eSign allowed customers to be onboarded remotely and digitally by NBFCs and digital stockbrokers.
The Income Tax department is working on a plan to establish a real-time PAN processing centre.
The recognition of e-KYC can also aid in boosting the productivity of bank resources and save costs involved in manual procedural formalities.
Since there is no option of e-KYC for digital wallets and the RBI has not said anything clearly about the alternate KYC mechanisms, the firms are now in limbo
Each operator like Airtel, Vodafone Idea, Reliance Jio, others would carry out the process at two sites, per DoT notification.
LPG subsidy row: Airtel Payments Bank says it has received approvals from RBI, UIDAI to resume taking new customers
Aadhaar-issuing authority UIDAI has allowed it to use the 12-digit unique identification number-based e-KYC, Airtel Payments Bank said in a statement
The State is not serving its people if it sets up a system for their benefit and then pushes ahead with it, regardless of its actual effects on them.
The decision came a day after the government also extended the deadline for linking Aadhaar with PAN for the fourth time till 30 June.
Govt acted swiftly in LPG subsidy matter and UIDAI, in a stern move late last week, temporarily barred company from conducting Aadhaar-based SIM verification
According to UIDAI there has been no incident of misuse of Aadhaar biometrics leading to identity theft and financial loss.
UIDAI notifies Airtel for opening its customers' payment bank accounts without taking their 'informed consent'
Also, certain complaints were made to UIDAI alleging that Airtel opened payments bank account without approval and the said account was then linked for receiving LPG subsidy.
Vodafone said the facility of linking existing mobile number with the Aadhaar, is available at all retail touch points.
The 100 villages which have been transformed into 'ICICI Digital Villages' are located across 17 states in India.
All existing subscribers of mobile services will have to go for Aadhaar-based re-verification soon, with the government instructing telecom operators to initiate the process.
Existing and new mobile phone connections have to be linked to Aadhar says department of telecom (DoT).
Unique Identification Authority of India (UIDAI) has said that all devices using Aadhaar authentication will have to adhere to its new encryption standards from June 1.
Dismissing reports of misuse of biometrics data, the government on Sunday said Aadhaar-based authentication is "fully safe and secure".
To address security risk of Sim cards obtained with forged documents, Trai wants to verify Sim card holders through the Aadhaar linked e-KYC service.
ICICI Bank will transform 100 villages in 100 days in effort to provide digital ecosystem in rural India
The financial institution has decided to convert all of the 100 villages into 'ICICI Digital Villages' which is in line with the bank's effort to arrange digital ecosystem across the country.
The new Aadhaar based digital verification system by Airtel offers convenience to customers and benefits the environment by eliminating use of paper.