Aadhaar Virtual ID Verification is now Operational, Banks must deploy VID by Aug 31
Unique Identification Authority of India (UIDAI) has announced that, Aadhaar Virtual ID (VID) verification mechanism is said to be now in operational.
Aadhaar Virtual ID system will allow users to provide a virtually generated code instead of the actual 12-digit identifier in an effort to safeguard privacy. Banks will have time till August 31 to deploy the tool for user verification in their systems. Aadhaar holders can generate the Virtual ID from the official website and then produce it for authentication purposes; the virtual code can be generated multiple times.
How to Generate Aadhaar Virtual ID
In an official statement “UIDAI said virtual ID (VID) system is operational with Authentication User Agencies (AUAs) which have migrated to VID and UID token using the software (Auth API 2.5 and e-KYC API 2.5) that supports new VID capability. The body has also classified all authentication agencies registered with it into two heads – global or local. Banks have been categorised as global AUAs, and telecom companies amongst local AUAs for the purpose of authentication and KYC entitlement.”
UIDAI norms are like :- global AUAs will be allowed access to complete KYC with Aadhaar number, and the entities classified as local AUAs will have limited access to KYC details of customers. According to UIDAI release, the telecom companies and e-sign companies, which may not have implemented the VID system from tomorrow shall be charged Rs. 0.20 for every transaction performed thereafter, a sort of ‘disincentive’. However, in case they are able to fully migrate to the new platform by July 31, the entire “authentication transaction charges imposed for the above said period of July 1-31, 2018, shall be waived”.
UIDAI official said ” Also, for all other the AUAs including banks…………..Read More>>
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