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Businesses need to pay up to Rs 20 for using Aadhaar services

Thursday, March 7, 2019, 7:55 PM

Businesses need to pay up to Rs 20 for using Aadhaar services

Business organisations using Aadhaar services will now have to pay Rs 20 for each customer verification and 50 paise for authentication of each transaction carried out by the entities, the Unique Identification Authority of India (UIDAI) said on March-7. The gazette notification, the Aadhaar (Pricing of Aadhaar Authentication Services) Regulations 2019, however, exempts government entities and the Department of Posts from authentication transaction charges.

Article

 

18 January 2019, Friday

What is EPF?

What is EPF (Employees' Provident Fund) in India? In an EPF, both employee and the employer make a contribution to employee account.  Its ...

Article

 

14 January 2019, Monday

Index Funds In India - Best Index Funds for 2019

What is an Index Fund?  Index Fund is a mutual fund that tracks and tries to replicate an index like BSE Sensex and Nifty 50. These funds purc ...

Article

 

31 December 2018, Monday

Procedure To Claim Mutual Fund Money Upon Death Of An Investor

Mutual fund is the most popular way of investment and wealth creation. The mutual fund market has it ...

Article

 

31 December 2018, Monday

PF Withdrawal Procedure - EPF Withdrawal Form, Rules, Status Online

What is EPF? Employee Provident Fund or EPF, is a scheme under which both the employee and employ ...

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Govt, RBI in talks to allow use of QR code-based 'offline Aadhaar'

Monday, December 3, 2018, 9:51 AM

Govt, RBI in talks to allow use of QR code-based 'offline Aadhaar'

The government and RBI are reportedly in talks to allow the use of 'offline Aadhaar', which relies on the use of QR codes, instead of the biometric eKYC, for opening bank accounts, operating payment wallets, and other areas. According to the source, this move is expected to benefit the financial technology companies.

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Telcos begin alternative digital KYC process verification

Tuesday, November 6, 2018, 6:44 AM

Telcos begin alternative digital KYC process verification

Large telecom operators, including Vodafone Idea and Bharti Airtel, have begun rolling-out an alternative digital KYC process for new-connections, which will replace Aadhaar-based electronic verification process. Reliance Jio sources indicated that operator has a-plan-on alternative digital KYC and will roll it out soon. However, it is not immediately clear if telecom service providers are, for now, continuing Aadhaar eKYC for verification of new subscribers.

Article

 

24 September 2018, Monday

Ayushman Bharat Yojana - National Health Protection Scheme

The poor and the deprived rural citizens in India have a big reason to rejoice. The Prime Minster Na ...

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Rs 2L penalty has been imposed by Reserve Bank of India on National

Tuesday, September 18, 2018, 6:51 PM

Rs 2L penalty has been imposed by Reserve Bank of India on National

Rs 2 lakh penalty has been imposed by Reserve Bank of India on National Sahkari Bank, Gorakhpur, Uttar Pradesh for violation of Know Your Customer (KYC) norms. Besides, a penalty of Rs 2 lakh too has been slapped on National Urban Co-operative Bank, Bahraich for non-filing of a return on asset and liabilities. Earlier, RBI had issued show cause notice to the banks.

News

 
KYC non-compliance: Govt starts de-activating identification numbers

Monday, September 17, 2018, 10:20 AM

KYC non-compliance: Govt starts de-activating identification numbers

The government is deactivating the Director Identification Numbers (DINs) of nearly 21 lakh directors of companies for failing to comply with KYC norms, a senior official said. The DIN is a unique number allotted to individuals eligible for directorship on the boards of registered companies. The numbers will be reactivated after a Rs 5,000 fee payment along with the requisite form.

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