Aadhaar eKYC

The Aadhaar Card, usually secured with aadhaar eKYC, is the single most powerful Identity Document certified by the Government of India, making it universal for all legal transactions.

The introduction of the Aadhaar Card by the Government of India has been contentious from the outset. While some members of society are concerned about protecting personal data, the various applications of this one-of-a-kind identity evidence cannot be denied.

Understanding Aadhaar eKYC

e-KYC is similar to KYC in that you must produce your KYC documentation to verify your identity; the only difference is that it is a digital process.

Aadhaar-based e-KYC is a paperless authentication of an individual's identity performed with an agreement. This entails ID verification using biometric and demographic information from the UIDAI database obtained during the Aadhaar registration process. 

Because the UIDAI has already confirmed such data, it saves time on significant documentation and attestations. Moreover, since Aadhaar is a comprehensive record that stands valid for all such information, it eliminates the burden of producing several documents for ID proof, address proof, age proof, and so on.

Kinds of Aadhar eKYC

Aadhaar-based e-KYC comes in two varieties:

  • Using Biometrics: In this case, you must supply your 12-digit Aadhaar number and biometrics like fingerprints or an iris scan, and if you are interested in investing, the relevant authority in the fund house will finish the verification procedure using this approach.
  • Using OTP: In this case, you must enter your Aadhaar number, and an OTP will be delivered to your registered mobile phone, completing the transaction process.

Difference Between Aadhar e KYC and Aadhaar Offline KYC

Customers may confuse Aadhaar e-KYC with Aadhaar authentication because the processes appear similar from the customer's perspective. The actual operation of these processes, however, differs.

Aadhaar authentication is a verification process that entails storing all biometric and demographic information on your Aadhaar card in the Central Identities Data Repository (CIDR). This vault, in turn, checks the accuracy of provided data by cross-referencing it with information stored within it. Simply put, service providers need access to your demographic information, frequently making it difficult to finish the authentication procedure.

In the case of the Aadhaar e-KYC process, the service provider can immediately access and verify your private information from the UIDAI database to assist you in establishing your identity.

The e-KYC using the Aadhaar card is a more efficient and effective approach. Here are the specifics of the entire process.

How to do Aadhaar eKYC Online?

One can complete the Aadhaar eKYC process online or offline, both of which are paperless methods of getting the job done.

Learn how to do Aadhaar e-KYC Procedure Online here in detail-

1) Authentication using Biometrics

Customers who choose Aadhaar e-KYC verification via biometrics must follow the following steps.

Step 1: Give your service provider your Aadhaar card. They will take note of your Aadhaar or Unique Identification number (UID).

Step 2: They will then take and read your fingerprint or retinal image using a biometric scanner.

Step 3: This value is then conveyed to the UIDAI, which compares it to the existing value associated with your Aadhaar in its database.

Step 4: Once your values match, your identity will be effectively established.

Once this verification procedure is completed, UIDAI will grant the service provider access to your personal data, including your date of birth, address, and photograph.

The UIDAI also allows the agent to store a soft copy of such information in their servers, allowing them to access it as needed.

2) Authentication through mobile OTP

Here is how to do KYC Aadhar through SMS. One can also use the OTP-based authentication method, carried out as follows.

Step 1: Show the service provider your Aadhaar card.

Step 2: The UIDAI will email you an OTP to your registered cell phone number.

Step 3: Enter this OTP into the device supplied by your service provider. 

Following that, the UIDAI will provide the information to the agent through the biometric authentication procedure.

How to Check the Aadhar Card eKYC Status?

If an individual wishes to use any financial services, they must comply with the KYC rules. However, if one is unsure whether they are KYC compliant, they could check the following measures.

Step 1: Navigate to any KYC Registration Agency (KRA) website.

Step 2: Enter Permanent Account Number (PAN) information.

One can quickly identify and know right away if they are KYC compliant. If not, the procedure can be completed using Aadhaar-based biometrics.

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