BENGALURU: Banks proceed to make use of Aadhaar for e-KYC, announcing it is official. In what appears to be a struggle of interpretation, while legal professionals and activists say the SC judgment bars banks and telecom companies from inquiring for Aadhaar, excluding relating to DBT (direct get advantages transfer) accounts, banks say that Aadhaar-based payments and e-KYC is conceivable as long as they get customer consent.
Indian Bankers Association CEO V G Kannan says they’ve made representations to each the finance ministry and RBI in this regard. “Banks have taken two different stances. One set of banks have stated they will completely stop using Aadhaar except the customer comes forward and pronounces that the particular account is being used for DBT benefits. Another set of banks have decided to proceed using Aadhaar Enabled Payment Services for all accounts — non-DBT accounts integrated — and Aadhaar for e-KYC functions with customer consent,” says Kannan.
Canara Bank executive director M V Rao stated the bank is continuous to do Aadhaar-based e-KYC with customer consent. “The bank has not made any changes to move to utilization of the 16-digit digital ID in place of the 12-digit Aadhaar number. We are absolutely compliant with the SC orders and have written to the finance ministry about our interpretation of the Aadhaar judgement,” he stated.
Syndicate Bank MD Mrutyunjay Mahapatra stated the bank continues to make use of Aadhaar for e-KYC. “There is not any question of delinking or deleting Aadhaar knowledge as we at all times retrieved information for validation from the Aadhaar platform,” he stated.
“The SC verdict is very transparent and companies can't be inquiring for Aadhaar details,” stated former further solicitor common of India, P Wilson.
Indian Bankers Association CEO V G Kannan says they’ve made representations to each the finance ministry and RBI in this regard. “Banks have taken two different stances. One set of banks have stated they will completely stop using Aadhaar except the customer comes forward and pronounces that the particular account is being used for DBT benefits. Another set of banks have decided to proceed using Aadhaar Enabled Payment Services for all accounts — non-DBT accounts integrated — and Aadhaar for e-KYC functions with customer consent,” says Kannan.
Canara Bank executive director M V Rao stated the bank is continuous to do Aadhaar-based e-KYC with customer consent. “The bank has not made any changes to move to utilization of the 16-digit digital ID in place of the 12-digit Aadhaar number. We are absolutely compliant with the SC orders and have written to the finance ministry about our interpretation of the Aadhaar judgement,” he stated.
Syndicate Bank MD Mrutyunjay Mahapatra stated the bank continues to make use of Aadhaar for e-KYC. “There is not any question of delinking or deleting Aadhaar knowledge as we at all times retrieved information for validation from the Aadhaar platform,” he stated.
“The SC verdict is very transparent and companies can't be inquiring for Aadhaar details,” stated former further solicitor common of India, P Wilson.
With customers’ nod, banks keep using Aadhaar for e-KYC
![With customers’ nod, banks keep using Aadhaar for e-KYC]()
Reviewed by Kailash
on
November 26, 2018
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