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RBI says banks can use Aadhaar for KYC with customer's consent

Updated : May 30, 2019 06:27 AM IST

The RBI specifies Know Your Customer (KYC) norms to be followed by banks and other entities regulated by it for various customer services, including opening of bank accounts.
In February, the Union Cabinet had approved promulgation of an ordinance to allow voluntary use of the 12-digit unique number as identity proof for opening bank account and procuring mobile phone connection.
RBI says banks can use Aadhaar for KYC with customer's consent
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