What changed
RBI clarified that e-Aadhaar downloaded from UIDAI website can be accepted as an officially valid document under PML Rules by RRBs and StCBs/CCBs. Banks may print the e-Aadhaar from UIDAI portal if the customer provides only the Aadhaar number or carries a downloaded copy, or use e-KYC or simple authentication. Physical Aadhaar card and e-KYC process remain valid.
What it means for you
This expands KYC options for RRBs and cooperative banks, making account opening easier for customers who have only e-Aadhaar. Banks must ensure verification through UIDAI portal or e-KYC to prevent fraud. It reduces reliance on physical documents but requires banks to update their KYC policies accordingly.
What you must do
- Update your bank's KYC policy to include e-Aadhaar as an officially valid document as per RBI guidelines.
- Train staff to accept e-Aadhaar only after verifying it via UIDAI portal printing, e-KYC, or simple authentication.
- Ensure that physical Aadhaar cards and e-KYC processes continue to be accepted as valid documents.
- Maintain strict adherence to AML/CFT standards while using e-Aadhaar for customer identification.
Who it affects
Regional Rural Banks (RRBs), State Cooperative Banks (StCBs), Central Cooperative Banks (CCBs), Customers opening accounts with these banks
Can we accept e-Aadhaar downloaded by the customer themselves?
Yes, but you must verify it by printing the e-Aadhaar from UIDAI portal in the bank, or use e-KYC, or confirm identity/address through simple authentication service of UIDAI.
Is physical Aadhaar still valid for KYC?
Yes, physical Aadhaar card/letter issued by UIDAI and e-KYC process remain valid as officially valid documents.
Do we need to revise our KYC policy?
Yes, RRBs and StCBs/CCBs must revise their KYC policy to incorporate these instructions and ensure strict adherence.