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
