Sebi allows e-KYC using Aadhaar for 8 entities

Sebi lists 8 entities that can undertake e-KYC Aadhaar authentication. (PTI Photo)

Aadhaar linking with PAN, bank a/c not necessary for NRIs, PIOs

The UIDAI has received complaints where NRIs, PIOs were being demanded to produce Aadhaar for various services and benefits.

The plans were considered and approved from the point of view of security, compliance with the Aadhaar Act.

The Department of Telecom and telecom operators are also working on a process of SMS/IVRS and app-based verification.

Operators have been asked to submit by November 15 a blueprint of the process to operationalise new modes of SIM authentication.

For clients having an account-based relationship, prior to June 1, Aadhaar details have to be submitted by December 31, 2017.

Even flight tickets will not be required as the linking of the databases will reflect the details of the flights booked.

This is being seen as part of government's war against terrorists, fraudsters and criminals.

However, consumers' biometrics will not be stored by telecom operators but by UIDAI.

The government said that bank accounts, not linked to Aadhaar will be declared inoperable post December 31.