UIDAI blocks eKYC facility of 13 banks on missing targets of Aadhaar data


eKYCThe Unique Identification Authority of India (UIDAI) has suspended electronic know-your-customer facilities for several Indian banks and authentication agencies for not meeting the targets on enrolment and updating citizen information for its Aadhaar biometric database.

Last week, the authority suspended electronic customer verification services for 13 banks and Aadhaar authentication agencies (AUA) after it found that the targets were not met.

After receiving assurance from some banks, the authority restored the facility for ICICI Bank, IndusInd Bank, RBL Bank and IDBI Bank. The bank will take corrective measures to meet the missing targets soon, said sources from the banks.

The suspension was crucial for banks as it affected several financial services they offer that is linked to the authentication facility.

As per official statistics, 30-35 million Aadhaar enrolment and updating services are performed every day at banks and authentication agencies.

The banks that underwent suspension were very much short from the given target. As of now, the services of five out of these 13 banks have been restored and the restoration of eight others is subject to compliance.

The Banking & Finance Post is an initiative of Elets Technomedia Pvt Ltd, existing since 2003.
Now, Elets' YouTube channel, a treasure of premier innovation-oriented knowledge-conferences and awards, is also active. To Subscribe Free, Click Here.

Get a chance to meet the Who's who of the NBFCs and Insurance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.