uidai

Know the difference between traditional KYC vs unified KYC

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Know the difference between traditional KYC vs unified KYC

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

UIDAI slashes Aadhaar authentication charge to Rs 3: CEO Saurabh Garg

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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

Volume of direct benefit transfers rises 37% to 3.9 lakh crore transaction so far this year: UIDAI CEO

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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

Centre weighing plan to waive Aadhaar authentication fee

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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

No denial of vaccine, essential services for lack of Aadhaar, says UIDAI

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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

32.71 crore permanent account numbers (PAN) linked with biometric ID Aadhaar: Govt

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New Delhi: As many as 32.71 crore permanent account numbers (PANs) have been linked with biometric ID Aadhaar, the government said on Wednesday. “Over 32.71 crore PANs linked with the Aadhaar,” MyGovIndia said in a tweet. The government has already extended the date for linking of Aadhaar with PAN to March 31, 2021. The total … Read more