What changed
RBI clarified that e-Aadhaar downloaded from UIDAI website can be accepted as an officially valid document under PML Rules. Banks may print the e-Aadhaar from UIDAI portal if the customer knows only their Aadhaar number or carries a copy, or use e-KYC or simple authentication service.
What it means for you
Banks can now streamline KYC by accepting electronic Aadhaar, reducing reliance on physical documents. This speeds up account opening and reduces fraud risk, but banks must ensure verification through UIDAI portal or e-KYC to maintain compliance.
What you must do
- Update KYC policy to include e-Aadhaar as an officially valid document.
- Train staff to verify e-Aadhaar by printing from UIDAI portal or using e-KYC/simple authentication.
- Ensure strict adherence to RBI guidelines for e-Aadhaar acceptance.
- Continue accepting physical Aadhaar and e-KYC as before.
Who it affects
All Scheduled Commercial Banks (excluding RRBs), Local Area Banks, All India Financial Institutions
Can we accept e-Aadhaar downloaded by the customer themselves?
Yes, but you must either print the e-Aadhaar from UIDAI portal in the bank, use e-KYC, or confirm identity/address through UIDAI's simple authentication service.
Does this replace physical Aadhaar cards?
No, physical Aadhaar cards/letters and e-KYC process continue to be accepted as officially valid documents.