Allahabad Bank starts registration for Aadhaar

State-owned Allahabad Bank has launched enrolment for Unique Identification Number Aadhaar project of UIDAI.

Enrolment forms for UID of 100 customers of the bank were also obtained last week, Allahabad Bank said in a statement.

The KYC (Know Your Customer) norms of the bank will be much liberalised for the poor people under financial inclusion plan and the Aadhaar will be of great help for the bank in fulfillment of KYC norms, it said.

Through Aadhar project, the Kolkata-based bank intends to cover 3 crore residents, including its 2.48 crore customers, 22,000 staff members and other residents in phases.

Under bank's financial inclusion Plan, it aims to reach out to the un-banked areas for delivery of all financial services at an affordable cost to increase its presence in 18,167 villages. Of these 2,618 villages are with population of 2,000 and above to be covered by March, 2012 and 15,549 villages with population of less than 2,000 to be covered by March, 2014.