Banks can use Aadhaar for KYC with customer's consent: RBI
The RBI specifies Know Your Customer norms to be followed by banks and other entities regulated by it for various customer services, including opening of bank accounts.
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| Form 60 is required to be submitted by an individual who does not have a Permanent Account Number (PAN). |
MUMBAI: Banks can use Aadhaar for KYC verification with the customer's consent, the Reserve Bank said Wednesday as it updated its list of documents eligible for identification of individuals.
The RBI specifies Know Your Customer (KYC) norms to be followed by banks and other entities regulated by it for various customer services, including opening of bank accounts.
"Banks have been allowed to carry out Aadhaar authentication/ offline-verification of an individual who voluntarily ..
The RBI specifies Know Your Customer (KYC) norms to be followed by banks and other entities regulated by it for various customer services, including opening of bank accounts.
"Banks have been allowed to carry out Aadhaar authentication/ offline-verification of an individual who voluntarily ..
