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 [email protected]
An information sheet also needs to be filled. The details are below.
INFORMATION SHEET
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Sr. No. |
Particulars |
Details |
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1 |
Name of the Non-Bank Regulated Entity |
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2 |
Type of entity (NBFC / Payment System Provider/ Payment System Participant) |
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3 |
Date of registration with RBI |
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4 |
RBI Registration/Licence Number |
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5 |
PAN Number |
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6 |
GST Number |
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7 |
Address of registered office |
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8 |
Address for correspondence |
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9 |
Name and contact details (email, telephone) of contact person |
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10 |
Net Owned Funds as on March 31 of previous financial year |
Rs. crore |
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11 |
Number of years of operation as on March 31 of previous financial year |
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12 |
Number of customers at the end of last 3 Financial Years |
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FY |
Number of customers |
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13 |
Processes currently being used for establishing the identity of customers (e.g. certified copy of Officially Valid Documents, Offline verification etc.) |
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14 |
Attach copy of Board/sub-Committee of the Board Resolution adopted for this purpose i.e. for application for e-KYC licence |
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15 |
Name and contact details of Principal Officer |
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16 |
a) Indicate the date when the last off-site return was filed to the RBI |
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b) Whether this was filed within the stipulated timeframe |
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c) Whether entity has been regular in filing of these returns. If no, indicate the reasons thereof |
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17 |
a) Indicate the date when the last return to Registrar of Companies (RoC) was filed/e-filed |
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b) Whether this was filed within the stipulated timeframe |
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c) Whether entity has been regular in filing of these returns. If no, indicate the reasons thereof |
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18 |
Details of incidents of data breach including cyber security breach, if any, in the last 3 years |
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19 |
Whether any penal action has been taken by the RBI / SEBI in the last three years against the applicant. If so, furnish details including status of the proceedings and whether the penalty has been paid. |
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20 |
Whether entity is meeting the standards of complying with the Data Security Regulations 2016 of UIDAI and other related guidance / circular |
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issued by UIDAI from time to time with regard to the Privacy and security Norms. |
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21 |
Any other observation / Self Disclosures by the entity |
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