Aadhar Card E KYC Service
The Unique Identification Authority of India (UIDAI) has been established with the mandate of providing a Unique Identification Number (Aadhaar) to all residents of India. Aadhaar Card will act as major identification proof. Now Aadhaar card will also be used to provide the service of online authentication of identity on the basis of demographic and bio metric data.
Now the new functionality that has been introduced is electronic know you customer (E KYC) e, through which the KYC process can be performed electronically. This feature will soon be integrated with bank and all other sector where KYC is mandatory and data will be provided directly UIDAI database. This will act as Verification of the Proof of Identity and Proof of Address.
Services that would be using this feature can be categorized as follows
- Financial products (payment products, bank accounts, insurance products, market products, etc.)
- SIM cards for mobile telephony
- Access to various Central, State, and Local Government services
The Aadhaar e-KYC will provides a convenient mechanism for all the above services to offer an electronic, paper-less KYC experience to Aadhaar card holders. The e-KYC service will provides simplicity to the resident, while providing cost-savings from managing and processing paper documents. If you still not applied for aadhaar card then please do it soon as it would become a major identity and mandatory proof for each of us.