Aadhaar

DigiLocker : How to start using it?

What is DigiLocker?DigiLocker stands for digital locker, a key initiative under the Digital India program of the Indian government. It allows Indian citizens to store all their important documents like property papers, insurance certificates, PAN card, passport, tax papers, birth and/or marriage certificates, etc. in digital format.  Currently DigiLocker gives 1 GB of free space …

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eKYC using Aadhaar – All that you need to know

eKYC stands for electronic know your customer (KYC). It is a paperless Aadhaar-based process for fulfilling your KYC requirements. What is KYC?As per RBI guidelines, banks and other financial institutions must obtain the information about their customers’ identity and address. The process for obtaining and verifying this information is called ‘Know Your Customer’ or  KYC. …

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EPFO has made Aadhaar mandatory – Here’s how you can link your Aadhaar card to EPFO and UAN account

I have already talked about the growing importance of your Aadhaar number in the financial space. Recently the Labour ministry made Adhaar mandatory for all Employee’s Provident Fund Organization (EPFO) account holders. According to this order if you have an EPFO account, you will have to share your Aadhaar details with EPFO. In case you …

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All that you need to know about Aadhar Enabled Payment System (AEPS)

What is Aadhar enabled payment system (AEPS)? It is an Aadhaar based banking solution enabling you to operate Aadhaar linked bank accounts and carry out transactions using nothing but Aadhaar number and authentication through fingerprints. It provides interoperability between customers and bank at point of sale (PoS) – for example a grocery shop- and ensures …

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Your Aadhaar card will play a very important role in the future of digital payments – here’s why

Aadhaar is a proof of identity provided by the Government of India. It is not a proof of citizenship. After due information provided at specified centers a Unique number (UID) is provided to the person (basic demographic and biometric information). How and where should you enroll for an Aadhaar card?One desirous of enrolling should visit …

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