E-kyc

Maharashtra's Ladki Bahin Yojana: Eligibility, e-KYC process explained

State is completing verification checks for scheme that provides Rs 1,500 monthly to eligible women

Ladki Bahin scheme: Maharashtra extends e-KYC deadline in flood-hit areas

Maharashtra minister Aditi Tatkare has said the November deadline for completing e-KYC for the 'Ladki Bahin' scheme will be extended by 15 days for women residing in the flood-affected regions. Significant improvements were being made to the e-KYC server system under the 'Ladki Bahin Yojana' to ensure smoother and faster processing for beneficiaries, the women and child development minister told reporters here on Monday evening. Under the government's flagship 'Mukhyamantri Majhi Ladki Bahin Yojana', eligible women receive Rs 1,500 every month. Tatkare said the government has prioritised resolving the technical issues faced during e-KYC verification, which had slowed down the process in some areas. "Every day, e-KYC verification of around four to five lakh women is being completed. So far, more than 1.10 crore women have successfully finished the process, covering nearly 90 per cent of the total applicants," she said. The administration is committed to ensuring that no eligible wo

Bima Sugam to launch with 2-3 products and e-KYC module by year-end

The ambitious insurance platform will feature an e-KYC module followed by two or three insurance products available for purchase, starting with health insurance and then life insurance

Maharashtra mandates e-KYC for Ladki Bahin beneficiaries, sets deadline

The Maharashtra government has made e-KYC mandatory for beneficiaries of the Mukhyamantri Majhi Ladki Bahin scheme, giving them two months to complete the process. A government resolution (GR) was issued regarding this on Thursday, an official said. The Mukhyamantri Ladki Bahin Yojana provides monthly assistance of Rs 1,500 to women in the age group of 21-65, whose annual family income is not more than Rs 2.5 lakh. Women and Child Development Minister Aditi Tatkare on Thursday said, "An e-KYC facility has been made available on the web portal, 'ladakibahin.maharashtra.gov.in', for all beneficiaries of the scheme. They are requested to complete the e-KYC process in the next two months." This process is simple and convenient, and to maintain transparency in the scheme and ensure regular benefits to eligible women, everyone should complete it, she said in a post on X. This process will also be useful to avail the benefits of other government schemes in the future, Tatkare said. Acco

UIDAI partners with Starlink to enable Aadhaar e-KYC for broadband users

Billionaire Elon Musk-led Starlink will use Aadhaar authentication for customer verification in the country before onboarding them, an official statement said on Wednesday. The government has given approval to Starlink to start providing satellite-based broadband services in the country. "The Unique Identification Authority of India (UIDAI) has onboarded satellite-based internet provider Starlink Satellite Communication Pvt Ltd. Starlink will use Aadhaar Authentication for customer verification, which will make the entire process smooth, secure and very easy," the statement said. Starlink can onboard around 20 lakh customers in India at present capacity, according to an official estimate. "Starlink's onboarding with Aadhaar authentication signifies a powerful synergy: India's trusted digital identity joining hands with global satellite technology. Aadhaar e-KYC will facilitate the onboarding of users seamlessly, ensuring compliance with regulatory requirements while delivering ...

Banks complete re-KYC of over 1.42 mn accounts in first month of campaign

In the first month of the nationwide re-KYC campaign, over 1.42 million bank accounts were re-verified, and thousands of new enrollments were made under various government schemes

Updating your mutual fund KYC? Post offices can now do it for you

Experts believe the tie-up could help resolve long-standing bottlenecks in KYC compliance, particularly in underserved regions

UIDAI to revamp Aadhaar KYC to enhance offline use, cut security risks

UIDAI to revamp offline Aadhaar KYC to boost adoption; users will not need to share Aadhaar number or use OTPs, making the process more secure, private, and easier for fintech firms to adopt

No slips, no forms: Aadhaar e-KYC now live for Post Office RD, PPF

Depositors can open and manage recurring deposit and public provident fund accounts using Aadhaar biometrics

AI-powered Central KYC announced in Budget 2025: Here are key upgrades

The revamped Central KYC aims to simplify and standardise KYC procedures across the financial sector, ensuring greater security and efficiency

Aadhaar-based e-KYC for savings accounts in post offices is now possible

Until the full system enhancements are implemented, customers' consent for e-KYC and specimen signatures will be collected using physical forms

Finance ministry directs major PSBs to fast-track re-KYC verification

Out of 53.9 crore Pradhan Mantri Jan-Dhan Yojana accounts, 11.2 crore are inoperative and 10.5 crore accounts are pending for re-KYC

Govt asks banks to do fresh KYC of PM Jan Dhan accounts due for updation

Financial Services Secretary M Nagaraju on Monday asked banks to carry out fresh KYC (know your customer) process for Jan Dhan accounts which are due for updation. The PMJDY was launched in 2014 and approximately 10.5 crore PMJDY accounts were opened in mission mode during the period from August, 2014 to December 2014. These PMJDY accounts are becoming due for periodic updation or re-KYC now after 10 years. Nagaraju chaired a meeting with all stakeholders for carrying out fresh Know Your Customer (re-KYC) process for the Pradhan Mantri Jan Dhan Yojana (PMJDY) account holders, the finance ministry said in a statement. During the meeting, Nagaraju suggested using all means for doing re-KYC -- such as fingerprints, face recognition, taking declarations where no change in KYC documents occurred -- through all channels like ATM, mobile banking, internet banking, and other available digital channels. Banks should also look forward to implement best practices adopted by other peer banks,

Niti Aayog calls for guidelines, e-KYC to check PMMY applicants background

The government think tank NITI Aayog has pitched for a set of guidelines for assessing the creditworthiness and background verification for those availing loans under the Pradhan Mantri Mudra Yojana (PMMY). The Aayog in a report titled 'Impact Assessment of PMMY' suggested encouraging E-KYC authentication for loan underwriting. This will enhance the effectiveness of assessment checks. "A set of guidelines for assessing the creditworthiness and background verification must be enlisted to provide a security net to the banks, considering the loans are collateral free and a proper risk check and assessment has a critical role to play in the sustainability of results and success of the scheme," it said in the report posted on its website. The majority of borrowers under PMMY are small entrepreneurs who have very limited documents and this makes it difficult for the banks to run verification checks as it requires more staffing and employees. The Aayog also suggested that a proper reward

Economic Survey: DPI brings down KYC costs to Rs 6 from about Rs 1,000

The disclosure on KYC costs comes as the RBI has been cautious about KYC risks and has emphasised well-defined norms for market players

March 31 deadline: Relief for mutual fund investors on re-KYC directive

While investors do not have to redo the KYC, they still have to validate their mobile number/email ID per the KYC records

PM-Kisan 16th instalment: Complete eKYC to receive payment; know how here

PM-Kisan eKYC: To receive the instalments, the farmers must complete their e-KYC. Know how here

RBI gives clarity to 'politically exposed persons' term to meet FATF norms

They are individuals entrusted with prominent public functions by a foreign country, including the heads of states or governments

RBI revises definition of politically-exposed persons for KYC purpose

The Reserve Bank of India (RBI) has changed the definition of Politically-Exposed Persons (PEPs) under its norms, a move that will make it easier for those individuals to carry out various banking transactions, including availing loans. Certain changes have been made in the RBI's Know Your Customer (KYC) norms. The earlier norms pertaining to PEPs were open-ended and there was a lack of clarity on the definition, apparently leading to issues for bankers, parliamentarians and others. There were also concerns in certain quarters that PEPs were finding it difficult to get loans or open bank accounts. In the amended KYC master direction, the central bank defines PEPs as "individuals who are or have been entrusted with prominent public functions by a foreign country, including the heads of states/governments, senior politicians, senior government or judicial or military officers, senior executives of state-owned corporations and important political party officials". The new rules also .

You will be able to get SIM cards without paper forms from January 1

The move is expected to control the cases of SIM fraud and cut the telcos' cost of customer acquisition