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Aadhaar is a unique 12-digit identification number that acts as proof of address and identity when accessing financial products and services. Using unmasked Aadhaar copies by banks and NBFCs is restricted, whether for storage or during the onboarding process. This not only violates RBI regulations but also poses financial and reputational risks. Masking aadhaar photos […]
Tag Archives: Aadhaar Masking
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Aadhaar provides residents with offline and online identity verification across the country. An Aadhaar card can be useful when opening a bank account. In addition to KYC, it can also be used for identification and verification purposes. Aadhaar authentication is a process of verifying an individual’s identity using their Aadhaar number. Banks and financial institutions […]