Aadhaar Card Blog

The Reserve Bank of India has informed all the banks that they can now use Aadhaar KYC Verification if the customer gives consent. Later on, the Central Bank has listed Aadhaar as a valid document for identification of customer or for KYC. Banks now allowed to carry Aadhaar Authentication or Offline Verification of Customers who voluntarily give consent to the bank to use his or her Aadhaar Number for identification. These new RBI instructions are now followed across all banks for various purposes like onboarding new customers, the opening of a bank account, etc. Last Year the Supreme Court had prohibited the use of Aadhaar for KYC as a privacy concern. However, later on in February, the Union Cabinet had approved promulgation of an ordinance to allow voluntary use of the Aadhaar number as identity proof for opening a bank account and procuring mobile phone connection. The law was made necessary as a bill passed by the Lok Sabha on the 4th of Jan, but the same was pending the R...