Unique Identification Authority of India issues 51 crore Aadhaar numbers

The Unique Identification Authority of India (UIDAI) has completed issuance of 51 crore Aadhaar numbers. With generation of about 11 lakh Aadhaar numbers every day, the flagship programme appears all set to complete its mandate of covering 60 crore population in the next few months. 2. Established as an ‘Attached Office’ of the Planning Commission through a Government Notification in January 2009, UIDAI issued the first Aadhaar Number on 29 September 2010 after completing necessary preliminaries including establishing various standards relating to collection of data and biometric information such as finger prints and iris images. UIDAI issued 8 crore Aadhaar number in the period up to November 2011, another 15 crore in the next one year until November 2012, and has issued a further 28 crore Aadhaar number in the past 12 months. Eleven States and Unions Territories now have Aadhaar saturation levels of 75% or above, with several of them such as Andhra Pradesh, Himachal Pradesh, Tripura, Delhi and Chandigarh at levels above 90%. 3. Enrolment for Aadhaar is entirely voluntary and the Aadhaar number is already used as a Proof of Identify or Proof of Address or both by several programmes and schemes run by Central and State Governments. A number of regulatory authorities such as Reserve Bank of India (RBI), Insurance Regulatory and Development Authority (IRDA), Securities and Exchange Board of India (SEBI) and Pension Fund Regulatory and Development Authority (PFRDA) have declared Aadhaar number as a valid ‘know your customer’ (KYC) and ‘electronically know your customer’ (eKYC) for purposes under their respective domains. This has led to Aadhaar being leveraged not only as a tool for financial inclusion and empowerment, but also as a major convenience for Aadhaar number holders in their dealings with banks, insurance companies, and other providers of financial services. Recently, RBI has also accepted Aadhaar number as a second factor of authentication along with “EMV Chip and pin’ for all future deployment of point-of-sale (POS) devices and ATMs. 4. More than 4 crore Aadhaar number holders have so far linked their bank accounts with Aadhaar, to take advantage of the above convenience, in particular the Aadhaar Enabled Payment Services (AEPS). These Aadhaar linked bank account holders can send and receive money using Aadhaar number as a permanent financial address, without having to disclose their bank details to the other parties. Like a number of Aadhaar based services, access to AEPS is also based on on-line authentication. A total of over 1.49 crore authentications by 37.9 lakh unique number holders have already been carried out at levels exceeding 92 percent of accuracy. In a new service introduced recently, six banks, including State Bank of India (SBI), currently provide for Aadhaar-to-Aadhaar mobile based payments. 5. With its capability of usage in re-engineering of government processes, Aadhaar numbers have been leveraged in implementation of several programmes/ schemes of Central and State Governments, including the Direct Benefit Transfer (DBT) introduced on a phase-wise basis for 28 Central Sector schemes in 121 districts of the country, and Direct Benefit Transfer for Liquefied Petroleum Gas (DBTL) in 95 districts. Districts with high level of Aadhaar saturation have been chosen for implementation initially, and over 1500 crore rupees have already been transferred over the Aadhaar Payment Bridge (APB) in more than 2.8 crore transactions under DBT and DBTL. Usage of Aadhaar numbers has helped in preventing duplicates and fakes, leading to substantial savings even in the initial phase of implementation. 6. As many as 156 banks, including a number of co-operative and rural banks, are currently participating on the APB platform. Several State Governments have leveraged Aadhaar in the roll-out of their programmes/ schemes – among the earliest users was the Government of Andhra Pradesh for Public Distribution System. Such usage of Aadhaar numbers makes it possible to achieve higher levels of transparency, better levels of beneficiary satisfaction, more accurate targeting, and prevention of leakages and wastages. 7. The largest biometric data-base of its kind in the world, Aadhaar has many firsts to its credit. The online authentication and eKYC services are not only reliable, low cost, instantaneous and environment-friendly, but are also un-paralleled in the world, in their scope and magnitude.

Insurance Policies for Hiv/Aids Affected People

The Insurance Regulatory and Development Authority (IRDA) have issued a draft circular dated 11th October, 2013 to all the Life Insurers to provide life cover for people living with HIV/AIDS (PLHA) and health cover. According to the draft circular, all life insurers are required to put-in place a Board approved underwriting policy with respect to life insurance products for PLHA. The Circular provides that life insurance cover for PLHA should not be denied if the eligibility criteria as per the Board approved underwriting policy are satisfied. The Circular also provides for health insurance products offered by Life Insurers for those who are HIV negative at inception of the policy and acquire HIV / AIDS after commencement of insurance policy. With respect to such persons who are HIV negative at date of commencement of the contract and subsequently found to be HIV positive during the term of the policy, the Circular states that the insurers should not reject/deny any claim on such grounds and in all such cases, the underwriting guidelines and claims settlement guidelines applicable at the time of commencement should be applicable. The Insurance Regulatory and Development Authority (IRDA) have circulated the circular to all the Life Insurers including Life Insurance Council inviting comments. Some of the main observations received from insurers include the apprehension that long term health products may not be viable for this category of persons for reasons like limited data available on health care utilization and co-morbidities/co- infections associated with HIV/AIDS. It is suggested by some insurers that there should be specific provisions in the guidelines for mandatory disclosure of the diagnosis of HIV/AIDS by the proposed insured so that appropriate actions may be taken by the insurer which may include suggesting the applicable product & loading on premium or denial of claim where material information is not disclosed appropriately in the proposal form etc.. Insurance Companies provide insurance cover for serious/incurable diseases under benefit based policies generally called as ‘Critical Illness Policies’. This was stated by Shri Namo Narain Meena, Minister of State in the Ministry of Finance in a written reply to a question in the Lok Sabha here today.

Process to Constitute the 7th Central Pay Commission Along with Finalization of Its Terms of Reference, The Composition and Time frame Initiated

             The Government has initiated the process to constitute the 7th Central Pay Commission along with finalization of its Terms of Reference, the composition and the possible timeframe for submission of its Report. The date of effect thereof will be known once the Report is available. 

This was stated by Shri Namo Narain Meena, Minister of State in the Ministry of Finance in a written reply to a question in the Lok Sabha here today. 

.
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Inflation Indexed National Saving Securities- Cumulative (IINSS-C)

The Government of India, in consultation with Reserve Bank of India, has decided to launch Inflation Indexed National Savings Securities-Cumulative (IINSS-C) for retail investors in the second half of December 2013. These securities are being launched in the backdrop of announcement made in the Union Budget 2013-14 to introduce instruments that will protect savings from inflation, especially the savings of the poor and middle classes. The distribution/ sale of IINSS-C would be through banks. The eligible investors would include individuals, Hindu Undivided Family (HUF), Charitable Institutions registered under section 25 of the Indian Companies Act and Universities incorporated by Central, State or Provincial Act or declared to be a university under section 3 of the University Grants Commission Act, 1956 (3 of 1956). Interest rate on these securities would be linked to final combined Consumer Price Index [CPI (Base: 2010=100)]. Interest rate would comprise two parts, i.e. fixed rate (1.5% per annum) and inflation rate based on CPI and the same will be compounded in the principal on half-yearly basis and paid at the time of maturity. Early redemptions will be allowed after one year from date of issue for senior citizens (i.e. above 65 years of age) and 3 years for all others, subject to penalty charges at the rate of 50% of the last coupon payable for early redemption. Early redemptions, however, can be made only on coupon dates. Other details of the scheme would be announced by the Reserve Bank of India. The issuance of non-cumulative Inflation Indexed National Saving Securities for retail investors will be examined in due course.

Department of Posts launches ‘Express Parcel’ and ‘Business Parcel’ Services

The Department of Posts, Ministry of Communications & IT, here today launched an ‘Express Parcel’ service. The service was launched by Smt. P. Gopinath, Secretary, Department of Posts, at a function organized at New Delhi G.P.O. Speaking on the occasion Smt. Gopinath said that ‘Express Parcel’ is a premium parcel service for retail as well as bulk customers. It offered time bound, safe and secure home delivery of parcels. To have minimal transit time these parcels will be given airlift wherever needed. Bulk customers would also have an economical option of surface transported ‘Business Parcel’. These two new parcel services aim to promote the e-commerce market in India by offering reliable and cost efficient delivery solutions. Whereas ‘Express Parcel’ is an air mail service providing guaranteed time bound delivery of parcels, ‘Business Parcel’ will provide fast, secure and cost efficient transmission of parcels through surface. These services will have ‘Cash on Delivery’ facility which has become a pre-requisite today for e-commerce parcels. Though ‘Business Parcels’ will have a nationwide coverage, the ‘Express Parcel’ service will initially be available between 20 identified cities: Agra, Banglore, Bhubaneshwar, Chennai, Delhi (NCR), Patna, Guwahati, Hyderabad, Indoor, Jaipur, Jammu, Kolkata, Lucknow, Ludhiana, Mumbai, Pune, Parwanoo, Shillong, Surat and Thiruvanthapuram. This service will be expanded nationwide in phased manner. Bothe these services are being offered at a very attractive tariff, said Smt. Gopinath.

CADRE RESTRUCTURING COMMITTEE MEETING

CADRE RESTRUCTURING COMMITTEE MEETING

The meeting of Cadre Restructuring committee was held at Dak Bhawan, New Delhi on 27.11.2013 at 3 PM. Shri V. P. Singh, DDG (P) and new chairperson of the Committee presided the meeting. General Secretaries of P3, P4 and R3 Unions of NFPE and FNPO participated as staff side members. Earlier proposal of the staff side was once again presented before the new chairman and other officials side members. Chairman assured that Department’s proposal will be ready within 15 days and thereafter another meeting will be held shortly with the staff side and the committee’s proposal will be finalized.

Donation to Samaj Relief Fund (Servants of the People Society) Gopabandhu Bhawan Cuttack

    Our Divisional Union has donated Rs 5001/- (Rupees Five Thousand One)only to the  Samaj Relief Fund (Servants of the People Society) Gopabandhu Bhawan Cuttack for Cyclone and distress people.

sd/-

Sj. Sarada Pd Das

Divnl Secy

RECORD NOTE OF THE MEETING HELD ON 24.10.2013 AT 3.00 PM TO DISCUSS THE POSSIBLE TERMS OF REFERENCE (TOR) FOR THE 7TH CPC WITH THE REPRESENTATIVES OF THE STAFF SIDE OF JCM

RECORD NOTE OF THE MEETING HELD ON 24.10.2013 AT 3.00 PM TO DISCUSS THE POSSIBLE TERMS OF REFERENCE (TOR) FOR THE 7TH CPC WITH THE REPRESENTATIVES OF THE STAFF SIDE OF JCM

No16/15/2012-JCA

Government of India

Ministry of Personnel, PG & Pensions

Department of Personnel & Training

North Block, New Delhi

19th November, 2013

Sub: Record Note of the meeting held on 24.10.2013 at 3.00 PM to discuss the possible Terms of Reference (ToR) for the 7th CPC with the representatives of the Staff Side of JCM

The undersigned is directed to forward herewith a copy of the Record Note of the meeting held with Staff Side on 24.10.2013 to discuss the possible Terms of Reference of the Seventh Central Pay Commission.

sd/-

(Ashok Kumar)

Deputy Secretary (JCA)

Record Note of the meeting held on 24.10.2013 at 3.00 PM to discuss the possible Terms of Reference (ToR) for the 7th CPC with the representatives of the Staff Side of JCM

A meeting was held on 24.10.2013 at 3.00 PM in Committee Room No 190, North Block under the chairmanship of Dr S.K.Sarkar, Secretary DOP&T to discuss the possible Terms of Reference (ToR) for the 7th Central Pay Commission, which is going to be set up by the Government, with the representatives of the Staff Side of JCM. List of Participants to this meeting  is at Annexure I.

At the outset, Secretary (P) welcomed the Staff side representatives and thanked them for attending this meeting on a short notice. He indicated that since this meeting has been convened to discuss the possible Terms of Reference (ToR) for the 7th Central Pay Commission, he hoped that the discussions would remain so focussed.

Sh Umraomal Purohit, Secretary, Staff Side, in his opening remarks stated that it would have been preferable that there was a proposal from the official side on this issue to the Staff Side and then the same could have been discussed further in a meeting where the Finance Secretary could also be invited. He then pointed out that the new concept of Pay Bands and Grade Paystructure as per the 6th CPC, which changed the pay structure in Government, had resulted in a new experience which was mixed. He stated that though the 6th CPC did not recommend merger of DA with Pay, they could not have anticipated such a high rate of inflation which resulted in such high rate of DA; the rate of Dearness Allowance presently was 90% and due to high inflation there was a need to consider merger of a part of DA with Pay. He also raised the question of Interim Relief pending finalisation of 7th CPC recommendations. Shri Purohit further mentioned that anomalies of 6th CPC should be resolved on priority before 7th CPC. He also suggested that there must be some machinery which should resolve anomalies within one year of implementation of CPC report.

M.Raghavaiah, while thanking the Chairman raised the issue of anomalous situations which had arisen due to the new concept of Pay Bands and Grade Pay structure as per the 6th CPC. He suggested that the Finance Ministry should look into this aspect as to how anomalies cropped up due to this and how these can be avoided in future. He was of the view that the anomalies cases which stand referred to the Ministry of Finance need to be cleared. He referred to anomaliesrelating to MACP scheme vis a vis ACP scheme and resolution pending thereon required to be resolved as already discussed in the Joint Committee meetings on MACPS. He also demanded that there should be merger of DA with Pay as was agreed to in 2004. He also pointed out that the Railway Ministry’s proposals on 6th CPC related matters presently pending with Ministry of Finance should be cleared.

The other representatives from Staff Side raised the following issues

1) Entry level pay to promotee employees at par with that admissible to Direct Recruits as was agreed in the National Anomaly Committee;

2) One of the ToR should be to set up a special bilateral mechanism to sort out anomaliesarising out of Pay Commission recommendations;

3) Professional approach should be adopted in dealing with peculiarities concerning Railways and Defence civilian employees;

4) There should be parity between pre & Post CPC retirees for the purpose of pension etc.;

5) Cadre review/restructuring proposals should be delinked from the 7th CPC so that these are not delayed;

6) Wage Revision should be effective after every 5 years as in the case of PSUs;

7) If there is going to be separate CPC for the Armed Forces as had been reported in media, or if there is a representative of Armed Forces in the 7th CPC then there should be a representative of Labour in the  CPC;

8) CPC should not go by “Central Secretariat” structure to make its recommendations which does not take into account specific complexities in large Government organisations like Railways, Postal Department and Defence establishments.

9) Allowances should be enhanced concurrently with the pay consequent upon Pay commission implementation.

10) Supreme Court has upheld that MACP should be in the hierarchy of the Post and also for grant of NDA in 7th CPC rates w.e.f. 1/4/2007. These judgments should be implemented to all similarly placed employees.

11) The Secretary Staff side in the end requested that a copy of Terms of Reference as proposed by the Ministry of Finance may be circulated and then another meeting with Secretary, Department of Expenditure and Department of Personnel & Training be arranged to discuss & finalise the Terms of Reference of 7th CPC.

In his concluding remarks, the Chairman thanked the participants for their views and requested the Staff Side that they may send their suggestions in writing also.

ANNEXURE I

List of Participants in the Meeting held on 24th October, 2013 at 3.00 PM in Room No. 190, North Block, New Delhi.

CHAIRPERSON –	Dr.S.K.Sarkar, Secretary (Personnel)
OFFICIAL SIDE	STAFF SIDE
1. Mamta Kundra JS (E), DoPT	1. Umraomal Purohit
2. Ashok Kumar, DS(JCS), DoPT	2. M.Raghavaiah
3. Sanjiv Shankar, Director (Estt.II), DoPT	3. Shiva Gopal Mishra
4. Mukesh Chaturvedi, DS(Pay), DoPT	4. Rakhal Das Gupta5. Guman Singh 6. R.P.Bhatnagar 7. K. K.N.Kutty 8. S.K.Vyas 9. C.Srikumar 10. S.N.Pathak 11. R.Srinivasan 12. J.R.Bhosle

            Please download the original link http://www.gconnect.in/viewpdf?pdfpath=http://www.circular.gconnect.in/download/seventh-cpc/16_15_2012-JCA-19112013.pdf

Biennial conference of AIPEU Class III Cuttack North Division

Dear Comrades,
                         The 9th biennial conference of our Division Union has been held at hotel Golden Palace Kendrapara on the foundation day of NFPE i,e, 24.11.2013. Almost all members from different sites of our Division have attended the union and made it success. Our respected Divisional Supdt, Circle Secy and Asst Circle Secy AIPEU Class III, Circle Secy RMS Class III have also attended as Chief Guest, Guest of honour, etc. They have guided us about the responsibility of each comrade in the Union and the challenge of each indivisual to strengthen the future of our Department. The new office bearers of Union, executive body members and Women committee have been selected and the name and contact numbers will be published shortly.

NFPE Jindabad        AIPEU Jindabad

Sd/-
Sj Sarada Pd Das
Divnl Secy

Pavilion of India Post Inaugurated at IITF Department of Posts Releases Stamp on ‘Children’s Day’

The pavilion of India Post was inaugurated here today at the 33rd India International Trade Fair (IITF) by Shri Vasumitra, Chief Postmaster General, Delhi Circle. Following are the attractions of the pavilion: • Gives an insight into the IT Modernization project of the Department of Posts; • A variety of Premium Products/Services; • Tailor made solutions for your mailing needs; • Customized Business Packages for Corporate Customer; • Postal Life Insurance; • Solution for your logistics needs; • AMSC- Automated Mail Sorting Centre for modernizing mail processing; • Financial Services; • Philatelic Stamps/Stationery; • My Stamp Counter- For making personalized postage stamps; • Proposed modernization in Mail delivery system; and • Philatelic Souvenirs on sale. On the occasion, a commemorative postage stamp on Children’s Day was also released by Shri Vasumitra. Department of Posts has been releasing commemorative stamps on Children’s Day every year. The design of the stamp is selected from the designs made by the children themselves in a Stamp Design Competition organized by the Department every year across the country. The theme of the contest for this year was ‘A Holiday’.*

Counting of training period towards calculation of increment and regarding pay fixation as on 01.07.2006

            Please click on the following linkhttps://docs.google.com/file/d/0B5yGFnHHvknubEYyQmpBd2RoVmM/edit

Timely Issue of TDS Certificate to Customers

RBI/2013-14/361 DBOD.No.Leg.BC.65/09.07.005/2013-14 November 6, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Timely Issue of TDS Certificate to Customers It has been brought to our notice that, some banks are not providing TDS Certificate in Form 16A to their customers in time, causing inconvenience to customers in filing income-tax returns timely. 2. The matter has been examined and with a view to protect interest of the depositors and for rendering better customer service, banks are advised to provide to their customers from whose income tax has been deducted at source, TDS Certificate in Form 16A. Banks are advised to put in place systems that will enable them to provide Form 16A to the customers within the time-frame prescribed under the Income Tax Rules. Banks should avoid waiting till the last moment. 3. This advice is issued under Section 36 (1) (a) of the Banking Regulation Act, 1949 (10 of 1949). Yours faithfully, (Rajesh Verma) Chief General Manager

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 agencies are falsely circulating e-mails offering online registration forAadhaar. It is stressed that UIDAI does not currently offer online enrollment.

Meanwhile, all necessary steps have been taken for introduction of the National Identification Authority of India Bill, 2013 in the winter session of  Parliament likely to commence from the 1^st week of the next month. The Union Cabinet has already approved the proposal submitted by the Ministry of Planning

for moving official amendments to the Bill last month.

The National Identification Authority of India Bill, 2010 was introduced in the Rajya Sabha on 3rd December. The Speaker, Lok Sabha in consultation with the

Chairman, Rajya Sabha referred the Bill to e Standing Committee on Finance. The

Standing Committee presented the Report to the Lok Sabha and laid it in Rajya Sabha on 13th December 2011.

In the meantime, the UIDAIhas been functioning under an executive order issued by the Government in January 2009, establishing UIDAI as an Attached Office of the Planning Commission. The Bill proposes to constitute a statutory authority to be called the National Identification Authority of India and lay down the powers and functions of the Authority, the framework for issuing Aadhaar numbers, defines offences and penalties and matters incidental thereto through an Act of Parliament.

PROVISIONS OF THE BILL

The National Identification Authority of India Bill, 2010, inter alia, seeks to provide-

(a) for issue of Aadhaar numbers to every resident by the Authority on providing his demographic information and biometric information to it in such manner as may be specified by regulations;

(b) for authentication of the Aadhaar number of an Aadhaar number holder in

relation to his biometric information and demographic information subject to such

conditions and on payment of such fees as may be specified by regulations;

(c) for establishment of the National Identification Authority of India consisting of a Chairperson and two part-time Members;

(d) that the Authority to exercise powers and discharge functions which, inter alia,

include-

(i) Specifying the demographic information and biometric information for

enrolment for an Aadhaar number and the processes for collection and

verification thereof; 1 service delivery organizations/Ministries. The Aadhaar letter clearly spells out that it is only a proo,fof identity and not citizenship.

b) The Committee had also, stated that pending the issuance of Aadhaar numbers

was "unethical" and "violative" of Parliament prerogatives when the bill has yet

to passed. The issuance of Aadhaar was based on the opinion of the Ministry of

Law and Justice and the opinion of the Attorney General of India which had

clearly stated that the UIDAIcan continue to function under the executive order

issued by the Government and there is nothing in the law, or otherwise, which

prevents the Authority from functioning under the executive authorization.

c) With respect to the concern of the Standing Committee on unauthorised access

and misuse of personal information, it has been stated that UIDAI recognizes that

the right to privacy must be protected and provisions have been made in the Bill

for protection of information.

d) As regards the apprehension that service/benefits might be denied to individual

who do not have Aadhaar, it has been clarified that Aadhaar number is an

enabler, with a purpose of effective delivery and benefits by establishing identity

of the resident. All schemes have some prequalification and there is no reason

why possession of Aadhaar should not be one, especially if efforts are made to

ensure availability of Aadhaar to all who want it. The actual requirement and the

use of Aadhaar will be determined by the implementing ministries/agencies.

e) Among the procedural issues .raised by the Committee are untested and

unreliable technology, global experience of identity projects, high cost, absence

of study on financial implication, duplication of effort with National Population

Register exercise and inability to in covering full or near full the marginalised

sections. The following points may be noted in this regard:

• UIDAI, in terms of technology has already generated more than 44 Crore

Aadhaar and is currently processing over 1 million Aadhaar per day with a

capacity to undertake 180 trillion biometric matches per day. This makes it

the largest Database of its kind in the world.

• Aadhaar is aimed at building a basic Identity and Verification infrastructure

for welfare and inclusive growth.

• It is important to note that the cost projections for the UIDAIproject has also

been earlier approved by the Government of India for total amount of

Rs 12,398.22 crore as compared to Rs. 150,000 Crore as reported in some

media reports some time back. The total cumulative expenditure incurred by

UIDAI,since inception ofthe Project, is Rs. 3490 Crore as on 30th Sept, 2013.

• A Cost-Benefit Analysis of Aadhaar Project conducted by the National

Institute of Public Finance and Policy (NIPFP) shows that the Internal Rate of

Return (IRR), in real terms, generated by Aadhaar would be 52.85%.

• In January 2012, it was decided with the approval of the Cabinet Committee

on UIDAI, that NPR and UIDAI enrolments should proceed simultaneously,

3 ii) Nationwide portability - the Aadhaar ID is valid throughout the

country and is thus very convenient and useful for people moving from

say rural India to urban India.

(b) On-line verification (also called as authentication) - the Aadhaar platform

allows on-line verification of a person`s identity anywhere in the country by

various means (Biometric - Fingerprint and Iris, demographic, and One Time

Password to mobile phone or email id).

Benefit to Government:

i) Can verify that a genuine beneficiary is claiming the benefit (at a

Banking Correspondent for money or at a PDSoutlet for grain); and,

ii) Reach - can provide services in every nook and corner of the country as

long as connectivity is there.

Benefit to individual:

i) Convenience - a resident can get access to services close to where they

are;

ii) Mobility - a resident can access services throughout the country; and,

iii) Empowerment - since the resident has a choice of outlets for a particular

service (go to any BCto withdraw money or any PDS outlet to withdraw

grain), the bargaining power shifts to the resident. This also reduces

corruption

(c) Electronic-Know Your Customer (e-KYC) - resident authorized provision

of Government photo ID consisting of Proof of Identity (POI) and Proof of Address

(POA) to an authorized agency

Benefit to Government:

i) Productivity - instant paperless provisioning of services has great

impact and productivity benefit for the economy;

ii) Inclusion - can provide access to services like bank accounts and

mobile connections anywhere easily; and,

iii) Audit - every KYCrequest has a unique transaction code, cannot be

repudiated, and can be easily investigated.

Benefit to resident:

i) Instant access - provides instant access to services just with his Aadhaar

number; and,

ii) Convenience - these services can offered anywhere there is

connectivity.

(d) Aadhaar as a Financial Address - an Aadhaar-linked Bank account that can

receive money just with the Aadhaar number as the address.