Importance Of AADHAAR In Banking Sector
Basics of UID (AADHAR) :
i. It will be a randomly generated twelve digit number for every resident of India.Example:2653 8564 4663.
ii. The number will be unique, which means, no two residents will have the same number.
iii. No resident can have two numbers because AADHAAR is based on a
combination of standard information like name, address, age and
bio-metric information which is unique to every person.
iv. AADHAR will be used to prove identity not citizenship.
Importance Of AADHAR In Banking :
1.For opening online Bank Account and doing online transactions :
Starting from basic operations one can make use Aadhar card. In opening
an online bank account the 12-digit number on aadhar card is enough.
Many people fail to understand the significance of Aadhar Card and
suffer in getting ID proof. Any online bookings using credit cards or
debit cards there should an ID proof. At such times one can simply enter
the 12-digit number of aadhar card. Whereas in dealing with other
online transaction it will have a check on corruptions also . Hence if
one knows the weight of Aadhar Card then he/she can easily complete
their works.
2.For PF Transactions: This is a new rule imposed by government of India
on aadhar card. Any salaried employees belonging to any organised
sector must submit their aadhar number for acquiring the benefits of EPO
(Employment Provident Fund). Even if the individual do not have an
aadhar ID, he/she is requested to submit their enrollment ID in order
ensure that they do possess aadhar card.
This is one of the major reasons for knowing about the Application of UID.
3. It is used for getiing New mobile connections:The Department of
telecommunication (DoT) has decided to make biometric verification
mandatory for purchase of SIM cards throughout the country. This
decision is for preventing the misuse of SIM card by the Anti Social
activist .The documents required for the activation of the SIM card are
such as driving license, passport or any other ID proof etc .But now the
UID code is sufficient for its issuance .The idea behind this biometric
authentication is to issue the SIM cards only to the trusted party i.e.
the person with valid ID card and thus making it more secure.
4.Use of Aadhar Card for Voting: The Karnataka state government have
imposed a new rule in election body. That is if the people do not have a
Elector’s Photo ID Card (EPIC) or (sometimes called as Vote’s ID) can
submit their Aadhaar card as identity proof for casting their votes .
5.Miscellaneous applications of Aadhar Card: Passport, pan card are the
few other areas where Aadhar card comes into play. For applying these
IDs one can use his aadhar ID number. Also for any online transactions
one can make use of his ID number. Since Aadhaar number is used
everywhere hence knowing about UID and its Applications is essential.
Courtesy : http://akulapraveen.blogspot.in/
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