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Aadhaar-based KYC likely across financial sector

Aadhaar-based KYC likely across financial sector

Friday, March 24, 2017, 9:17 AM

Aadhaar is on course to evolving into a comprehensive identification number for financial transactions, with the government deciding to introduce Aadhaar-enabled know your customer regime across financial sector. The government is holding consultations with all regulators including the RBI in this regard, a day after Aadhaar was made mandatory for filing income tax returns and applying for permanent account number or PAN.
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