Aadhaar card News
Indian govt is allowing banks to verify individual transactions that exceed a certain annual limit using facial recognition and an iris scan in some cases. It is in a bid to reduce fraud and tax evasion. Indian government is allowing banks to verify individual transactions that exceed a certain annual limit using facial recognition and an iris scan in some cases.
UIDAI issues a set of guidelines for offline verification seeking entities for Aadhaar hygiene. Any Aadhaar can be verified using the QR code available on all forms of Aadhaar. Besides, entities must maintain the record of the explicit consent received from residents for any future audit by UIDAI or any other legal agency thereof.
UIDAI has advised people to use Aadhaar confidently as per their choice to avail benefits and services. UIDAI also urged residents not to leave Aadhaar letter / PVC Card, or its copy unattended. Aadhaar is a resident's digital ID, and it works as a single source of online and offline identity verification for residents across the country.
UIDAI urges people to update their aadhaar cards that are issued 10 years ago and not updated since then. More than 1,100 government schemes and programs including 319 run by the central government use Aadhaar-based identification for the delivery of services. Many financial institutions like banks, and NBFCs, among others, use Aadhaar to authenticate and onboard customers seamlessly.
Prime Minister Narendra Modi had on 17th October released the 12th instalment of financial benefit of Rs 2,000 under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN). However, as per a news report, nearly 21 lakh farmers in Uttar Pradesh who are ineligible for PM Kisan benefit, have got the money being transferred in their bank account.