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Aadhaar Enabled Bank Account

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Aadhaar not mandatory for bank accounts, phones... for now

The deadline of March 31 has been postponed till the apex court delivers its final judgment. The Supreme Court on Tuesday extended indefinitely its March 31 deadline for linking bank accounts and......

RBI defends Rs 2000 note exchange exercise in court, says not demonetisation

The Reserve Bank of India (RBI) on Tuesday told the Delhi high court that withdrawal of Rs 2000 notes is not demonetisation but a statutory exercise, and the decision to enable their exchange was......

Aadhaar scheme not open to judicial review: Centre to SC

The bench said that Aadhaar may pass the test of 'legitimate state interest', but the doctrine of proportionality has to be satisfied. The Centre on Wednesday told the Supreme Court that its......

'OB van campaigns won't solve corruption problem'

UIDAI chairman Nandan Nilekani, in an interview to CNN-IBN, says that Aadhaar enabled service delivery is a far more effective way to fight corruption. What is Aadhaar enabled public delivery......

Ayushman Bharat goes digital, Modi calls it revolutionary

The key components of the Ayushman Bharat Digital Mission include a health ID for every citizen that will also work as their health account, to which personal health records can be linked and......

How to get more bang for the buck out of field agents

Will allowing business correspondents to hawk insurance products help in reviving 5-lakh strong field agents as a viable channel?   Illustration: Dominic Xavier/Rediff.com In late......

Now, open a bank account through Aadhaar without paperwork

The Unique Identification Authority of India (UIDAI) has enabled a feature that would allow anyone with an Aadhaar number to open a bank account, without any paperwork. Axis Bank was the first......

Small Town India Falls In Love With MFs

More than 50 per cent of SIP accounts come from semi-urban and rural areas. Illustration: Uttam Ghosh/Rediff.com India's smaller cities and rural areas give a wider picture of how the economy is......

Now, no need to visit bank to update KYC

Bank account holders are no longer required to visit their bank branches to update 'know your customer' (KYC) details provided they have already submitted valid documents and not changed their......

RBI set to launch UPI-like unified lending platform

The Reserve Bank of India (RBI) will launch the Unified Lending Interface (ULI) nationwide in due course, aiming to transform India’s lending sector, similar to how the Unified Payments......

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