The Employees’ Provident Fund Organisation (EPFO) has introduced reforms to streamline the process of online transfer claims in certain cases. The implementation of this change is anticipated to streamline the PF transfer process, minimizing delays and enhancing efficiency. By utilising Aadhaar and maintaining consistent member information, EPFO is striving to offer a seamless transition for … Read more
Aadhaar free update: The Unique Identification Authority of India (UIDAI) has yet again extended the date for free updates of Aadhaar details. On Saturday, the UIDAI said the the last day to update Aadhaar details for free of cost has been extended to June 14, 2025. Earlier, the last date was December 14, 2024. Starting … Read more
The deadline for updating your Aadhaar card for free through the myAadhar portal is on today, December 14, 2024 (Saturday). After this date, a fee will be charged for updating your Aadhaar card information at an Aadhaar center. UIDAI recommends updating your Aadhaar card details every 10 years. The Bhuvan Aadhaar portal can help you … Read more
The Unique Identification Authority of India (UIDAI) has extended the deadline for free updates to Aadhaar details until December 14, 2024. Citizens can update key information like name, address, or date of birth without any charges during this window through a seamless online process. After the deadline, updates will require a processing fee. Updating Aadhaar … Read more
In the rapidly evolving landscape of digital transactions, understanding the nuances between traditional know your customer (KYC) practices and unified KYC frameworks is important. KYC processes are fundamental in verifying the identity of customers and assessing the associated risks in financial transactions. While traditional KYC involves discrete verification procedures conducted separately by each financial institution, … Read more
The month of December, which marked the end of CY 2023 and the third quarter of FY2024, had many financial deadlines ranging from submission of belated income tax returns to signing bank locker agreements to discontinuation of inactive UPI accounts. Though many crucial financial deadlines ended on December 31, a few were extended to 2024 … Read more
Aadhaar custodian UIDAI has slashed the price for authentication by customers to Rs 3 from Rs 20 per instance to enable entities leverage its infrastructure for providing ease of living to people through various services and benefits. While speaking at Global Fintech Fest organised by NPCI-IAMAI, Unique Identity Authority of India CEO Saurabh Garg said … Read more
The volume of direct benefit transfers (DBT) has jumped 37 per cent to 3.9 lakh crore transactions so far this year from 2.8 lakh crore transactions in 2020, UIDAI chief executive Saurabh Garg said on Friday. The DBT transfers grew 37 per cent to 3.9 lakh crore transactions so far this year over the full … Read more
The government is examining a proposal to waive Aadhaar authentication transaction charges levied on banks by the Unique Identification Authority of India (UIDAI). The move comes after both public and private sector lenders urged the UIDAI to waive such charges for almost a year up to June 2021, in line with the waiver granted for … Read more
The Unique Identification Authority of India (UIDAI) on Saturday asserted that no one should be denied vaccine, medicine, hospitalisation or treatment just because they do not have an Aadhaar. The UIDAI made it clear that Aadhaar should not be misused as an excuse for denial of any essential service. The statement assumes significance given the … Read more