{"id":5403,"date":"2021-09-29T10:31:03","date_gmt":"2021-09-29T10:31:03","guid":{"rendered":"https:\/\/signdesk.com\/in\/?p=5403"},"modified":"2025-09-17T07:12:14","modified_gmt":"2025-09-17T12:42:14","slug":"rbi-releases-new-aadhaar-ekyc-application-guidelines-for-nbfcs","status":"publish","type":"post","link":"https:\/\/melento.ai\/en-in\/blog\/rbi-releases-new-aadhaar-ekyc-application-guidelines-for-nbfcs","title":{"rendered":"RBI Releases New Aadhaar eKYC Application Guidelines For NBFCs"},"content":{"rendered":"<h2 style=\"font-family: 'open sans';\"><span style=\"color: #008000;\"><strong>New Aadhaar Licence Procedure For NBFCs<\/strong><\/span><\/h2>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #333300;\"><span style=\"font-weight: 400;\">In a notification sent on September 13, 2021; RBI informed the chairpersons &amp; CEOs of NBFCs of the new guidelines for applying for an Aadhaar licence to use <\/span><strong><a style=\"color: #333300;\" href=\"https:\/\/signdesk.com\/digital-kyc\">online eKYC<\/a><\/strong><span style=\"font-weight: 400;\"> for client authentication via the client\u2019s Aadhaar number.\u00a0<\/span><\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #333300;\"><span style=\"font-weight: 400;\">Under the <\/span><strong><a style=\"color: #333300;\" href=\"https:\/\/dor.gov.in\/sites\/default\/files\/circular%20dated%2009.05.2019%20of%20PMLA.pdf\">Prevention of Money Laundering Act (2002)<\/a><\/strong><span style=\"font-weight: 400;\"><strong>,<\/strong> the Central Government can allow non-banking entities to carry out customer authentication via online eKYC, by releasing a notification following consultation with UIDAI and appropriate regulators.<\/span><\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #333300;\">Before this, NBFCs were barred entirely from using the Aadhaar online eKYC facility for client authentication due to a supreme court ruling in 2018 that expressed concerns regarding the risks of online eKYC and put an end to the usage of eKYC for client authentication of any contract.<\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #333300;\">Subsequently, PMLA (2002) was amended and Section 11A was inserted, which allowed for &#8211;\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans';\" aria-level=\"1\"><span style=\"font-weight: 400; color: #333300;\">Banking companies to employ<strong> <a style=\"color: #333300;\" href=\"https:\/\/melento.ai\/en-in\/blog\/ekyc-explained-all-you-need-to-know-about-ekyc\">Aadhaar eKYC<\/a><\/strong> for authentication<\/span><\/li>\n<li style=\"font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans';\" aria-level=\"1\"><span style=\"font-weight: 400; color: #333300;\">The central government, in consultation with UIDAI, to permit non-banking companies to use eKYC<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #333300;\">Additionally, Section 11A allows the Ministry of Finance to issue notifications permitting non-banking financial companies to use eKYC provided they follow the application steps outlined below.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5410 aligncenter\" src=\"https:\/\/melento.ai\/en-in\/blog\/wp-content\/uploads\/2021\/09\/RBI-Releases-New-eKYC-Application-Guidelines-For-NBFCs-01-1-1-1.jpg\" alt=\"RBI- New-Aadhaar-eKYC-NBFC\" width=\"1200\" height=\"628\" \/><\/p>\n<h2><span style=\"color: #008000;\"><strong>How can NBFCs start using <a style=\"color: #008000;\" href=\"https:\/\/melento.ai\/en-in\/blog\/ekyc-explained-all-you-need-to-know-about-ekyc\">eKYC<\/a>?<\/strong><\/span><\/h2>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #333300;\"><span style=\"font-weight: 400;\">According to RBI\u2019s <\/span><strong><a style=\"color: #333300;\" href=\"https:\/\/rbidocs.rbi.org.in\/rdocs\/notification\/PDFs\/EKYCCD5A7A5B2F70471883B6E45D84E35855.PDF\">notification<\/a><\/strong><span style=\"font-weight: 400;\">, NBFCs will have to apply for an Aadhaar authentication licence to utilize the eKYC services provided by UIDAI. This licence can either be a KYC User Agency (KUA) Licence or a sub-KUA Licence.\u00a0<\/span><\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #333300;\">Both these licences will be issued by UIDAI and entities including NBFCs, payment system providers, and payment system participants desirous of obtaining these licences must submit an Aadhaar Licence application to UIDAI.\u00a0<\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #333300;\"><span style=\"font-weight: 400;\">The format for this application can be found <\/span><strong><a style=\"color: #333300;\" href=\"https:\/\/rbidocs.rbi.org.in\/rdocs\/content\/pdfs\/Applicationform13092021.pdf\">here<\/a><\/strong><span style=\"font-weight: 400;\">. This application can be sent via email to the appropriate regulator, which in this case is the RBI. Specifically, the application must be sent to the Chief General Manager In-Charge of the Department of Regulation at RBI.\u00a0<\/span><\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #333300;\">After scrutiny and consequent approval from the regulator, the application is forwarded to UIDAI where it will be further examined. Following recommendations from the UIDAI, the central government will grant the applicant permission to perform <strong><a style=\"color: #333300;\" href=\"https:\/\/melento.ai\/en-in\/blog\/aadhaar-based-ekyc\">eKYC<\/a><\/strong> and UIDAI will provide the necessary authorizations to conduct eKYC.<\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #333300;\">These authorizations will be subject to payment of Aadhaar licence fees and compliance with the terms of the Aadhaar Act.<\/span><\/p>\n<h2><span style=\"color: #008000;\"><strong>eKYC &#8211; What NBFCs need to know<\/strong><\/span><\/h2>\n<h3><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-5411 alignleft\" src=\"https:\/\/melento.ai\/en-in\/blog\/wp-content\/uploads\/2021\/09\/RBI-Releases-New-eKYC-Application-Guidelines-For-NBFCs-02-1-1-1.jpg\" alt=\"eKYC\" width=\"357\" height=\"286\" \/><\/h3>\n<h3><span style=\"color: #333300;\"><strong>What is eKYC?<\/strong><\/span><\/h3>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #333300;\"><strong><a style=\"color: #333300;\" href=\"https:\/\/melento.ai\/en-in\/blog\/ekyc-explained-all-you-need-to-know-about-ekyc\">eKYC<\/a><\/strong><span style=\"font-weight: 400;\"> is a digital procedure for customer <strong><a style=\"color: #333300;\" href=\"https:\/\/melento.ai\/en-in\/blog\/why-nbfcs-require-a-holistic-approach-to-kyc-verification\">KYC verification<\/a><\/strong> carried out using just the customer\u2019s 12-digit Aadhaar number.\u00a0<\/span><\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #333300;\">Once a citizen enrolls for the UIDAI\u2019s Aadhaar initiative, their data is collected and stored by UIDAI in a secure database for authentication purposes. This data includes &#8211;\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans';\" aria-level=\"1\"><span style=\"font-weight: 400; color: #333300;\">Demographic information &#8211; Name, Date of Birth (Verified) or Age (Declared), Gender, Address, Mobile Number (Optional), and Email ID (Optional)<\/span><\/li>\n<li style=\"font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans';\" aria-level=\"1\"><span style=\"font-weight: 400; color: #333300;\">Biometric information &#8211; Ten fingerprints, Iris scan, Facial live picture\u00a0<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #333300;\"><span style=\"font-weight: 400;\">Find out all you\u2019ve ever wanted to know about eKYC <\/span><strong><a style=\"color: #333300;\" href=\"https:\/\/melento.ai\/en-in\/blog\/ekyc-explained-all-you-need-to-know-about-ekyc\">here<\/a><\/strong><span style=\"font-weight: 400;\">.\u00a0<\/span><\/span><\/p>\n<h3><span style=\"color: #333300;\"><strong>Types of eKYC<\/strong><\/span><\/h3>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #333300;\"><a style=\"color: #333300;\" href=\"https:\/\/signdesk.com\/digital-kyc\"><span style=\"font-weight: 400;\">eKYC<\/span><\/a><span style=\"font-weight: 400;\"> comes in two flavours &#8211; online &amp; offline.\u00a0<\/span><\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #333300;\">Offline methods for eKYC include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans';\" aria-level=\"1\"><span style=\"color: #333300;\"><b><u>Aadhaar XML file<\/u><\/b><span style=\"font-weight: 400;\">, where the customer <a href=\"https:\/\/melento.ai\/en-in\/blog\/how-to-download-aadhaar-xml-file\">downloads an Aadhaar XML file<\/a> containing their identifying information from the UIDAI website and provides it to a verifier.\u00a0<\/span><\/span><\/li>\n<li style=\"font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans';\" aria-level=\"1\"><span style=\"color: #333300;\"><b><u>QR-code authentication<\/u><\/b><span style=\"font-weight: 400;\">, where the QR-code on the back of a customer\u2019s Aadhaar card is scanned to obtain authenticating information.<\/span><\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #333300;\">Both these methods were available for use by NBFCs, but they\u2019ve got their own drawbacks.\u00a0<\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #333300;\">Online methods for <strong><a style=\"color: #333300;\" href=\"https:\/\/melento.ai\/en-in\/blog\/rbi-governor-announces-changes-to-kyc-norms\">eKYC<\/a> include<\/strong>:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans';\" aria-level=\"1\"><span style=\"color: #333300;\"><b><u>OTP-based authentication<\/u><\/b><span style=\"font-weight: 400;\">, where the customer simply enters an OTP sent to their Aadhaar-registered mobile number in order to be authenticated.\u00a0<\/span><\/span><\/li>\n<li style=\"font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans';\" aria-level=\"1\"><span style=\"color: #333300;\"><b><u>Biometric authentication<\/u><\/b><span style=\"font-weight: 400;\">, where a scanner is used to collect the customer\u2019s biometric information which is matched with the information in <a style=\"color: #333300;\" href=\"https:\/\/uidai.gov.in\/\">UIDAI<\/a>\u2019s database.<\/span><\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #333300;\"><span style=\"font-weight: 400;\">NBFCs can employ online eKYC procedures but have to pay a\u00a0 <\/span><span style=\"font-weight: 400;\">\u20b9<\/span><span style=\"font-weight: 400;\"> 20 transaction fee for every <a style=\"color: #333300;\" href=\"https:\/\/melento.ai\/en-in\/blog\/why-you-should-be-onboarding-customers-with-ekyc\">eKYC verification<\/a> performed.<\/span><\/span><\/p>\n<h3><span style=\"color: #333300;\"><strong>How online eKYC works<\/strong><\/span><\/h3>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #333300;\">RBI\u2019s procedure for performing <a style=\"color: #333300;\" href=\"https:\/\/melento.ai\/en-in\/blog\/rbi-permits-use-of-video-kyc-authentication\">eKYC<\/a> is exceedingly simple and takes mere minutes to perform.\u00a0<\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #333300;\"><span style=\"font-weight: 400;\">Here\u2019s how online <\/span><strong><a style=\"color: #333300;\" href=\"https:\/\/signdesk.com\/digital-kyc\">eKYC verification<\/a><\/strong><span style=\"font-weight: 400;\"> goes.\u00a0<\/span><\/span><\/p>\n<ul>\n<li style=\"font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans';\" aria-level=\"1\"><span style=\"font-weight: 400; color: #333300;\">The customer provides their 12-digit Aadhaar number<\/span><\/li>\n<li style=\"font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans';\" aria-level=\"1\"><span style=\"font-weight: 400; color: #333300;\">The customer either generates an OTP on their registered mobile number, or biometric scanners are used to scan fingerprints or retina<\/span><\/li>\n<li style=\"font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans';\" aria-level=\"1\"><span style=\"font-weight: 400; color: #333300;\">The OTP is verified by <a style=\"color: #333300;\" href=\"https:\/\/uidai.gov.in\/\"><strong>UIDAI<\/strong>,<\/a> or scanner readings are verified with original fingerprints &amp; retina scans<\/span><\/li>\n<li style=\"font-weight: 400; text-align: justify; font-size: 17px; font-family: 'open sans';\" aria-level=\"1\"><span style=\"font-weight: 400; color: #333300;\">Once verification is complete, <a style=\"color: #333300;\" href=\"https:\/\/uidai.gov.in\/\">UIDAI<\/a> releases demographic information to the agent or organization performing eKYC. This information can be stored in a remote server for easy access.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #333300;\">The entire procedure is completely digital, paper-free, and doesn\u2019t require the customer to carry any identifying documents, making it seamless and customer-friendly.<\/span><\/p>\n<h2><span style=\"color: #008000;\"><strong>What NBFCs can expect from eKYC<\/strong><\/span><\/h2>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><strong><a href=\"https:\/\/melento.ai\/en-in\/blog\/ekyc-explained-all-you-need-to-know-about-ekyc\"><span style=\"color: #333300;\">eKYC<\/span><\/a><\/strong><span style=\"font-weight: 400; color: #333300;\"> provides numerous advantages to both NBFCs and their customers. Here are the benefits NBFCs can likely experience by switching to eKYC from regular paper-based KYC verification.\u00a0<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><span style=\"color: #333300; font-size: 18px; font-family: 'open sans';\"><b>Instant verification<\/b><\/span><\/li>\n<\/ul>\n<p style=\"padding-left: 30px; text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #333300;\">Customers are verified almost instantly. By digitizing <a href=\"https:\/\/melento.ai\/en-in\/blog\/all-about-kyc-verification\">KYC verification<\/a>, <a style=\"color: #333300;\" href=\"https:\/\/melento.ai\/en-in\/blog\/ekyc-explained-all-you-need-to-know-about-ekyc\">eKYC<\/a> reduces the time taken to verify a customer from 10-20 days to mere minutes.\u00a0<\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #333300;\">This has precipitated an enormous reduction in operating costs for businesses, estimated at 90%, and a stark rise in efficiency and time saved.\u00a0<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><span style=\"color: #333300; font-size: 18px; font-family: 'open sans';\"><b>Increased security\u00a0<\/b><\/span><\/li>\n<\/ul>\n<p style=\"padding-left: 30px; text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #333300;\">Biometric technology for <strong><a style=\"color: #333300;\" href=\"https:\/\/melento.ai\/en-in\/vcip\">KYC verification<\/a><\/strong> and data security measures for the Central Identities Data Repository (which houses Aadhaar information) ensures that customer data is safe and deter fraud.\u00a0<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><span style=\"color: #333300; font-size: 18px; font-family: 'open sans';\"><b>Zero paper documents\u00a0<\/b><\/span><\/li>\n<\/ul>\n<p style=\"padding-left: 30px; text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #333300;\">eKYC requires no identifying documents, as all the information required to verify a customer is directly available from the Aadhaar database.\u00a0<\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #333300;\">This reduces dependencies on paper-based documentation and has been shown to boost productivity and audit efficiency.\u00a0<\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #333300;\">The ease of the <a style=\"color: #333300;\" href=\"https:\/\/melento.ai\/en-in\/blog\/ekyc-explained-all-you-need-to-know-about-ekyc\">eKYC<\/a> channel also encourages customers to go through with the authentication process and not stop the process mid-way, resulting in 60% fewer KYC drop-offs.\u00a0<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><span style=\"color: #333300; font-size: 18px; font-family: 'open sans';\"><b>Market penetration &amp; financial inclusivity\u00a0<\/b><\/span><\/li>\n<\/ul>\n<p style=\"padding-left: 30px; text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #333300;\">India has over a billion Aadhaar cardholders, and all their information is available in the UIDAI database. With <a style=\"color: #333300;\" href=\"https:\/\/melento.ai\/en-in\/blog\/everything-you-need-to-know-about-rbi-amended-vcip\">eKYC<\/a> directly integrated with this database, businesses no longer need to invest large magnitudes of funds to expand their markets.\u00a0<\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #333300;\">\u00a0<strong><a style=\"color: #333300;\" href=\"https:\/\/melento.ai\/en-in\/blog\/ekyc-for-healthcare\">eKYC<\/a><\/strong> allows customers with Aadhaar to be verified instantly with minimal machinery to be put in place on the verifier\u2019s side.\u00a0<\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #333300;\">Hence, businesses can use eKYC to expand cost-effectively into new markets and bring more customers into the official financial sector by providing them with the opportunity to easily open accounts &amp; access credit.\u00a0<\/span><\/p>\n<h2><span style=\"color: #008000;\"><strong>Melento (Formerly SignDesk): Award-winning <a style=\"color: #008000;\" href=\"https:\/\/melento.ai\/en-in\/blog\/kyc-verification\">KYC Verification<\/a><\/strong><\/span><\/h2>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #333300;\"><span style=\"font-weight: 400;\">Melento (Formerly SignDesk) is a seasoned &amp; award-winning RegTech pioneer providing <\/span><strong><a style=\"color: #333300;\" href=\"https:\/\/signdesk.com\/documentation-workflow-products\">AI-powered verification and documentation solutions<\/a><\/strong><span style=\"font-weight: 400;\"> to businesses.\u00a0<\/span><\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #333300;\">We use real-time document verification techniques, OCR-enabled image data extraction, facial matching &amp; ML-based fraud filters to automate and expedite the KYC verification process.\u00a0<\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #333300;\"><span style=\"font-weight: 400;\">Our <\/span><strong><a style=\"color: #333300;\" href=\"https:\/\/signdesk.com\/digital-kyc\">KYC verification solutions<\/a><\/strong><span style=\"font-weight: 400;\"> have helped our 350+ clients reduce onboarding expenses, cut down on KYC drop-offs, reduce TAT by 99%, and safeguard against fraud using cutting-edge compliance technology.<\/span><\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"color: #333300;\"><span style=\"font-weight: 400;\">Our efforts to automate KYC have been recognized in the form of numerous <\/span><a style=\"color: #333300;\" href=\"https:\/\/melento.ai\/awards\"><span style=\"font-weight: 400;\">awards<\/span><\/a><span style=\"font-weight: 400;\">, the latest being the Best AI\/ML Product at InnTech 2020 and the Global Banking &amp; Finance Review\u2019s <strong>Best Digital Onboarding Product of 2020<\/strong>.\u00a0<\/span><\/span><\/p>\n<p style=\"text-align: justify; font-size: 17px; font-family: 'open sans';\"><span style=\"font-weight: 400; color: #333300;\">Are you ready to join 60+ major banks &amp; NBFCs, and start onboarding with <strong><a style=\"color: #333300;\" href=\"https:\/\/melento.ai\/en-in\/vcip\">digital KYC<\/a><\/strong>? Book a free demo with us now and let\u2019s get started!<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"#name\"><br \/>\n<button class=\"wpcf7-form-control wpcf7-submit envor-btn envor-btn-primary envor-btn-normal\" type=\"button\"><b>Request for free demo<\/b><br \/>\n<\/button><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Aadhaar Licence Procedure For NBFCs In a notification sent on September 13, 2021; RBI informed the chairpersons &amp; CEOs of NBFCs of the new guidelines for applying for an Aadhaar licence to use online eKYC for client authentication via the client\u2019s Aadhaar number.\u00a0 Under the Prevention of Money Laundering Act (2002), the Central Government [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":5974,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"page_templates\/blog-new-3.php","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[20],"tags":[46,47,147,549,575,587,654,827,829,831,834,835,1477,1479,1487,1632,1689,1959,2385],"class_list":["post-5403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulations","tag-aadhaar-ekyc","tag-aadhaar-ekyc-solutions","tag-ai-powered-verification-and-documentation-solutions","tag-digitak-kyc","tag-digital-kyc-verification-solution","tag-digital-onboarding","tag-digitizing-kyc","tag-ekyc-api","tag-ekyc-nbfc","tag-ekyc-online","tag-ekyc-verification","tag-ekyc-verification-services","tag-kyc-user-agency-kua","tag-kyc-verification","tag-kyc-verification-process","tag-nbfc-ekyc","tag-offline-kyc","tag-rbis-notification-ekyc","tag-video-kyc-solutions"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Aadhaar eKYC application guidelines for NBFCs | Melento (Formerly SignDesk)<\/title>\n<meta name=\"description\" content=\"RBI has released new guidelines for NBFCs to apply for Aadhaar eKYC licences. Read more about the new eKYC rules at the link. Request free eKYC demo.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/melento.ai\/en-in\/blog\/rbi-releases-new-aadhaar-ekyc-application-guidelines-for-nbfcs\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Aadhaar eKYC application guidelines for NBFCs | Melento (Formerly SignDesk)\" \/>\n<meta property=\"og:description\" content=\"RBI has released new guidelines for NBFCs to apply for Aadhaar eKYC licences. Read more about the new eKYC rules at the link. 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