How to link your SBI account with Aadhaar card?

Linking SBI Account With Aadhaar: How To Do It?
Today the Aadhaar card is one of the most important of all documents for an Indian citizen to prove his/her identity. The Aadhaar e-KYC has a unique number with 12 digits along with the demographic and biographic details of the individual for identification. The person’s identity can be proved through the process of Aadhaar authentication. This e-KYC is issued by the Unique Identification Authority of India (UIDAI) and is necessary to avail of government subsidies and services.

According to the rules set by the government, it is now mandatory for all to link their Aadhaar cards to their SBI savings account. Unless you do so the account holders will be prevented from making all transactions including cash deposits, transfer of fund, withdrawing cash, and updating your passbook.

Different Methods Of Linking Aadhaar To SBI Bank Accounts

Given below are some of the ways by which the SBI allows an account holder to link their Aadhaar to their bank accounts.

Internet Banking

A registered internet banking user can link their accounts to their Aadhaar through the internet banking facility.

• Log on to the official website of SBI.
• Login to your account for internet banking.
• Select the ‘e-Services’ option.
• Click on the icon to update your Aadhaar with the SBI account (CIF).
• Enter the password and select the submit button.
• From the drop-down options select CIF number.
• Aadhaar number has to be entered twice.
• Select the ‘Submit ‘option.
• Your Aadhaar is now linked and you get a confirmation.

Online Linking

Those who do not have internet banking can try the online linking option.

• Log in to the online website of SBI (www.onlinesbi.com).
• Click on the Aadhaar linking option.
• Select the option to update Aadhaar with the SBI account.
• Type in your account number.
• Enter security text.
• Type in your Aadhaar number (confirm it).
• Select the 'Submit' icon.
• Aadhaar is linked and you get a confirmation.

An ATM

You can use an SBI ATM to link your Aadhaar to your bank account.

• Go to an SBI ATM.
• Insert your card and type your PIN.
• Click on the option for registration of service.
• Select the option ‘Aadhaar registration’.
• Select your account type.
• Type in your Aadhaar card number and confirm it.
• Banks accepts the request and links Aadhaar to your SBI account.

SBI Mobile App

Aadhaar can be linked to your bank account using the SBI mobile app.

• Select the ‘requests’ option on SBI APP.
• Click the ‘Aadhaar’ option and select the option to link Aadhaar.
• From the drop-down button select CIF number.
• Type in Aadhaar number and confirm it.
• Select ‘Submit’.
• The Aadhaar gets linked to your SBI account.

An SMS

Aadhaar can be linked through an SMS. Your mobile number must be linked to your account.

• Send an SMS to 567676.
• UID<Space><Aadhaar Card Number><Bank Account Number>
• Once done you’ll get a message confirming it.

Offline

You can visit your SBI branch and link the account in person.

• Fill and sign the Aadhaar application form.
• Attach the original copy of your Aadhaar that is self-attested.
• For verification carry your original Aadhaar ID.
• Once registered you get a receipt.
• SBI account gets linked to your Aadhaar.

Make sure you link your Aadhaar to your bank account before SBI debars your bank transactions. You can choose one of the above-mentioned ways that work best for you.

For more information contact us.
We, Finahub, are experts in Aadhaar related products and services like eSign, eKYC, 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 to Lock Aadhaar Biometric Data Online?

Aadhaar Biometric Data: How To Lock It Online?
Considered to be one of the most credible of all governmental documents, the Aadhaar card serves as an individual’s proof of identity. The Aadhaar, issued by the UIDAI, is also used as proof of address for an Indian citizen. Aadhaar comes with a unique 12 digit number. Besides, it also has biometric data and the demographic details of the individual. Verification of the individual’s identity can be carried out easily through the process of Aadhaar authentication.

How Aadhaar enabled payment system helps in financial inclusion?

Aadhaar Enabled Payment System (AEPS) And Financial Inclusion
Financial discrimination has always been part of Indian society. There are several households and individuals in India belonging to the underprivileged sections who do not have access even to the financial services that are basic. Lack of proper income and savings, illiteracy and lack of knowledge regarding finance are some of the reasons that have contributed towards these situations. They do not have access to credit facilities offered by the banks/ NBFCs and have to rely on informal and unorganized forms of credit. As a result, there are many who get cheated by the upper-class sections.

Aadhaar-enabled biometric attendance system for Health Department staff.

Aadhaar Enabled Biometric Attendance System (AEBAS) For The Department Of Health
The Department of Health Care is one of the fastest-growing among all the governmental departments in India. The health care professionals have to work with utmost dedication to ensure that the patients receive quick attention and good care. However, it is not always so. The Health Department regularly receives several complaints regarding the governmental doctors and other health care professionals for reporting late or remaining absent. The health department has recently introduced the Aadhaar Enabled Biometric Attendance System (AEBAS) to put an end to these practices completely. The AEBAS equipment is being installed in all the government-run hospitals and health care centers to monitor staff-attendance.

NRIs can now apply for Aadhaar on arrival without the 182-day wait.

Aadhaar Card For NRIs: 182 Days Waiting Period No Longer Necessary.

All residents in India are considered eligible to apply for an Aadhaar card. This is stated in the Aadhaar Act of 2016. To be considered a resident the individual must have lived in India for 182 days in the year preceding the date of applying for an Aadhaar card. This means NRIs who have lived in India for at least 182 days during the previous year can apply for an Aadhaar e-KYC.  According to a new notification issued by the Indian government, the NRIs can apply for an Aadhaar card on arrival. The 182 days waiting period is no longer mandatory.

Aadhaar Made Mandatory For EPF E-Nomination.

Employees’ Provident Fund (EPF) E-Nomination: Aadhaar Is Mandatory Now.
Every account holder of the EPF (Employees' Provident Fund) needs to add a nominee. This is to ensure that the nominee can claim the money easily in case the account holder passes away unexpectedly. The nominee is usually a close family member of the account holder. An e-nomination facility has been launched recently by the EPFO (Employees’ Provident Fund Organization). This was announced in a circular released by the EPFO on the 12th of September 2019. The EPFO has made it mandatory for the EPF account holders to link their Aadhaar to their accounts. Besides, the EPF has also made it compulsory to add the Aadhaar number of the nominee.

New law needed for Aadhaar-social media linkage: UIDAI.

Linking Aadhaar Card And Social Media: UIDAI Says New Law Required

Considered as one of the most important documents to prove the identity of an Indian citizen, the Aadhaar card is issued by the UIDAI or the Unique Identification Authority of India. The Aadhaar e-KYC has a unique 12 digit number for identification. Besides, this e-KYC also contains the biometric and demographic information of an individual. An individual's Aadhaar card contains personal information like name, age, date of birth and address and also a QR code that can be digitally scanned. Verification of a person’s identity has become much easier and simple since the launch of Aadhaar cards.

UIDAI nod to 'voluntary' use of Aadhaar for National Population Register roll out.

National Population Register: UIDAI Approves “Voluntary” Use Of Aadhaar Number
In India, the Aadhaar card is considered to be one of the most important of all documents that prove the identity of a citizen living in this country. The card is issued by the Unique Identification Authority of India (UIDAI) and each card has a unique identification number. The Aadhaar card also contains both demographic and biometric information of the individual.

How to Change Address on Aadhaar Card Online and Offline?

Aadhaar Card Address Updation: Online And Offline
Issued by the UIDAI (Unique Identification Authority of India), the Aadhaar card contains an individual’s biometric information and personal details like name, date of birth and address along with a unique identification number that has 12 digits. Through the process of Aadhaar authentication, the identity of the person can be proved.  The identity of the individual gets verified and confirmed by submitting his/her biometric and personal information with the UIDAI.

How to file Aadhaar related complaints?

Aadhaar: How To File Complaints?

Issued by the UIDAI (Unique Identification Authority of India) Aadhaar card is one of the most important documents that serve as proof of identity for an Indian citizen. It is a unique number for identification. Aadhaar card contains an individual's biometric information as well as demographic details. This card acts as a base for the Indian government to provide services for the welfare of its citizens.

Aadhaar based KYC for effortless Mutual Fund deals.

Know Your Customer, commonly referred to as KYC, is the process of identifying a customer. It is compulsory now for financial agencies including mutual fund organizations to know who their customers are. The guidelines were established based on the Act of 2002 for the Prevention of Money Laundering. Through the process of Know Your Customer, eliminating unacceptable dealings and laundering of money has been made possible.

What is Aadhaar Virtual ID? What are its features?

Several cases have been reported all over India regarding the leakage of Aadhaar Card data and misuse of personal information. As a result, the Aadhaar holders in India have been expressing their concerns over the security of Aadhaar cards and their details provided in it. The concerns raised by the Aadhaar holders have been taken into consideration by the UIDAI (Unique Identification Authority of India) and they've come up with a possible solution. To increase the security of data provided in the Aadhaar e-KYC a new and unique feature has been introduced.  The new level of security introduced by the UIDAI is referred to as the Aadhaar Virtual ID or the VID.

NBFCs receive permission to use Aadhaar-based bank KYC to give loans.

Loans From Non-Banking Financial Companies: Permissions Granted To NBFCs To Use KYC Mandated By Banks Using Aadhaar For Sanctioning Loans

There are times when people have some urgent requirement for some extra cash. This financial crisis could be due to a medical emergency, an outstanding loan, or the educational requirements of children. Whatever the reason may be, the quickest way to avail the required money would be to apply for a loan through a bank or a Non-Banking Financial Company (NBFC).

How to verify Income Tax Return (ITR) via Aadhaar-based OTP?

The financial year in India begins on the 1st of April and ends on the 31st of March every year. The deadline for filing for tax returns in India is usually on the 31st of July. However, the government could choose to extend the date by a month or more. Once you’ve uploaded your Income Tax Returns on the e-filing website you are required to verify it. Only then can your tax returns be considered valid. You are given a maximum of 120 days to verify the IT returns.

Aadhaar Amendment Centre demands to reopen of grants.

Almost every Indian has an Aadhaar card today. However, not all Aadhaar cards have current and correct information. For the system to be efficient, it is important for Indian citizens to be able to update their Aadhaar card details and make corrections if needed. Recognizing this need, the district administration appealed to the Department of Rural Development and Panchayat Raj to reopen Aadhaar correctional centers in village panchayats. However, there has been no response as of yet.

How to link Aadhaar card with IRCTC account?

Linking Aadhaar Card With Your IRCTC Account: A Step by Step Guide 

A person is allowed to book up to 6 train tickets at the ticket booking counters of the Indian Railways, or the railway reservation offices or on the IRCTC website every month. If you are a registered user of IRCTC (Indian Railways Catering and Tourism Corporation) you can book your train tickets online without having to leave your home or your office.

GRP to ask the government to help identify mishap victims using Aadhaar.

The fatalities and injuries related to accidents are on the rise in our modern-day world. The deaths due to road accidents and railway accidents are quite high in India. Even though the fatalities caused by road traffic accidents overtakes railway fatalities, the number of railway fatalities do remain quite high. This is because India occupies the top position when it comes to the largest network of railway offering the basic mode of transportation for freight and passengers. 

How to put a request on UIDAI website for Aadhaar card re-print?

A Step By Step Process Of Requesting An Aadhaar Card Re-Print Online 

Misplaced your Aadhaar e-KYC card? No longer do you have to worry about it. The UIDAI has started an online service of Aadhaar e-KYC card re-print since the 1st of December 2018. This new service launched by the UIDAI (Unique Identification Authority of India) allows people to apply for a reprint of Aadhaar card after paying a nominal fee. This service will be beneficial for those people who have lost or misplaced their Aadhaar card.

Soon, update Aadhaar, PAN at airports and railway stations.

Aadhaar e-KYC Card and PAN Card updation help in making changes and corrections to the details provided in an individual's Aadhaar Card and PAN Card. A change or correction in the card holder's name, age, date of birth, name of parent/spouse, and address can be done through updation. With no sufficient amount of Common Services Centres (CSC), the process of updation of these cards could be quite time-consuming. Considering this difficulty, the Government of India has decided to open several CSC's at Post Offices, Railway Stations and Airports all across the country to update PAN cards and Aadhaar Cards. Updation of e-KYCs will be made much easier once these CSC's are set up. 

How to get duplicate Aadhaar card online?

Lost Your Aadhaar Card? How To Apply For A Duplicate Aadhaar Card Online?

Run by the UIDAI (Unique Identity Authority of India) the Aadhaar card was introduced in the year 2009 by the Government of India for its citizens. The Aadhaar e-KYC card is issued after a biometrical scan of the individual (fingerprints scan and retina scan) and each card has a unique 12 digit number. The card also includes the name, date of birth and the address of the individual and a QR code that can be scanned digitally. Aadhaar authentication helps in proving your identity/ ownership of Aadhaar using verification of fingerprint, verification of iris or by verification using an OTP.

RBI May Soon Release Video KYC Norms For Financial Services Firms.

Did you ever have to re-schedule your day for an in-person verification of your identity by a financial services firm? Have you ever feared the misuse of your Aadhaar card details required by a representative of a mobile wallet company? Did you ever have to wait for too long for Aadhaar authentication-based onboarding as a customer for a fin-tech service because you couldn’t take out the time to be available at your address for KYC formalities? 

UIDAI sets up first Aadhaar centers in Delhi and Vijayawada.

The Unique Identification Authority of India (UIDAI) established under the Ministry of Electronics and Information Technology, the Government of India was created with the objective to issue ‘Unique Identification Numbers’ called ‘Aadhaar’ to the residents of India. Such an identification number is meant to be easily verifiable and robust enough to rule out the possibilities of fake or duplicate identities.

How to generate an offline Aadhaar card?

Biometrics and demographic data-based 12-digit unique identity number, the Aadhaar is said to be the world’s largest biometric ID system. Considered a proof of residence in India, but not of Indian citizenship, the Aadhar card consists of an individual’s personal details such as the name, address, date of birth, registered mobile number and e-mail address along with the biometrics. 

The Aadhaar Bill – Everything You Must Know.

In early July 2019, the Rajya Sabha passed an amendment on the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) bill that made its use voluntary for the opening of new bank accounts and mobile phone connections. With this amendment, the bill complies with the Supreme Court order and the ordinances put in place over the use of the Aadhaar card have been replaced. Let us find out more about the new Aadhaar Bill.

What Is The Aadhaar Bill?

The Aadhaar bill was first introduced to the Indian Parliament in 2016. It is a money bill that aims at providing legal backing and legislative support for the Aadhaar unique identification number project. Most of the bill’s provisions were borrowed from the National Identification Authority of India Bill, 2010. 

Legal Issues That Made the SC Step In

The main legal issues which made the Supreme Court step in were:

1. Privacy

People opposing the bill argued that the extent of data about an individual collected by the Aadhaar bill interfered with the fundamental right to privacy as mentioned by Article 21 in the Constitution.

2. Mandatory vs Voluntary

The opposition raised questions about how the Aadhaar could be made mandatory for government services and benefits that citizens were entitled to. In 2015, an interim order was passed stating that the Aadhaar would not be mandatory to government services and could be used for only 7 schemes.

3. Linking Aadhaar with PAN

After it was made mandatory to mention the Aadhaar number while filing tax returns and applying for a new PAN number a petition was made arguing that it interfered with an individual’s fundamental rights to equality and the right to practice any trade or profession.

4. Money Bill

Questions were raised as to how the Aadhaar Act qualified as a Money Bill since it did not contain any provisions related to Government expenditure and taxation. 

Amended Bill – Highlights 

The Aadhaar and Other Laws (Amendment) Bill, 2019 was introduced on June 24th and passed on July 4th by the Lok Sabha and on July 8th by the Rajya Sabha. Some of the salient points of this Bill were:

1. Offline verification of Aadhaar number holder: The bill allows for offline verification of a person’s identity through modes specified by the Unique Identification Authority of India (UIDAI) by agencies after:

• obtaining the individual’s consent.
• informing them of alternatives to sharing information.
• not collecting, using or storing Aadhaar number or biometric information. 

2. Voluntary use: Aadhaar eKYC has been made voluntary as a form of establishing an identity for offline verification or authentication. Individuals can get a new mobile phone connection and open bank accounts even if they do not have an Aadhaar number. 

3. Entities using Aadhaar: Entities may be allowed to authenticate identity through Aadhaar only if the UIDAI is satisfied that it:

• Complies with specified standards of security and privacy.
• Is permitted by law.
• Seeks Aadhaar authentication in the interest of the state and for a purpose specified by the central government.

4. Aadhaar number of children: The consent of a parent or guardian is needed when a child is enrolled with an Aadhaar number and the child may choose to cancel the Aadhaar on reaching the age of 18 years.

5. Complaints: Individuals may register complaints in cases such as the disclosure of identity and impersonation. Earlier, courts could take cognizance of an offense only if the UIDAI registered a complaint.

6. Penalties: Violating provisions on Aadhaar authentication eKYC data can attract a penalty of as much as Rs1 crore and jail time.

For more information contact us.

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

Finaura Gold Loan Survey Results

Finaura Gold Loan Survey Results

Last week we had conducted a survey to know how gold loan was being used by the general public. We are in the process of launching a mobile-based gold loan aggregator product called Finaura. The survey was done to give us a better understanding of the user base. Finaura enables the users to find easy gold loans from gold loan branches located near them.

We had launched the survey using Google Forms which is free service with no limitation on the number of survey participants. The survey was published on our blog and on our Facebook Page. We had also published the survey on all WhatsApp groups we had access to. We even ran a week-long FB campaign but it was only moderately successful.

Given below are the results of the survey.

Finaura product survey

Finaura is gold loan aggregator solution developed by Finahub that will feature a partner network of major gold loan companies and banks. The application will capture the gold loan product and branch location information of our partners to enable our customers to find the most suitable gold loan solution available in gold loan branches near them. The service will be free for the end user.

We are doing an online survey to help us build a product that is useful to all. Your participation will go a long way in helping us build a product that is useful to you. You can find the survey embedded below.

The Union Cabinet approved the Aadhaar amendment bill.

Cabinet has passed an ordinance that brings back the use of Aadhaar by private companies on a voluntary basis. The bill is in the context of the Supreme Court ruling on Aadhaar Act, where the ruling said that Aadhaar should be used only for government entities. It struck down the clause in Aadhaar Act that allowed Aadhaar to use by private firms including banks and telecom operators.

Parliament amends Aadhaar Act to aid legitimate use of Aadhaar by private companies

With the amendment of Aadhaar Act, the Indian government is ensuring the continued use of Aadhaar by private banking and telecom companies in accordance with the Supreme Court ruling which upheld the legal validity of Aadhaar. To this end, the government has proposed a series of amendments to the Aadhaar Targeted Delivery of Financial and Other Subsidies, Benefits and Services Act of 2016, the Telegraph Act of 1885 & the Prevention of Money Laundering Act of 2002.           

Advantages of Aadhaar paperless offline eKYC.

Recently UIDAI has launched Aadhaar Paperless Offline e-KYC to freely use it for sharing address proof and ID proof data while keeping secrecy, safety, and inclusion. It is an offline method for identity verification where verification can be done without sharing biometrics or even Aadhaar number. This method also enables determination for Aadhaar related information you want to give for identification purposes. There are two ways to do offline Aadhaar verification. 1) By using the QR code on the Aadhaar card, 2)Via Paperless local e-KYC. The Paperless local e-KYC includes the creation of a digitally signed XML which can be saved in PCs and mobile phone.