What is Aadhar-Based KYC?

Aadhaar based e-KYC (electronic-Know Your Customer) offered by the Unique Identification Authority of India (UIDAI) can be used voluntarily by Aadhaar card holders as a means to authenticate and establish their identity, if they so desire/consent. The Electronic Know your customer or e KYC is the way of resident authentication which allows the residents to submit it as an address proof electronically to banking companies. Aadhaar based e-KYC provides this information electronically, negating the need for physical document submission. Under the existing system, the UIDAI has made provision for both Aadhaar Authentication and offline verification/ paperless-offline e-KYC

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