UIDAI/Aadhar – Is it a partial KYC Document or a full KYC Document ?

 UIDAI/Aadhar has just had a giant leap of faith, with RBI and Ministry of Finance have cleared the way for UIDAI letter being accepted as an ‘Identification Document‘ for KYC (Know Your Customer) norms.


In Jan 2011, RBI had permitted the UIDAI/Aadhar letter to be a complete KYC

Document for ‘Small Accounts’.


However through RBI Notification RBI/2011-12/207 DBOD.AML.BC.No. 36/ 14.01.001/2011-12 dt.September 28, 2011, RBI has permitted the UIDAI letter to be acepted as an ‘Identification Document’ for KYC (Know Your Customer) norms.


The notification clearly says that the UIDAI/Aadhar letter is only an identification document and a separate document is required for Address Proof.


Well, a beginning has been made now. Basing on the ground level experience and Banker’s feedback, the UIDAI/Aadhar letter might also become a full document i.e Identification Document and Address Proof Document.

Well, if one observes the various news papers and articles across the net, the above step has invoked mixed reactions.


Hopefully, in the coming days, there will be more clarity on the UIDAI/Aadhar letter being a full KYC document or a partial KYC document.

The more heated the discussion, the more quickly the clarifaction will be released.

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