UIDAI Relaxes Deadline Norms for Banks to Implement Minimum Aadhar Enrollments | CORPORATE ETHOS

UIDAI Relaxes Deadline Norms for Banks to Implement Minimum Aadhar Enrollments

By: | September 3, 2018
Aadhar

Sep 3: The Unique Identification Authority of India (UIDAI) has relaxed norms for banks to complete minimum Aadhar enrolments and updations. According to a communication sent to the banks, the deadline for carrying out eight minimum enrolment and updation of Aadhaar in identified branches has now been extended to December 31.

As per earlier stipulation, banks were supposed to carry out a minimum of eight Aadhar enrolment or updation in its stipulated branches with Aadhaar facility from July 1, 2018. The minimum enrolments were to be increased to 1 by October 1, 2018 and to 16 from January 1, 2019.

With the new norms, the minimum count of eight Aadhaar enrolments will stay valid until January 1. Banks have also been given a breathing space by making the mandatory minimum enrolment effective from November 1st. Banks will have to ensure that the minimum enrolment of Aadhaar is raised to 12 from January 1, 2019, while from April 1, 2019, the number should be raised to 16.

Banks failing to follow the timeframe would have to bear financial disincentives, while those who meet the fresh targets will be free of financial disincentives regardless of whether they have carried out the minimum enrolment and updation of Aadhaar during the period between July and October as said earlier. Failure to meet the norms will however attract financial disincentives from July 2018.

UIDAI has decided to relax the deadline after certain banks cited difficulties in achieving the targets in some states. This included the difficult of banks in calamity-hit states like Kerala. Technical problems in rolling out the enrolment facility were also pointed out as the reason by some banks.