Wednesday, September 6, 2017

Banks get one more month’s time to open Aadhaar units

Unique Identification Authority of India (UIDAI) has given banks one more month to open Aadhaar enrolment centres in 10% of their branches as the deadline ended on August 30.

The UIDAI will impose Rs 20,000 as fine per uncovered branch after September 30. In July, the UIDAI had asked all scheduled and commercial banks to open Aadhaar enrolment and updation facility in one out of 10 branches by August-end. The reprieve of one month has now been granted as many banks sought additional time from the authority for setting up Aadhaar facility on their premises.

UIDAI CEO Ajay Bhushan Pandey said, "Banks requested us to extend the deadline saying they are still in the process of procuring biometric devices, certification of enrolment operators and identifying enrolment agencies, so we have given them till September 30 to set up the facility."

He added, "Non-compliance after the deadline will attract a fine of Rs 20,000 per uncovered branch every month." A bank with 100 branches will need to have Aadhaar enrolment facility in 10 branches and failure to open the facility in, say, five branches even after expiry of the new deadline, would mean that the bank will have to cough up penalty of Rs 1 lakh in the first month itself (at the rate of Rs 20,000 per uncovered branch).

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