The state agencies have used Aadhaar for subsidies and cash transfers, in effect acting as an anchor client, and seeding a large number of users. Regulators appear to be open. The Reserve Bank of India has approved new payment banks and has said that instead of giving licences in chunks ...
By linking MF investments with Aadhaar, one isauthorisingthe agent for seeding one’s Aadhaar number based on PAN or any other combination in all the accounts maintained with asset management companies for KYC (know-your-customer) and other related due diligence purposes in line with PMLA requirem...