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RBI Allows Banks To Use Aadhaar For "Know Your Customer" (KYC) Verification: 10 Things To Know

RBI also updated Aadhaar to the list of documents eligible for identification of individuals.
RBI also updated Aadhaar to the list of documents eligible for identification of individuals.
For customer identification of individuals, the banks should obtain the customer's Aadhaar and "may carry out" e-KYC authentication in case the customer is "desirous" of receiving any benefit or subsidy under direct benefit transfer (DBT).. For non-DBT beneficiary customers, the Regulated Entities (REs) should obtain a certified copy of any Officially Valid Documents (OVD) containing details of customer's identity and address alon...
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