Aadhaar card: RBI issues this critical OTP notification; know how you benefit
RBI has amended its KYC norms enabling the use of Aadhaar card for account opening with entities regulated by it, with the due consent of the Aadhaar number holder.
Fintech industry and even traditional lenders are keen to reduce the cost and time involved in KYC. OTP based Aadhaar verification clearly remains the most convenient option. Photo: PTI