Govt eases norms for opening bank account for migrants with Aadhaar KYC
5 years, 2 months ago

Govt eases norms for opening bank account for migrants with Aadhaar KYC

The Hindu  

The government has eased KYC norms for migrants to open bank account by allowing them to give a self-declared local address as sufficient proof of residence in case it is different from one mentioned in Aadhaar document. “The amended PMLR applies only to Aadhaar KYC purposes for opening of bank account and not for the change of Address in Aadhaar card. “If a person has moved residence for purposes of work and needs to use Aadhaar KYC for opening a new bank account or change his bank branch, etc., he can give a self declaration of new address while retaining the original address on his Aadhaar card,” Revenue Secretary Ajay Bhushan Pandey said. The PML Rules amendment makes opening bank account easier for individuals who are living in an address different from their address in Aadhaar, he said, adding that people who submitted Aadhaar card with a different address as KYC at banks can now submit local address by providing a self-declaration. He further said that with this amendment, giving a self-declaration about a local address or any address other than the one on Aadhaar card will be sufficient as address proof to open bank account with Aadhaar KYC.

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History of this topic

Want to change address in Aadhaar without proof? You can now do it in 4 simple steps
3 years, 5 months ago

Want to change address in Aadhaar without proof? You can now do it in 4 simple steps

India Today  

Aadhar is a 12-digit unique number issued by the Unique Identification Authority of India to the residents of India, on behalf of the Government of India. But if you have relocated and want to change your address on your Aadhaar card, without any document proof, you can now easily do it by following four simple steps. According to the official …

Govt eases Aadhaar KYC norms for opening bank account for migrants; allows self-declared local address as proof
5 years, 2 months ago

Govt eases Aadhaar KYC norms for opening bank account for migrants; allows self-declared local address as proof

Firstpost  

The government has eased KYC norms for migrants to open a bank account by allowing them to give a self-declared local address as sufficient proof of residence in case it is different from one mentioned in Aadhaar document New Delhi: The government has eased KYC norms for migrants to open a bank account by allowing them to give a self-declared …

Aadhaar card address mismatch? Banks will accept new address on self-declaration
5 years, 2 months ago

Aadhaar card address mismatch? Banks will accept new address on self-declaration

Live Mint  

Carrying out a change of address on Aadhaar card has become easier now, the government has amended the anti-money laundering rules to allow people to use Aadhaar for identity proof and yet give their current address, other than mentioned in their Aadhaar for a valid know-your-customer requirement. The decision will help migrant workers who have address of their native place …

KYC for opening bank accounts to make process secure: UIDAI
5 years, 4 months ago

KYC for opening bank accounts to make process secure: UIDAI

India TV News  

The recent amendments to anti-money laundering rules allowing voluntary use of Aadhaar for the opening of bank accounts and the modalities of digital KYC for cases where verification is done using other documents like voter ID and driving licence will make the process secure and convenient for users, UIDAI CEO said on Wednesday. The government, last week, had notified amendments …

Banks can use Aadhaar for KYC verification with customer's consent: RBI
5 years, 7 months ago

Banks can use Aadhaar for KYC verification with customer's consent: RBI

Firstpost  

Mumbai: Banks can use Aadhaar for KYC verification with the customer’s consent, the Reserve Bank said Wednesday as it updated its list of documents eligible for identification of individuals. “Banks have been allowed to carry out Aadhaar authentication/ offline-verification of an individual who voluntarily uses his Aadhaar number for identification purpose,” the central bank said in its amended Master Direction …

Banks can use Aadhaar for KYC with customer's consent: RBI
5 years, 7 months ago

Banks can use Aadhaar for KYC with customer's consent: RBI

India TV News  

Banks can use Aadhaar for KYC verification with the customer's consent, the Reserve Bank said Wednesday as it updated its list of documents eligible for identification of individuals. "Banks have been allowed to carry out Aadhaar authentication/ offline-verification of an individual who voluntarily uses his Aadhaar number for identification purpose," the central bank said in its amended Master Direction on …

How to update your Aadhaar address without valid address proof
5 years, 9 months ago

How to update your Aadhaar address without valid address proof

Live Mint  

For those who have migrated to a new city or have changed house recently, getting a residential address proof may be tough. To help citizens facing such problems, the Unique Identification Authority of India is now allowing Aadhaar cardholders to change the address by giving an address validation letter instead of valid address proof of residence. In order to request …

2 cases where banks can still open accounts with Aadhaar card
6 years, 2 months ago

2 cases where banks can still open accounts with Aadhaar card

Live Mint  

New Delhi: After the Supreme Court judgment that restricted all private entities, including banks, against using Aadhaar for customer identification or KYC service, the Unique Identification Authority of India has given clear instructions to all banks that the Aadhaar card cannot be used to open bank account. For getting subsidy into bank account: If you want money from any government …

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