Q:What is APB?
A:Aadhaar Payments Bridge (APB) is a Payments system, where payments can be made to targeted Residents using Aadhaar as the Financial Address instead of Bank Account number.
Q:What is the pre-requisite to initiate payment through APB?
A:There are three primary requirements before a payment can be made successfully using APB:
The Resident’s Aadhaar to be linked with the Bank Account;
Aadhaar to be linked in the database of the paying agency, such as a Government Welfare Scheme;
The Paying agency to be registered on APB and get an APB Registration ID.
Q:What is AePS?
A:AePS (Aadhaar Enabled Payments System) is a payment service offered by the National Payments Corporation of India (NPCI) to banks, financial institutions using ‘Aadhaar’ number and online UIDAI authentication through their respective Business correspondent service Centers / Bank Mitras.
Q:Does the Resident need to have a bank account for availing AEPS?
A:Yes, the customer needs to have a bank account linked to his/ her Aadhaar with the bank offering the AEPS service.
Q:What is Aadhaar Seeding?
A:Aadhaar Seeding is the process of linking the Aadhaar in various beneficiary databases. Examples include linking of Aadhaar to the Bank Accounts, to Pension ID for Pensioners and to Job Card Number of NREGS Wage Seekers, etc.
Q:Can a Resident link the Aadhaar to more than one account within a bank?
A:Yes. However the bank shall keep only one of the accounts as primary account which would receive all AEPS transactions.
Q:Can a Resident link the Aadhaar to more than one Account in different Banks?
A:Yes. However, the Account that has been Seeded last backed with a mandate to the bank to receive payments – will be active for receiving payments through APB.
Q:What is the e-KYC service?
A:UIDAI offers the e-KYC service, which enables a resident having an Aadhaar number to share their demographic information and photograph with a UIDAI partner organization in an online, secure, auditable manner with the residents consent. The consent by the resident can be given via a Biometric authentication or an One Time Password (OTP) authentication.
Q:What information is shared in the e-KYC service?
A:The Aadhaar holders demographic information i.e Name, Address, Date of Birth, Gender, Phone & Email (where available) & Photograph which is currently available with the resident is shared via the e-KYC service.
Q:Who can use the e-KYC service?
A:The e-KYC service is envisaged as a public benefit service. Any organization, authorized and approved by UIDAI to use this service can deploy the e-KYC service to serve its business interest. UIDAI envisages, initially organisations such as Banks, Telecom, Financial Services etc who have a regulatory compliance to perform a KYC function will be the front runners in leveraging this service.
Q: What is the process to start using the e-KYC service?
A:Organizations interested in using the e-KYC service, will need to get approved and authorized by UIDAI to use this service.
Q:What are the key features of the e-KYC service?
A:Some of the key features of the e-KYC service are:
Paperless: The service is fully electronic, enabling elimination of KYC document management
Consent based: Data is shared by the resident consent through Aadhaar authentication, thus protecting resident privacy.
Secure and compliant with the IT Act: Data transfer are secured through the use of encryption and digital signature as per the Information Technology Act, 2000 making e-KYC document legally equivalent to paper documents.
Non-repudiable: The use of resident authentication for authorization, the affixing of a digital signature by the service provider originating the e-KYC request, and the affixing of a digital signature by UIDAI when providing the e-KYC data makes the entire transaction non-repudiable by all parties involved.
Instantaneous: The service is fully automated, and KYC data is furnished in real-time, without any manual intervention
Regulator friendly: The service providers can provide a portal to the Ministry/Regulator for auditing all e-KYC requests.
Q:What is the regulatory stance on the e-KYC service?
A:RBI, IRDA, PFRDA & SEBI have accepted UIDAI’s e-KYC service as a valid KYC.
A:Aadhaar Payments Bridge (APB) is a Payments system, where payments can be made to targeted Residents using Aadhaar as the Financial Address instead of Bank Account number.
Q:What is the pre-requisite to initiate payment through APB?
A:There are three primary requirements before a payment can be made successfully using APB:
The Resident’s Aadhaar to be linked with the Bank Account;
Aadhaar to be linked in the database of the paying agency, such as a Government Welfare Scheme;
The Paying agency to be registered on APB and get an APB Registration ID.
Q:What is AePS?
A:AePS (Aadhaar Enabled Payments System) is a payment service offered by the National Payments Corporation of India (NPCI) to banks, financial institutions using ‘Aadhaar’ number and online UIDAI authentication through their respective Business correspondent service Centers / Bank Mitras.
Q:Does the Resident need to have a bank account for availing AEPS?
A:Yes, the customer needs to have a bank account linked to his/ her Aadhaar with the bank offering the AEPS service.
Q:What is Aadhaar Seeding?
A:Aadhaar Seeding is the process of linking the Aadhaar in various beneficiary databases. Examples include linking of Aadhaar to the Bank Accounts, to Pension ID for Pensioners and to Job Card Number of NREGS Wage Seekers, etc.
Q:Can a Resident link the Aadhaar to more than one account within a bank?
A:Yes. However the bank shall keep only one of the accounts as primary account which would receive all AEPS transactions.
Q:Can a Resident link the Aadhaar to more than one Account in different Banks?
A:Yes. However, the Account that has been Seeded last backed with a mandate to the bank to receive payments – will be active for receiving payments through APB.
Q:What is the e-KYC service?
A:UIDAI offers the e-KYC service, which enables a resident having an Aadhaar number to share their demographic information and photograph with a UIDAI partner organization in an online, secure, auditable manner with the residents consent. The consent by the resident can be given via a Biometric authentication or an One Time Password (OTP) authentication.
Q:What information is shared in the e-KYC service?
A:The Aadhaar holders demographic information i.e Name, Address, Date of Birth, Gender, Phone & Email (where available) & Photograph which is currently available with the resident is shared via the e-KYC service.
Q:Who can use the e-KYC service?
A:The e-KYC service is envisaged as a public benefit service. Any organization, authorized and approved by UIDAI to use this service can deploy the e-KYC service to serve its business interest. UIDAI envisages, initially organisations such as Banks, Telecom, Financial Services etc who have a regulatory compliance to perform a KYC function will be the front runners in leveraging this service.
Q: What is the process to start using the e-KYC service?
A:Organizations interested in using the e-KYC service, will need to get approved and authorized by UIDAI to use this service.
Q:What are the key features of the e-KYC service?
A:Some of the key features of the e-KYC service are:
Paperless: The service is fully electronic, enabling elimination of KYC document management
Consent based: Data is shared by the resident consent through Aadhaar authentication, thus protecting resident privacy.
Secure and compliant with the IT Act: Data transfer are secured through the use of encryption and digital signature as per the Information Technology Act, 2000 making e-KYC document legally equivalent to paper documents.
Non-repudiable: The use of resident authentication for authorization, the affixing of a digital signature by the service provider originating the e-KYC request, and the affixing of a digital signature by UIDAI when providing the e-KYC data makes the entire transaction non-repudiable by all parties involved.
Instantaneous: The service is fully automated, and KYC data is furnished in real-time, without any manual intervention
Regulator friendly: The service providers can provide a portal to the Ministry/Regulator for auditing all e-KYC requests.
Q:What is the regulatory stance on the e-KYC service?
A:RBI, IRDA, PFRDA & SEBI have accepted UIDAI’s e-KYC service as a valid KYC.
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