E-KYC made easier using Aadhaar

27 Apr
aadhar

E-KYC made easier using Aadhaar

Financial transactions — opening a bank account, investing in a mutual fund or even applying for a personal loan – would require the investor or borrower to go through a tight Know Your Customer (KYC) procedure. The process takes anywhere between two and 30 days to be completed.

With the Unique Identification Authority of India (UIDAI) allowing authorised entities to access its database, things have become simpler for investors, policyholders and borrowers who wish to transact by using their Aadhaar card.

Write a Reply or Comment