Kyc
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Stop using Aadhar eKYC for verifying users: Govt tells telecom companies
India | Oct 27, 2018, 12:01 AM ISTIn a three-page circular, the DoT said Aadhaar e-KYC cannot be used for verifying existing customers as well as giving new SIM connections.
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21 lakh company directors fail to comply with KYC norms, govt begins de-activating ID numbers
India | Sep 16, 2018, 06:42 PM ISTThe latest move by the Corporate Affairs Ministry also comes at a time when the government has intensified the crack down on shell companies, which are suspected to be conduits for illicit fund flows.
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Aadhaar seeding mandatory for bank accounts under KYC norms, says RBI
India | Apr 21, 2018, 07:12 PM ISTTill now, an Officially Valid Document (OVD) for address proof together with Permanent Account Number (PAN) issued by the Income Tax department and a recent passport size photograph were the key KYC documents.
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Aadhaar Virtual ID: All you need to know about UIDAI's new security net
India | Jan 11, 2018, 10:07 PM ISTUsing the newly launched feature, cardholders will be able to generate their 'Virtual ID' for various purposes including SIM verification.
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Airtel fiasco: CEO Gopal Vittal admits to Aadhaar lapse, says situation could have been handled better
Business | Dec 26, 2017, 11:04 AM ISTOil ministry claimed that Rs 167 crore of LPG subsidies had been deposited in the accounts of Airtel Payments Bank without the customers knowing that such accounts had been opened.
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UIDAI suspends Airtel, Airtel Payments Bank's eKYC licence over Aadhaar misuse
Business | Dec 16, 2017, 07:45 PM ISTThe UIDAI has temporarily barred Bharti Airtel and Airtel Payments Bank from conducting Aadhaar-based SIM verification of mobile customers using eKYC process as well as e-KYC of payments bank clients.
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PFRDA makes NPS account opening paperless if opened via Aadhaar
Jan 01, 2017, 05:05 PM ISTIn effort to simplify the process, Pension Fund Regulatory and Development Authority (PFRDA) has taken a big step to make NPS account opening completely paperless. PFRDA in October 2013, had allowed acceptance of e-KYC as
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Banks stop questioning depositors after fresh RBI directive
Dec 21, 2016, 09:04 PM ISTFollowing the RBI’s circular to banks exempting KYC-compliant accounts from scrutiny even if the deposited amount exceeded Rs 5000, banks today began accepting the junked Rs 500 and Rs 1000 notes without any questions. With
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RBI rolls back restrictions, no questioning for deposits over Rs 5000 in old notes
Dec 21, 2016, 02:35 PM ISTTwo days after imposing restrictions on deposit of demonetised currency notes in banks, the Reserve Bank of India today rolled bank the provision for accounts that are compliant with the KYC norms. According to a
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Mobile E-KYC norms to be in place within a month: Telecom department
Apr 12, 2016, 05:29 PM ISTNew Delhi: The Department of Telecom plans to issue e-KYC norms within a month which would help in activating mobile phone connections in a few minutes. “The DoT will come up with one reform oriented
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RBI asks rural banks to partially freeze KYC non-compliant a/cs
Nov 03, 2014, 07:29 AM ISTMumbai: The RBI has directed regional rural and central cooperative banks to partially freeze bank accounts of those customers who have not complied with the Know Your Customer norms.Similar instructions were issued to commercial banks
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LPG consumers with multiple connections must submit KYC by year-end: Govt
India | Dec 07, 2012, 04:52 PM ISTNew Delhi, Dec 7 : Cooking gas (LPG) consumers with multiple connections who do not submit Know Your Customer (KYC) forms by month end will lose subsidised LPG supply and will be charged commercial rates,
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Sebi Launches India's First KYC Registration Agency
Jan 04, 2012, 05:38 PM ISTMumbai, Jan 4: Capital markets regulator Sebi said it is talking to other regulators to adopt its uniform know-your-customer (KYC) requirements as also the single-point agency or platform that was launched here today.“We are informally