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The Cabinet approved the Aadhaar ordinance that allows people to voluntarily furnish their 12-digit biometric identification number to open a bank account or buy a new mobile SIM. Currently, private entities are not allowed to use Aadhaar details for providing different services as per the Supreme Court’s judgement on Aadhaar on 26th September 2018. The…
The Unique Identification Authority of India, under the Aadhaar Act and Regulations, 2016 has made it compulsory for the centralized storage (collected by AUAs/KUAs/ Sub-AUAs/ or any other agency) of all the Aadhaar number in a different repository which is known an as ‘Aadhaar Data Vault’. The Aadhaar Act 2016 states an Aadhaar Number which…
The Unique Identification Authority of India issues a 12-digit unique Aadhaar Number to all the individuals for availing various government schemes such as LPG subsidies, Pradhan Mantri Yojna and many more. The Aadhaar is also considered as one of the most important documents for the proof of identification and the proof of residence for all…
The State Bank of India (SBI) relaunched the facility of Aadhaar-based savings account opening digitally on Friday. This facility is available for those customers who want to open their online account through ‘YONO’- lender’s integrated and lifestyle platform. In order to provide the customers with paperless, hassle-free, and digital banking experience, State Bank of India will…