Country’s 80+ percent bank accounts linked to Aadhar

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UIDAI

With less than 30 days left before the expiry of the deadline, more than 80 percent bank accounts and above 60 percent of mobile connections were linked to Aadhar with biometric details.

The Unique Identification Authority of India (UIDAI) has confirmed that out of around 110-crore bank accounts, almost 87-crore have been linked to Aadhar.  58 crore of these accounts have already been verified with rest of the authentication process underway with other documents.

85.7 crore out of 142.9 crore phone numbers has also been verified.

Earlier the government had emphasized the importance of linking Aadhar to their bank accounts and phone numbers by 31 December 2017. Later the deadline increased to March 31, 2018.

The details of Aadhar were linked to the income tax permanent number (PAN).

Ajay Bhushan Pandey, CEO, UIDAI told the media,” Yes, about 80 percent of the bank accounts have been seeded with Aadhaar, and we hope that the remaining will be covered soon…Financial losses caused to banks and genuine account holders through identity frauds will be curbed.”

Aadhar has over 1.2 billion people enrolled in the country. It is a 12 digit number that contains biometric details such as fingerprints, iris scans, and a few demographic details. It is used as an identity proof by various governments and non-government purposes.

UIDAI has recently announced a new concept of Virtual ID. Instead of sharing the 12-digit biometric ID, it will use a random 16-digit virtual ID generated from its website. Aadhar has also announced that it will support facial recognition services for those who face issues in biometric authentication.

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