• About us
  • Contact us
  • Our team
  • Terms of Service
Tuesday, February 17, 2026
Kashmir Images - Latest News Update
Epaper
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
No Result
View All Result
Kashmir Images - Latest News Update
No Result
View All Result
Home BUSINESS

Nearly 87 crore bank accounts seeded with Aadhaar

Images News Netwok by Images News Netwok
March 5, 2018
in BUSINESS
A A
0
FacebookTwitterWhatsapp

New Delhi, Mar 4 :A month before the expiry of the deadline, around 80 per cent of bank accounts and 60 per cent of mobile connections have been linked with national biometric identifier Aadhaar, according to a senior official at UIDAI.

The government has mandated submission of the 12-digit unique identity number by every bank account holder by March 31, 2018 to weed out unaccounted wealth.

More News

Markets rebound nearly 1 pc on buying in power, banking stocks; Sensex jumps 650 pts

Unemployment in India rises slightly to 5 pc in January: Govt survey

  Indian team to visit US next week to finalise legal text for interim trade pact: Comm Secy

Load More

For the same purpose, Aadhaar linking with income-tax permanent account number or PAN has also been made mandatory.

By March 31, all mobile SIM cards are also to be linked with Aadhaar to establish the identity of mobile phone users.

Out of the 109.9 crore banks accounts, almost 87 crore have been seed with Aadhaar, said the official of the Unique Identification Authority of India (UIDAI), which issues the national ID number.

Of this, 58 crore have already been verified while in case of the rest the authentication process is underway with the documents that have been submitted to the banks, the official said.

The official further said that as against the 142.9 crore active mobile connections, 85.7 crore have already been linked with Aadhaar.

When contacted, UIDAI CEO Ajay Bhushan Pandey told PTI: “Yes, about 80 per cent of the bank accounts have been seeded with Aadhaar, and we hope that the remaining will be covered soon…Financial losses caused to banks and genuine account holders through identity frauds will be curbed.”

With over 1.2 billion residents already enrolled for Aadhaar — a unique 12-digit number backed by fingerprints, iris scans and certain demographic details — the programme today is the world’s largest biometric database.

Aadhaar is required as an identity proof of residents by various government and non-government entities.

While a five-judge Constitution bench is hearing a clutch of pleas challenging the constitutional validity of the Aadhaar programme, as things stand today, PAN, bank accounts, credit cards, insurance policies, mutual funds, pension plans and social welfare benefits will have to be linked to Aadhaar by March 31, 2018.

The UIDAI recently announced a new concept of Virtual ID which an Aadhaar-card holder can generate from its website and give for various purposes, including SIM verification, instead of sharing the actual 12-digit biometric ID.

The soon-to-be-introduced Virtual ID, a random 16-digit number, will give the users the option of not sharing their Aadhaar number at the time of authentication.

Aadhaar has also announced that it will soon include face recognition alongside iris or fingerprint scan as a means of verifying the users, helping those who face issues in biometric authentication or have worn-out fingerprints.

Previous Post

Govt eyes promoting entrepreneurial culture through JKEDI

Next Post

UK tribunal to rule on secret Operation Blue Star files

Images News Netwok

Images News Netwok

Related Posts

Markets rebound nearly 1 pc on buying in power, banking stocks; Sensex jumps 650 pts

Sensex ends in green on IT push
February 16, 2026

Mumbai:  Equity benchmark indices Sensex and Nifty rebounded sharply by nearly 1 per cent on Monday, driven by strong buying...

Read moreDetails

Unemployment in India rises slightly to 5 pc in January: Govt survey

Unemployment stems from unaccountability and lack of empathy towards educated youth…
February 16, 2026

New Delhi:  The rate of unemployment in the country among persons aged 15 years and above rose slightly to 5...

Read moreDetails

  Indian team to visit US next week to finalise legal text for interim trade pact: Comm Secy

February 16, 2026

New Delhi:  A team of Indian officials will visit the US next week to finalise the legal text for an...

Read moreDetails

Startups driving innovation, job creation, says former President Kovind

J&K people have shown courage in face of many challenges: Prez
February 15, 2026

New Delhi:  India has emerged as the world's third-largest startup ecosystem, with over 2 lakh recognised startups driving innovation and...

Read moreDetails

Govt doing a ‘very thorough study’ of non-scheduled flight operators, uncontrolled airfields: Naidu

February 15, 2026

New Delhi: The government is conducting a “very thorough study” of flight operations by non-scheduled operators and uncontrolled airfields to...

Read moreDetails

India raises its commitment to climate action to 5.6% of GDP: FM Sitharaman

India loves celebrating and recognising its diversity: Finance Minister Sitharaman
February 14, 2026

New Delhi:  Finance Minister Nirmala Sitharaman on Saturday said India has hiked spending on climate action in the last six...

Read moreDetails
Next Post
UK tribunal to rule on secret Operation Blue Star files

UK tribunal to rule on secret Operation Blue Star files

  • About us
  • Contact us
  • Our team
  • Terms of Service
E-Mailus: kashmirimages123@gmail.com

© 2025 Kashmir Images - Designed by GITS.

No Result
View All Result
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER

© 2025 Kashmir Images - Designed by GITS.