Strategy adopted by RBI for Financial Inclusion
- Speech delivered by Dr. Deepali Pant Joshi, Executive Director, Reserve Bank of India at a workshop organised by Government of Madhya Pradesh at New Delhi on January 24, 2014 One of the major challenges for next decade or more to banks in the country is to capture the banking business of over 50% population… Read More
Tags: Financial inclusion, Financial services, India, Raghuram Rajan, rbi, Reserve Bank of India, Run batted in, Unique Identification Authority of India
Security and Risk Mitigation Measures for Card Present Transactions
RBI/2013 -14/380 DPSS (CO) PD No.1164/ 02.14.003/2013-14 November 26, 2013 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks/ Authorised Card Payment Networks Madam / Dear Sir, Security and Risk Mitigation Measures for Card Present Transactions… Read More
Tags: Aadhaar, Banks, Central bank, EMV, Financial transaction, Run batted in, Unique Identification Authority of India, Working Group
National Identification Authority of India Bill, 2013 to be introduced in the winter session of Parliament
So far, about 47 crore 85 lakh Aadhaars have been issued and the enrollment process is in full swing to meet the target. Enroll for Aadhaar is done at designated centres only and appointment for the same can be obtained online at the following link https://appointments.uidai.gov.in/easearch.aspx. However, for actual enrollment process, physical presence of the resident is a must. It is also clarified that certain… Read More
Tags: Aadhaar, Government, India, National Identification Authority of India, National Identification Authority of India Bill, Rajya Sabha, UIDAI, Unique Identification Authority of India
RBI Directive w.r.t. Operational Procedure to be followed by UCBs for e-KYC exercise
RBI/203-14/263 UBD.BPD (PCB) Cir. No.15/14.01.062/2013-14 September 17, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks. Madam / Dear Sir, Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 e-KYC Service of UIDAI Recognising on-line Aadhaar authentication (electronic verification… Read More
Tags: Aadhaar, Know Your Customer, KYC, money laundering, Phone, Prevention of Money Laundering Act 2002, UIDAI, Unique Identification Authority of India
Government to Extend DBT for LPG (DBTL) Scheme in 235 More Districts by 1.1.2014
Government to Extend DBT for LPG (DBTL) Schme in 235 More Districts by 1.1.2014 Covering Overall 289 Districts; RS.272 Crore Cash Subsidy Transferred through 6.23 Million Transactions into the Bank Accounts of the LPG Consumers so Far Government of India has decided to extend the Direct Benefit Transfer for LPG (DBTL) Scheme in 235 more… Read More
Tags: Bank account, DBTL, Direct Benefit Transfer, Down by the Laituri, LPG, Scheme, Subsidy, Unique Identification Authority of India
RBI Clarification w.r.t. KYC Procedure under PMLA – Recognising online Aadhaar authentication
RBI/2013-14/242 RPCD.RRB.RCB.AML.BC.No.32/07.51.018/2013-14 September 10, 2013 The Chairmen / CEOs of all Regional Rural Banks / State and Central Co-operative Banks Dear Sir, Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 e-KYC Service of UIDAI Recognising on-line Aadhaar authentication… Read More
Tags: Aadhaar, Bank, Biometrics, KYC, Regional Rural Bank, Terrorism financing, UIDAI, Unique Identification Authority of India
RBI Update w.r.t. Recognising on-line Aadhaar authentication to be accepted as an ˜Officially Valid Document™ under PML Rules
RBI/2013-14/209 DBOD.AML.BC.No.44/14.01.001/2013-14 September 2, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 e-KYC Service of UIDAI Recognising… Read More
Tags: Aadhaar, India, Know Your Customer, KYC, money laundering, Terrorism financing, UIDAI, Unique Identification Authority of India
More than 40 crore aadhaar numbers generated till date
Unique Identification Authority of India, UIDAI has reiterated that the target of 60 crore Aadhaar enrolments will be achieved by 2014. More than 40 crore 29 lakh Aadhaar numbers have been issued till date and the process is continuing at a healthy pace. Only in the month of July, 2013, about Two Crore Aadhaar numbers have been generated. It has also announced the setting up of… Read More
Tags: Arunachal Pradesh, Himachal Pradesh, India, Jammu and Kashmir, Madhya Pradesh, UIDAI, Unique Identification Authority of India, Uttar Pradesh
Aadhaar Card as Address Proof
Reserve Bank of India (RBI) has notified that the Aadhaar Card is a valid proof for opening of a bank account under the Know Your Customer (KYC) scheme. RBI vide its circular dated 28.09.2011 has advised banks to accept the Aadhar letter issued by Unique Identification Authority of India (UIDAI) as an officially valid document… Read More
Tags: Bank account, India, Know Your Customer, Liquefied petroleum gas, Lok Sabha, Reserve Bank of India, Run batted in, Unique Identification Authority of India
Direct Benefit Transfer for LPG (DBTL) Scheme – report
Direct Benefit Transfer for LPG (DBTL) Scheme commences in Mandi today ; all 20 phase-I districts covered ; DBTL Scheme Hits another milestone; over 3 Million Transactions carried out The Direct Benefit Transfer for LPG (DBTL) scheme, which is being implemented in high Aadhar enrolment districts, has commenced operations in Mandi district of Himachal Pradesh from today.… Read More
Tags: Bank, DBTL, Direct Benefit Transfer, Down by the Laituri, Liquefied petroleum gas, LPG, Scheme, Unique Identification Authority of India
Government approves Free Trade LPG (FTL) Scheme for selling 5kg LPG Cylinders through COCO Retail Outlets
Government approves Free Trade LPG (FTL) Scheme for selling 5kg LPG Cylinders through COCO Retail Outlets ; Scheme to be launched on Pilot Basis in Four Metro & Bangalore cities ; COCO Retail Outlets to sell 5 kg LPG cylinders at Non-domestic prices ; The Scheme introduces flexibility of time and quantity in getting LPG to benefit mobile… Read More
Tags: Bangalore, Languages, Liquefied petroleum gas, Lisp, Programming, Scheme, Unique Identification Authority of India, Veerappa Moily
Direct Benefit Transfer for LPG Scheme – Progress
Dr Moily describes progress of DBTL Scheme a success with 2.28 million transactions achieved within 6 weeks; Petroleum Minister Reviews implementation of DBTL Scheme in 19 Districts The Minister of Petroleum and Natural Gas Dr M Veerappa Moily has said that implementation of Direct Benefit Transfer for LPG (DBTL) Scheme has been a matter of great… Read More
Tags: DBTL, Direct Benefit Transfer, India, Liquefied petroleum gas, LPG, Nandan Nilekani, Unique Identification Authority of India, Veerappa Moily
Direct Benefit Transfer (DBT) Scheme
RBI/2013-14/129 RPCD.CO. LBS.BC.No.11/02.01.001/2013-14 July 9, 2013 To CMDs of all SLBC Convenor banks and Lead banks Dear Sir, Direct Benefit Transfer (DBT) Scheme A workshop on DBT Scheme was recently held in Mysore which was interalia attended by Chairman, Unique Identification Authority of India (UIDAI), Finance Secretaries of select States, Top Management of Reserve Bank of India… Read More
Tags: Bank account, DBT, Direct Benefit Transfer, Karnataka, Liquefied petroleum gas, LPG, Mysore, Unique Identification Authority of India