Business Standard

Aadhar-based online verification facility for mobile connections

Related News

Those with ‘Aadhar’ numbers issued by the Unique Identification Authority of India (UIDAI) would soon be able to benefit from the while seeking mobile connections.

Companies would use the online service to fulfil the requirements of KYC (know your customer) norms with the help of ‘Aadhar’ information. The is launching a pilot project in Delhi and a few other cities with the Department of Telecom (DoT) to test this facility and also expand it to other areas. records, associated with an individual’s identity and address, has been approved for completion of by the telecom companies.

The authority is currently working on three other pilot projects for providing online facilities based on Aadhar records. Under a pilot project in Tumkur district of Karnataka, three banks are working on opening accounts with Aadhar information as fulfilment of KYC norms.

Another pilot project is being conducted with the help of ministry of petroleum and natural gas, and oil marketing companies for providing LPG connections to Aadhar card holders. A pilot project is also being run in Jharkhand for payments to beneficiaries.

These pilot projects are expected to turn Aadhar into a quick mode for verification in the delivery of services in banking, telecom, and others.

Read more on:   
|
|
|
|
|
|

Read More

Going out of Citi Suvidha? Keep higher balance

Citi India’s ‘Suvidha’ salary account holders will need to maintain a monthly net relationship value of Rs 1 lakh if their salary is no longer ...

Quick Links

More news from Finance Rss icon

Forex reserves rise to $317 bn

The country's foreign exchange reserves rose to $316.83 billion as of December 12, compared with $314.66 billion a week earlier, the Reserve ...

Life insurers seek separate tax deduction limit of Rs 1.5 lakh

It will encourage long-term savings and help incremental flows come into life insurance sector, says LIC

Organ donation now part of larger health policies

With organ transplants gaining popularity, insurers are now offering to cover expenses

Back to Top