth, will be displayed during eKYC for users who haven't updated their Aadhaar.


By keeping your Aadhaar details updated, you enjoy the following benefits:


  • Smoother access to services: Up-to-date information ensures seamless access to vital services like banking, government schemes, and mobile phone connections.

  • Reduced errors and delays: Accurate data minimizes potential errors and delays during service provision.

  • Enhanced security: Current information contributes to a more secure system, minimizing the risk of identity theft and fraud.


How to update the Aadhaar details online


  1. Visit the Aadhaar Self Service portal on the official UIDAI website https://myaadhaar.uidai.gov.in

  2. Log into the portal using your Aadhaar number. An OTP will be sent to the registered mobile number to authenticate the process.

  3. Navigate to the document update section and review your existing details.

  4. Upload scanned documents and input necessary demographic details .

  5. Click the submit button and note down the Service Request Number (SRN) for future reference and tracking the update status.


This process facilitates the seamless updating of various details on your Aadhaar card. Notably, the option to update Aadhaar information free of charge is available until December 14, 2023. 


For more information contact us.

We, Finahub, are experts in Aadhaar related products and services like eSign, online 

KYC, Authentication, etc. If you want to know how your enterprise can start using it, please give us a call  @ 0484 2388285 or email us at [email protected]


Thursday, December 7, 2023

Aadhaar eSign now works with face authentication

 




The Unique Identification Authority of India (UIDAI) has announced a major advancement in its Aadhaar eSign service: the integration of face authentication for document signing. This innovative feature marks a significant step forward in user convenience, security, and accessibility.


Inclusive Accessibility: Beyond Mobile Numbers:


Gone are the days of waiting for one-time passwords (OTPs) and the barrier of needing a linked mobile number to sign documents. With face authentication, users can now instantly verify their identity and sign documents simply by positioning their faces within the camera frame. This removes the need for remembering passwords, waiting for messages, or having a linked mobile phone, resulting in a significantly faster, more convenient, and inclusive eSigning experience for everyone.


Cost-Effective Efficiency: Eliminating Hardware Dependencies:


Face authentication also eliminates the need for specialized biometric hardware devices, further streamlining the eSigning process and reducing costs. Previously, individuals and organizations needed to invest in these devices to utilize eSign services. Now, with the readily available camera on most smartphones and laptops, anyone can access and utilize the service seamlessly. This cost-effectiveness makes eSigning accessible to a broader range of users and organizations, driving further adoption and empowering a truly paperless environment.


A Seamless and Secure Experience:


The integration of face authentication simplifies the eSigning process by eliminating the need for additional authentication steps. Users simply upload their document, enter their Aadhaar number, and position their face within the camera frame. Upon successful verification, their eSignature is applied, and the signed document is readily available for download and sharing. This user-friendly design ensures a smooth and efficient eSigning experience for all.


Embracing the Future of eSigning:


The introduction of face authentication marks a significant advancement for Aadhaar eSign, establishing its position as a cutting-edge platform for secure and convenient digital signing. With its enhanced features and user-centric design, Aadhaar eSign empowers individuals and organizations to embrace the future of paperless transactions and unlock the full potential of the digital economy.


This is just the beginning. The integration of face authentication marks an exciting new chapter for Aadhaar eSign. We can expect further innovations and advancements in the future, ensuring a seamless, secure, and accessible eSigning experience for everyone.



For more information contact us.

We, Finahub, are experts in Aadhaar related products and services like eSign, online 

KYC, Authentication, etc. If you want to know how your enterprise can start using it, please give us a call  @ 0484 2388285 or email us at [email protected]


Wednesday, July 12, 2023

Face authentication for doing Aadhaar EKYC

 

UIDAI has introduced a new authentication mechanism for doing Aadhaar EKYC. Face authentication. In which the physical face being scanned for verification and matches the one which was captured at the time of enrolment. As we found this an interesting development in the echo system, we pounced into the opportunity. We have been able to develop an android application that enables a KUA for doing Aadhaar EKYC using face authentication. The success rates were unbelievably high. We have received great response from all our customer banks about implementing face auth in production(Includes SIB, Ujjivan bank etc). Few banks like Kotak have the system in place already.





Currently there are three widely used authentication methods. They are OTP based authentication, fingerprint scan based authentication and iris scan based authentication.


OTP based KYC mode is really a seamless solution that can be done on any user device whether it is a laptop or mobile without the support of any other hardware module. But this solution will only work for customers who have their mobile number linked with the Aadhaar. Unfortunately the number of people that fall into this category is minimal as of now. Another thing to note is that OTP based KYC is considered as minimum KYC not a complete KYC.


Biometric KYC is indeed considered as full KYC. It does have a good amount of success rates also. Presence of an extra hardware module is essential for this mode to work. Either a fingerprint scanner or an iris scanner. This introduces an extra cost of procuring hardware modules for each customer touch point or branch.


UIDAI's newly introduced face authentication mechanism will enable the KUA to get past those limitations. It doesn't require any extra hardware module and it will work for every Aadhaar holder. Only thing required is a camera which is there in every smartphone and tab these days.


As per the press release from Ministry of Electronics & IT, face authentication is gaining a decent enough traction clocking 10.6 million monthly transactions this may. The UIDAI in-house developed solution is being used by few banks other than state and central government departments as of now. Capturing live images makes things hard for attackers trying to intrude using video roleplay and static photo authentication.  



For more information contact us.

We, Finahub, are experts in Aadhaar related products and services like eSign, online 

KYC, Authentication, etc. If you want to know how your enterprise can start using it, please give us a call  @ 0484 2388285 or email us at [email protected]




Tuesday, June 20, 2023

How to Change Your PAN Card Address Using Aadhaar

 



Your PAN card is a vital document that you need for a variety of financial transactions. If you have recently moved, you may need to update your PAN card address. Fortunately, you can now do this easily using your Aadhaar card.

Here are the steps on how to change your PAN card address using Aadhaar:

  1. Go to the UTI Infrastructure Technology and Service Ltd. portal.
  2. Enter your PAN number, Aadhaar number, email ID, mobile number, GSTIN, and address update source.
  3. Click on option one, Aadhaar Base e-KYC Address Update, to update the address with the help of your Aadhaar card.
  4. Enter the captcha and agree to the terms and conditions.
  5. Click on Submit.
  6. A One Time Password (OTP) will be sent to your Aadhaar-linked email ID and mobile number.
  7. Enter the OTP and click on Submit.
  8. Once all the steps are followed, your residential address will be updated as per the details on your Aadhaar Card.
  9. You will receive an email and text about the same on your registered contact details.

Here are some of the benefits of changing your PAN card address using Aadhaar:

  • It is a quick and easy process.
  • You can do it from the comfort of your own home.
  • You do not need to submit any physical documents.
  • You can be sure that your address is updated accurately.

For more information contact us.

We, Finahub, are experts in Aadhaar related products and services like eSign, online 
KYC, Authentication, etc. If you want to know how your enterprise can start using it, please give us a call  @ 0484 2388285 or email us at [email protected]

How Companies Can Save Money on Aadhaar eKYC Service

 


Aadhaar eKYC service is a fast, secure and convenient way to capture KYC information of  customers and it is available for NBFCs and BFSI companies in India. To use this service, service providers need to register with UIDAI as KUA (KYC User Agency) or Sub KUA (Sub KYC User Agency).

KUA is a direct license holder from UIDAI and can access the eKYC service directly. Sub KUA is an entity that has an agreement with a KUA to access the eKYC service through them. Sub KUA pays a fee to the KUA for using the service.

If you are a BFSI (Banking, Financial Services and Insurance) company in India, you may be part of a group of companies that offer various products and services to your customers. For example, you may have a bank, an insurance company, a mutual fund company and a housing finance company under your group.

In such a case, you may want to use Aadhaar eKYC service for all your group companies to streamline your customer verification process and reduce your operational costs. However, registering each of your group companies as KUA can be costly and time-consuming. You will have to pay a license fee, a security deposit and an annual maintenance fee to UIDAI for each KUA registration.

A smarter way to save money on Aadhaar eKYC service is to have one of your group companies as KUA and the rest as Sub KUA under them. This way, you will only pay one license fee, one security deposit and one annual maintenance fee to UIDAI for the KUA registration. The rest of your group companies can access the eKYC service through the KUA by paying a nominal fee per transaction.

This scheme has many advantages for your group companies:

  • You can leverage the existing infrastructure and technical expertise of the KUA for accessing the eKYC service.
  • You can avoid duplication of efforts and resources for registering multiple KUAs with UIDAI.
  • You can reduce your operational costs and increase your profitability by paying less fees for using the eKYC service.
  • You can enhance your customer experience and satisfaction by offering them a seamless and hassle-free verification process using their Aadhaar number.
  • You can comply with the regulatory norms and guidelines for KYC verification using Aadhaar.

To implement this scheme, you will need to follow these steps:

  • Choose one of your group companies that has the highest volume of customer verification transactions as the KUA.
  • Apply for the KUA registration with UIDAI by submitting the required documents and fees.
  • Sign an agreement with UIDAI for accessing the eKYC service as per the terms and conditions.
  • Sign an agreement with each of your group companies that want to become Sub KUAs under you.
  • Provide them with the necessary technical support and training for accessing the eKYC service through you.
  • Monitor and audit their transactions and compliance with UIDAI’s rules and regulations.

By following this scheme, you can save a lot of money on Aadhaar eKYC service and improve your business efficiency and customer satisfaction.

For more information contact us.

We, Finahub, are experts in Aadhaar related products and services like eSign, online 
KYC, Authentication, etc. If you want to know how your enterprise can start using it, please give us a call  @ 0484 2388285 or email us at [email protected]

 

Wednesday, April 12, 2023

UIDAI reduces License fees for eKYC (KUA) services to 5 Lakhs for 2 years. Also offers free preproduction period for New AUA / KUA 's

 


 

The Unique Identification Authority of India (UIDAI) was charging license fees of 20 lakhs for 2 years for Authentication User Agencies (AUAs) and e-KYC User Agencies (KUAs). However, after receiving feedback from entities performing fewer authentication transactions and having a small capital structure, UIDAI has decided to review their license fees and they have reduced it considerably based on transaction counts.

AUAs performing up to 5 lakh transactions per year will be charged Rs. 5 lakh for 2 years, 

AUAs performing from 5 to 20 lakh transactions per year will be charged Rs. 10 Lakhs for 2 years, 

and for AUAs performing more than 20 lakh transactions per year will be charged Rs. 20 Lakhs for 2 years. 

Additionally, newly onboarded AUAs will be granted free access to the pre-production environment for the first three months, but if they fail to move into production within the given time frame they will have to pay the pre-production license fee of Rs. 5 lakh. Furthermore, at the time of subsequent renewal if the entity is found to have performed higher number of transactions, then the differential will be recovered along with interest. This revised license fee policy will come into effect from July 1, 2023.

 

For more information contact us.

We, Finahub, are experts in Aadhaar related products and services like eSign, online 
KYC, Authentication, etc. If you want to know how your enterprise can start using it, please give us a call  @ 0484 2388285 or email us at [email protected]

 

Monday, March 6, 2023

10 Simple Steps You Need to Know to Download Adhaar Using Whatsapp

 Meta Description: Are you confused about how to download Aadhaar via DigiLock services using Whatsapp? Here are all the essential steps you need to follow

image source

Are you scared of misplacing your Aadhaar while travelling or being unable to trace it amidst unorganised files during an emergency? You don't need to worry about it anymore. Accessing your adhaar is simpler now than you ever thought. The Government, in an attempt to make Digilocker services more accessible and hassle-free, has collaborated with the instant messaging app Whatsapp. You can now avail of Digilocker services via WhatsApp to download your adhaar. This article outlines the easy steps to download and avail of the adhaar eKYC service successfully.