Soon banks and others may ask you to pay Rs 20 for full Aadhaar eKYC, 50 paisa for Yes and No authentication
5 years, 10 months ago

Soon banks and others may ask you to pay Rs 20 for full Aadhaar eKYC, 50 paisa for Yes and No authentication

India Today  

The UIDAI, which looks after Aadhaar project, has issued a circular mandating that private companies using Aadhaar for the eKYC will have to pay up to Rs 20 for each authentication they carry out using Aadhaar. In a notification issued on March 7, the UIDAI that looks after Aadhaar project has mandated that private companies using Aadhaar eKYC must pay for it. The notification specifies that private companies like private banks, payment apps like Paytm, telecom companies like Airtel and Vodafone and any other private entity using Aadhaar-based eKYC will have to pay for it. In case a private body refuses to pay for the Aadhaar transaction, "it shall discontinue the use of Aadhaar authentication services and intimate its decision to the UIDAI immediately."

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History of this topic

Aadhaar authentication surges with 1.96 billion transactions in April 2023, indicating digital economy expansion
1 year, 7 months ago

Aadhaar authentication surges with 1.96 billion transactions in April 2023, indicating digital economy expansion

Live Mint  

New Delhi: Aadhaar holders have executed 1.96 billion authentication transactions in April 2023, underlining the growing usage of Aadhaar and growth of digital economy in the country, according to an official release. “Aadhaar holders executed 1.96 billion authentication transactions in April 2023, a jump of more than 19.3 per cent over April 2022, indicating the growth of digital economy and …

Aadhaar e-KYC transactions go up by 7.7% to 25.25 crore in September: Govt
2 years, 2 months ago

Aadhaar e-KYC transactions go up by 7.7% to 25.25 crore in September: Govt

Hindustan Times  

The number of e-KYC transactions executed using Aadhaar surged to 25.25 crore in September, registering a growth of 7.7% as compared to August, according to data released by the Ministry of Electronics and IT on Tuesday. The cumulative number of e-KYC transactions via Aadhaar so far has increased to 1297.93 crore by the end of September, the government data showed. …

Is RBI nod for eKYC a step towards its total revival?
5 years, 7 months ago

Is RBI nod for eKYC a step towards its total revival?

Live Mint  

You will soon be able to open a bank account instantly, if you are willing to use the Aadhaar-based eKYC process. This will enable banks to open instant bank accounts using eKYC based on Aadhaar authentication through the OTP mode. What it means for you Banking customers: Before the Supreme Court judgment on Aadhaar in September 2018, banks were using …

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 …

Businesses need to pay up to ₹20 for using Aadhaar services
5 years, 10 months ago

Businesses need to pay up to ₹20 for using Aadhaar services

The Hindu  

Business organisations will now need to shell out ₹20 for each customer verification and 50 paise for authentication of each transaction done using Aadhaar, according to a notification by the Unique Identification Authority of India. “Aadhaar authentication services shall be charged at the rate of ₹20 for each e-KYC transaction and ₹0.50 for each Yes/No authentication transaction from requesting entities,” …

Businesses need to pay up to ₹20 for using Aadhaar services
5 years, 10 months ago

Businesses need to pay up to ₹20 for using Aadhaar services

Live Mint  

Business organisations using Aadhaar services will now have to pay ₹20 for each customer verification and 50 paise for authentication of each transaction carried out by the entities, the Unique Identification Authority of India said Thursday. "Aadhaar authentication services shall be charged at the rate of ₹20 for each e-KYC transaction and ₹0.50 for each Yes and No authentication transaction …

UIDAI asks banks to use Aadhaar e-KYC for DBT users
6 years, 2 months ago

UIDAI asks banks to use Aadhaar e-KYC for DBT users

Live Mint  

New Delhi: The Unique Identification Authority of India has said that Aadhaar e-KYC can be used to authenticate beneficiaries of government subsidies and welfare schemes, while for others the Aadhaar card can be used for verification, said a senior UIDAI official, requesting anonymity. The UIDAI wrote to banks after it received legal opinion on the matter, in the wake of …

Aadhaar no longer binding, but instant e-KYC uncertain
6 years, 3 months ago

Aadhaar no longer binding, but instant e-KYC uncertain

Live Mint  

After several months of confusion, the Supreme Court last week clarified on use of Aadhaar. For instance, banks had started opening bank accounts through apps, based on Aadhaar KYC—an individual could open these accounts on their own, and upgrade them to a full KYC-compliant account later. The Supreme Court declared the portion of Section 57 of the Aadhaar Act that …

UIDAI relaxes Aadhaar enrolment targets for banks
6 years, 4 months ago

UIDAI relaxes Aadhaar enrolment targets for banks

Live Mint  

New Delhi:In a breather to banks, the UIDAI today extended till November 1 the deadline for banks for minimum Aadhaar enrolments and updations in identified branches, according to a communication sent to banks. On June 1, the UIDAI had said that stipulated bank branches with Aadhaar facility will have to ensure at least eight enrolments or updations in each branch …

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