Be it for customer onboarding by banks and other financial institutions, for opening a loan account, making investments in share markets, receiving subsidies from the government or other governmental benefits, the Aadhaar card is mandatory to receive services from the government as well as from private establishments. This means the details on your Aadhaar must be free of errors and has to be regularly updated if there has been a change of address or any other information stored on it.
Aadhaar issued by the UIDAI (Unique Identification Authority of India) serves as the most important document for identification for an individual living in India. Aadhaar contains a 12 digit unique number for identification along with the demographic and biometric details of the individual. Aadhaar eKYC is done to prove the individual’s identity. Today eKYC done through Aadhaar authentication is one of the most important steps in customer onboarding/ identification, and to avail benefits and subsidies from the government.