Govt to allow Aadhaar-based KYC for retail investors

The government said the Depository Receipt Scheme 2014 is expected to be operationalised soon by Sebi.

Now KYZO lets you handle the paperwork like a pro

‘Know Your Customer’ or ‘KYC’, follows a common man like a shadow for a range of rights and services.

RBI said that 'Proof of possession of Aadhaar number' has been added to the list of Officially Valid Documents.

Muthoot Finance will give unsecured loans of Rs 1-10 lakh at an interest rate of 13.5-23 per cent to salaried class only.

Industry is also keen on having a flexibility in regulations, where small value transactions using PPIs should not need a full KYC.

The budgetary allocation for UIDAI for the current fiscal ending March 2019 was Rs 1,345 crore .

Niti Aayog had requested ITU to help India in the digital payment space as well as capacity building.

Virtual IDs in lieu of Aadhaar number and migrate to the 'limited KYC' mechanism for mobile subscribers.

MobiKwik plans to do Aadhaar-based e-KYC and will be contracting over 7,000 field staff for the same.

Company also aims to add over 10,000 KYC personnel to its existing workforce to achieve this target.