e-KYC: UIDAI has reduced the amount of Aadhaar verification from Rs 20 to Rs 3. Let us know the benefits of this.
New Delhi: The Unique Identification Authority of India (UIDAI) has reduced the amount of Aadhaar verification for customers from Rs 20 to Rs 3. While addressing the Global Fintech Fest organized by NPCI-IAMA, UIDAI Chief Executive Officer (CEO) Saurabh Garg while giving information about this said that there is immense potential to leverage Aadhaar in the financial technology sector.
Verification rate reduced from Rs 20 to Rs 3
Saurabh Garg said, ‘We have reduced the rate per verification from Rs 20 to Rs 3. It aims to ensure that various agencies and institutions can make better use of the digital infrastructure created by the government. It is necessary to use these infrastructure to make life easier for people with dignity.
99 crore people used
Till now, Aadhaar system has been used for 99 crore e-KYC (Know Your Customer). UIDAI does not share biometrics with anyone and expects all its partners to maintain the same level of security and privacy as does the authority.
Actually, money does not have to be paid for getting a new Aadhar card. But, you will have to pay a charge for updating Aadhaar like correction in name, address, date of birth, e-mail etc. For Demographic Update Rs 50 and for Biometric Update Rs 100 (With / Without Demographic Update) will have to be paid.
Aadhaar mandatory document in the country
Aadhaar is a mandatory document in the country. The central government has linked all the schemes with Aadhaar. Around 311 central schemes of 54 ministries are covered under the Direct Benefit Transfer (DBT) platform using Aadhaar.
The schemes run by the government for the farmers like- PM-Kisan Nidhi Yojana is based on the Aadhar platform, under which about 10 crore farmers are being transferred 2000 rupees after every four months. Aadhaar Verification means that the Aadhaar number is being used to correctly identify the beneficiary of a scheme.
