Bid to add social content to UID scheme, otherwise in limbo With the AADHAR scheme apparently in limbo, the Centre is making a desperate effort to provide it social content. As of now, only 3.5 crore unique identification cards have been issued as against an enrolment of 10 crore people across the country. Matters turned worse when the Reserve Bank of India issued a directive that bank accounts could not be opened on...
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UID valid residence proof for opening bank acount: Nandan Nilekani
-The Times of India Unique identification authority said the Aadhaar cards issued by it are a valid residence proof for opening a bank account. "Aadhaar is a valid 'Know Your Customer' (KYC) document for opening a bank account," Unique Identification Development Authority of India (UIDAI) chairman Nandan Nilekani said. "Aadhaar letter has two parts - identity and address. If the address which a person shows to the bank, is the same address...
More »UIDAI working under the powers delegated by PM: Nandan Nilekani
-PTI The UIDAI chief Nandan Nilekani today asserted that the authority set up for issuing national identity cards was working under the powers delegated by the Prime Minister. "My powers have been delegated by the Prime minister," Unique Identification Development Authority of India (UIDAI) Chairman Nilekani said when asked whether the authority was on a collision course with the Planning Commission. "We are an attached office of the Planning Commission and by series...
More »Aadhaar alone isn’t enough for a full-fledged bank account by Surabhi Agarwal, Remya Nair & Anup Roy
The finance ministry may have amended the Prevention of Money Laundering Rules, 2005, to notify Aadhaar as adequate to meet KYC norms for opening bank accounts, putting it alongside other identity proofs, but banks are still confused Is a unique ID number or Aadhaar number issued by the Unique Identification Authority of India (UIDAI) enough to satisfy the so-called know-your-customer (KYC) norms that banks have to ensure every account they open...
More »Nilekani bats for 'Aadhaar'
-The Times of India Chairman of the Unique Identification Authority of India (UIDAI) Nandan Nilekani has said that the unique identity programme or 'Aadhaar' should not be viewed as "a technologically complicated and purposeless activity". "The programme has much wider and scalable applications for ensuring effective and efficient delivery of public distribution system (PDS) and welfare services," he said while delivering the inaugural speech at the launch of the Pune International Centre...
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