Customers won’t lose money if KYC not done
GN Bureau | February 27, 2018
If you are a Paytm or Mobikwik or a customer of any prepaid wallet, then you now have barely a day left to get your account linked to Aadhaar.
With the Reserve Bank of India making it clear that it won’t be extending the February 28 deadline for mandatory KYC-compliance by prepaid wallet customers, people will now have to rush to get the linkage carried out. Otherwise, they would not be able to use it.
“Sufficient time has already been given to meet the prescribed guidelines. In the event PPI issuers not obtaining the KYC-related inputs within the timeline from their customers, customers will not lose their money,” The Hindu quoted deputy governor BP Kanungo as saying.
There are 55 non-banking PPIs operational now, apart from 50 wallets promoted by banks. Initially, they were given time till December 31, 2017, to make accounts KYC- compliant. The deadline was then extended to February 28.
Financial Express reported that most of the wallets in India, were asking their users to complete minimum KYC obligations. This could have been done by verifying their mobile numbers. However, it has certain restrictions. Full KYC basically requires you to link your PPI account with your Aadhaar. This can be done using your mobile number or by visiting the KYC centre.
HelpAge India Report 2021, ‘The Silent Tormentor: Covid 19 & the Elderly’, assesses the impact and challenges of the pandemic on lives of elderly living in households (informal settings) and old-age homes (informal settings). It unravels some deep-seated fears of the country’s elderly
To reduce the gap between citizens and authorities BMC will continue its ward war room approach which has now come to be known as the Mumbai Model for addressing health or disaster related issues that may arise in future. Additional Municipal Commissioner (Health, MCGM) Suresh Kakani has sa
The centre government has increased the grant to Kerala under the Jal Jeevan Mission in the year 2021-22 to Rs 1,804.59 Crore, which was Rs 404.24 Crore in 2020-21. In Kerala, on 15th August 2019, at the time of the launch of J
On average, a truck in India covers 50,000-60,000 km a year, compared to over 300,000 km in advanced nations such as the United States. One of the key reasons is delays due to random stoppages for physical checking of vehicles and verification of documents.
The National Highways Authority of India has made mandatory use of drones for monthly video recording of National Highway projects during all stages of development, construction, operation and maintenance. The initiative aims to enhance transparency, uniformity leveraging the l
The National Centre for Promotion of Employment for Disabled People (NCPEDP), a cross-disability advocacy organisation, in collaboration with Azim Premji Foundation, has announce