Impact of Aadhaar on Indian economy

 

Issued by the UIDAI (Unique Identification Authority of India) the Aadhaar serves as a proof of Identity and address for any Indian citizen/resident living anywhere in India. The unique 12-digit number helps in establishing the identity of each individual living in the country. 

Aadhaar online KYC helps in establishing the identity of the individual. The agencies can verify the identity of the beneficiaries and customers while delivering the benefits/services to them as well as while onboarding new customers. Aadhaar eKYC online services help in preventing the misuse of the services and benefits provided to the individuals. By using Aadhaar as their proof of identity the beneficiaries get the benefits and subsidies directly in an effortless manner.

UIDAI Reduces charges for Aadhaar Online KYC and why it matters

 

The UIDAI (Unique Identification Authority of India) has recently cut down the charges for Aadhaar authentication. Based on a circular issued by the UIDAI the fee for each instance of Aadhaar based authentication has been reduced from Rs. 20 to Rs. 3.00.

Issued by the UIDAI the Aadhaar is one of the most important of all documents in establishing the identity of an Indian citizen or an Indian resident. Aadhaar authentication can be done in few minutes by making use of the Aadhaar eKYC online services. This is the most reliable and cost-effective solution when it comes to onboarding new clients/customers.

EKYC is back - Details on RBI circular on Aadhaar EKYC for NBFCs

 

It was a much awaited news for all the NBFC's in India. RBI now allows NBFCs to use Aadhaar EKYC service. A new circular with number RBI/2021-22/98 DOR.AML.REC 48/14.01.001/2021-22 was issued on 13th September 2021 inviting application for Aadhaar EKYC license. 

As per the circular Non-Banking Finance Companies (NBFCs), Payment System
Providers and Payment System Participants who wants Aadhaar
Authentication  License  -  KYC  User  Agency  (KUA)  License  or  sub-KUA  License  (to  
perform  authentication  through  a  KUA),  issued  by  the  UIDAI,  can submit  their  
application to Department of Regulation Business Conduct Group in RBI for onward submission to UIDAI.

 The address to which application needs to be submitted is as below

The Chief General Manager-in-Charge Department of Regulation
Business Conduct Group
Reserve Bank of India, Central Office 12th Floor, Central Office Building Shahid Bhagat Singh Marg, Fort Mumbai-400 001 

The applications can also be forwarded over email to cgmaml@rbi.org.in

Link SBI Bank Account with Aadhaar Card to Get Govt Subsidies

If you have an account with the State Bank of India (SBI) and receive benefits or subsidies from the government, you will need to link your bank account with your Aadhaar number. This is mandatory for anyone receiving a Direct Bank Transfer (DBT). This includes subsidies on LPG cylinders, student scholarships and benefits offered by the National Child Labour Project. There are a total of 74 schemes under DBT.

Central Govt to Launch Unique ID Number for All Plots of Land by 2022

In yet another effort to digitize services and improve transparency, the government of India plans on issuing a 14-digit identification number to every plot of land in the country. The record database will then be integrated into the bank and revenue records. Landowners may also volunteer to link the number to their Aadhaar number for eKyc. The government plans on completing the process within a year.

Download your Aadhaar Card through face authentication - know simple steps here!

The Aadhaar scheme in India is currently the most popular and the biggest biometrics-based scheme for identification in the world. This identity program has now empowered our government to successfully distribute several services, benefits, and subsidies to its citizens and residents using their Aadhaar number. 

Know how to get a new Aadhaar Card by sitting at home!

The Aadhaar serves as the most important of all documents to prove the identity of a person living in India. Aadhaar based online KYC is now mandatory to avail many services including governmental services, to open a bank account, to take a new SIM card, to buy a property, to invest in share markets, and for the verification of Income Tax returns.

Last date to link Aadhaar with PAN card extended to June 30

The Central Government of India has extended the last date for linking the Aadhaar card with PAN.  The final date has been extended from the 31st of March 2021 to the 30th of June 2021. Several struggles that have arisen out of the COVID 19 pandemic have forced the government to further extend this deadline.  

How to link your driving licence with Aadhaar card?

Within a span of a few years, the Aadhaar card issued by the UIDAI (Unique Identification Authority of India) has become one of the most important of all documents for identification for an Indian citizen/resident. Aadhaar based online KYC is done using Aadhaar authentication to establish the identity of the individual in real-time.  

How To Check Aadhaar Authentication History Online?

Whether you plan to buy a property, open a loan account, take a new phone/mobile connection, or enter in a legal contract/agreement in India the first thing that will be asked of you is your Aadhaar ID. Aadhaar online KYC is one of the most important steps carried out to prove the identity of the individual living in India. 

How to order Aadhaar PVC Card online?

You can now get your Aadhaar reprinted as a PVC card (Poly Vinyl Chloride Card) and you can carry it around easily as you would carry your Debit Card or an ATM card. The UIDAI (Unique Identification Authority of India) has now permitted the Aadhaar holders to do so. 

How to change photo in Aadhaar Card?

Issued by the Unique Identification Authority of India (UIDAI), the Aadhaar card is one of the most important of all documents that serve as proof of identity for an Indian citizen/resident. The Aadhaar contains a unique 12-digit number for identification along with the photograph, personal details, biometric information, and the demographic details of the Aadhaar holder. This means your Aadhaar must be free from errors and the information stored needs to be updated whenever there is a requirement. 

GSTN now brings you new Aadhaar Authentication facility on GST Portal

On the 23rd of March 2020, a notification was issued by the CBIC (Central Board of Indirect Tax and Customs) making Aadhaar authentication mandatory for registration of GST (Goods and Service Tax). This came into effect from the 1st of April 2020. 

How to book appointment to avail Aadhaar services?

Aadhaar is a unique 12 digit number for identification issued for Indian citizens and residents. This document also contains the biometric information and the demographic details of the individual. Issued by the Unique Identification Authority of India (UIDAI), the document can be used to prove the identity of an individual in the country.