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How To Complete Your KYC and Link Aadhaar With Mobile Wallets
Aadhaar linkage deadlines are near and deadline for submitting KYC (Know Your Customer) details to PPIs (Prepaid Payment Instrument) such as Paytm, MobiKwik, etc was on 28th Feb 2018. The initial deadline for the wallets was December 31st, 2017, which was later extended to February 28, 2018.
The RBI (Reserve Bank of India) refused to extend the deadline any further and says
However, assurance has been given by the authority that if someone fails to meet the given deadline, they would not lose money in their mobile wallets
He further added that
How to reactivate e – wallet
Once the customer provide their Aadhaar details which is a part of KYC (Know Your Customer) process, they can enjoy full services of their mobile wallets.
The process for most e – wallets is almost the same: you open the app and type your registered mobile number and you will receive a One Time Password (OTP) on your registered mobile number and put the OTP and you will be able to upload your Aadhaar details.
In case of Paytm, people can either visit a nearest Paytm KYC centre or schedule a visit from a Paytm representative after uploading Aadhaar details on the app.
However, PPIs apparently find the KYC requirement a challenging job as they fear business loss if stricter guidelines are implemented with majority customers sticking to minimum KYC.
UIDAI Start Aadhaar App With Dynamic OTP Based Verification
Few months back UIDAI (Unique Identification Authority of India) launched the Aadhaar mobile application i.e m – Aadhaar. It is a mobile application on your smart phone which helps you carrying your Aadhaar information such as name, address, DOB, photograph which are linked with your unique Aadhaar Card on your phone and negates the need to carry it on your wallet.
Just after months of its launch, the application hits 1 million downloads. To make the application even more convenient to people, UIDAI (Unique Identification Authority of India) has introduced Time Based One Time Password (TOTP) as a new feature to fast track authentication.
| Various Facilities Provide By The UIDAI Official Website | |
| Check UIDAI Official Website Services | Click Here |
| Check Aadhaar Card Status By Name | Click Here |
| Update Aadhaar Card On SSUP | Click Here |
| Aadhaar Card Correction Online | Click Here |
| Change Aadhaar Card Address Without Mobile Number | Click Here |
| Download Aadhaar Card By Enrolment ID | Click Here |
| Download Aadhaar Card By Aadhaar Number | Click Here |
| Download Aadhaar Card By Name & Date Of Birth | Click Here |
| Link Aadhaar Card With PAN Card | Click Here |
| Link Aadhaar Card With Bank Account | Click Here |
| Link Aadhaar Card To Mobile Number via OTP | Click Here |
Earlier in the application, the users didn’t have the option to enter the OTP manually. However with the introduction to TOTP, the users would not have to wait for OTP to arrive on their mobile since a dynamic OTP will be always available on m – Aadhaar App on their mobile phones.
This would make the process easier in a place which has network issues in their area.
After the introduction of the new feature Ajay Bhushan Pandey, CEO, UIDAI stated that
Pandya further said that
This app has other useful features like biometric locking and unlocking system, which is a very helpful feature as it secure biometric authentication by locking biometrics data.
In this application
To download the application go to Google Play Store on your Android smart phones and type ‘m – Aadhaar‘ in the search option. Download and install the app.
Also note that this application is available only for the android users. Iphone users have to wait for this facility.
m – Aadhaar has become an important application as it is considered to be a valid proof of identity for travellers in Indian Railways.
To know more about it, you can also read https://rupeenomics.com/m-aadhaar-valid-id-proof-travellers-indian-railways/
How to download e-Aadhaar PDF using eaadhaar.uidai.gov.in
Aadhaar card is a 12 digit unique identification number issued by the UIDAI (Unique Identification Authority of India) which is also backed by the Indian Government. The Aadhaar card can be availed by the Indian residents above the age of 18 years.
India is moving towards digitization and government have taken numerous steps to ensure this. In additions to that, government have also introduced e – Aadhaar, which is a 12 digit alphanumeric identity provided by the UIDAI (Unique Identification Authority of India). This card is considered to be the digital Aadhaar card which is available online. E – Aadhaar card has the same validity as Aadhaar card.
How to download e–Aadhaar PDF? eaadhaar.uidai.gov.in
Downloading e – Aadhaar PDF is a very easy and simple process. Follow the below mentioned procedure to download your e – Aadhaar PDF:
- Visit the official website of e – Aadhaar i.e. https://eaadhaar.uidai.gov.in/
E-Aadhaar-Download-Form-eaadhaar.uidai.gov.in - Now you will be required to enter your 12 digit Aadhaar number and in case if you haven’t received your Aadhaar number yet, you can enter your 28 Digit Enrollment ID provided by the Aadhaar Enrollment Center.
- And enter your full name and Pin code of your permanent address
- And enter the captcha displayed on the screen “Enter Above image Text” and mobile number click on the submit button
- In this step, enter OTP that you have received on your registered mobile phone number and download your e – Aadhaar.
How to open e–Aadhaar PDF? e – Aadhaar password? eaadhaar.uidai.gov.in
Once you have downloaded your e – Aadhaar, look for that in downloads folder. Or you can check the PDF in your browsers download section, just type “CTRL + J” to open download section in chrome.
This PDF is password protected. Hence, you will have to enter your password in order to open the PDF.
Earlier, the applicants were required to use Pin code as password as e – Aadhaar is password protected. However, UIDAI has now changed the downloading procedure. It has introduced a new password format which is an eight digit password and it is a combination of first four letters of your name and year of birth and it should be in capital letters. Hence, instead of six digit pin code, applicants are required to enter eight digit passwords in the mentioned format.
Now Pay using just Aadhaar Number – UPI Phase 2 is live
The second version of the Unified Payments Interface (UPI) is out now. Rumors are out saying that some parts of the UPI Version 2 are live because the users of Samsung Pay, Bharat Interface for Money (BHIM), and HDFC Bank’s mobile app can now make the UPI Payments linking to the Aadhaar Numbers. It was reported that the second version of UPI was about to come live in March 2017, and a blue print was released explaining the details of linking an Aadhaar with the financial addresses of the Unified Payments Interface (UPI) list.
The latest update given by the Samsung Pay states that the users can now make the payments and transactions using just the Aadhaar Number. BHIM users are also saying that you can also use Aadhaar to pay. The HDFC app has now the features showing the availability of the Aadhaar option as well.
Note that, when HDFC first launched the UPI feature in their mobile banking app in November 2016, the option of sending money using the Aadhaar mode was inactive and was out of action. Even the option of making transactions using Aadhaar number feature was mothballed in the UPI apps as well such as PhonePe and Chillr. The Unified Payments Interface (UPI)-based app will also have the features of biometric based Aadhaar Pay option as well, but this feature has been kept low key and is yet to roll out.
According, to the UIDAI, more than 90% of India’s population has their Aadhaar registered and more than 390 million bank accounts are linked with the Aadhaar details and the Aadhaar number. So, adding the Aadhaar number option in the banking app feature will make the payments and transactions of the User more convenient and simple as ABC.
There are other three payment modes which are linked to Aadhaar.
Aadhaar-Enabled Payment System (AEPS) which is developed by the National Payments Corporation of India (NPCI). This allows various features such as cash withdrawal, deposits and funds transfer at POS (Micro ATM) using the Aadhaar authentication.
The second is the Aadhaar Pay. This was launched in January by the Indian Government. This mode of payment uses the Aadhaar number and the payment is done through the user’s fingerprint.
Last but not the least, is the Aadhaar Payments Bridge System (APBS), this payment mode is responsible for the direct benefit transfer of subsidies by the Government. These Subsidies are transferred to the bank accounts that are linked to Aadhaar.
It is observed that the Aadhaar failure rates are massive. According to the report on digital payments by the Watal Committee, the graph of failure rates in AEPS transactions are found to be around 60%. The technology has geared up and is continuously making advances in the UPI and Aadhaar-bank account linkage, as it is necessary for the bank portability.
So, the RBI Deputy Governor SS Mundra ends up putting up a statement saying
Check your Aadhaar Bank Link Status Online – A New Feature by UIDAI
Congratulations!! Your Bank Aadhaar Mapping is done. This is the message that you are going to receive after checking the status of linking your Aadhaar with your Bank account. The UIDAI has launched an online tool which issues your 12-digit UID Number and the Aadhaar number and enables the customers to check their Aadhaar link bank status online. This whole procedure requires a One Time Password only. You need to have your mobile number registered to Aadhaar card for this.
The Official website of the Aadhaar card is www.uidai.gov.in
As the Government has already declared the deadline (31st December 2017) of Aadhaar seeding with the Bank Account, so it is mandatory to get your bank account linked with Aadhaar. If you have already linked your bank account with Aadhaar then you can get I verified through this online facility by UIDAI.
The other ways through which you can link your Bank account with Aadhaar are
- Online,
- SMS Service,
- Through ATM,
- By visiting the branch.
How to check Aadhaar linked Bank Account Status Online
- Visit the UIDAI Online service portal.
Various UIDAI Website Online Services - Search for the link that says- “Check Aadhaar and Bank Account Linking Status” and Click on it.
- After clicking, you will be redirected to a new page that says “Aadhaar Linking”
- Enter your Aadhaar Number and security code in the respected fields.
- Click on “Send OTP”.
Check linking status of Aadhaar and Bank account - An OTP will be received on your registered mobile number and it is valid for a limited period of time.
- Once you receive the OTP, enter the code and Click on “Login Button” present at the bottom of the page.
- After the completion of the verification message, the UIDAI online facility displays this following message- “Congratulations! Your Bank Aadhaar mapping is done”.
Aadhaar linking bank account
Along with the Bank – Aadhaar linking status, the UIDAI Portal also provides other facilities such as – it displays information of date of linking and bank name etc.
“Aadhaar linking Status” is fetched from the NPCL server. So if anything gets wrong, the UIDAI is not responsible or liable for the correctness of the displayed status. Further, the UIDAI is not storing any information fetched from the NPCL Server, according to the UIDAI Server.
Also Read about Various Services Offered by the UIDAI Official Website.