Aadhaar eKYC is a paperless Know Your Customer (KYC) process, wherein the Identity and Address of the subscriber are verified electronically through Aadhaar Authentication.
It can be used as an alternative to the current KYC process which is done on the basis of physical photocopies of the original documents (ID proof and Address proof).
With the explicit consent / authorization by the resident, the Aadhaar e-KYC service provides an instant, electronic, non-repudiable “Proof of Identity” and “Proof of Address” along with date of birth and gender. In addition, it also provides the resident’s mobile number and email address to the service provider, which helps in further streamlining the process of service delivery. Read More..