/ Businesses using Aadhaar services need to pay up to Rs 20 for customer verification

The New Indian Express : Mar 08, 2019, 10:46 AM

Government entities and the Department of Posts are, however, exempted from customer verification charges. Business organisations using Aadhaar services will now have to pay Rs 20 for each customer verification and 50 paise for authentication of each transaction carried out by the entities, the Unique Identification Authority of India (UIDAI) said on Thursday, a notification by the UIDAI said.

The gazette notification, the Aadhaar (Pricing of Aadhaar Authentication Services) Regulations 2019, however, exempts government entities and the Department of Posts from authentication transaction charges. "The entities have been incurring a cost of Rs 150-200 per KYC sans Aadhaar. They have been demanding to use Aadhaar-based authentication and KYC services on account of these being convenient to them and their customers and also the fact that they will save huge amount which they currently incur in doing KYC through traditional means such as paper, physical verification, etc," an official source told PTI.

The UIDAI source said with a nominal cost for each eKYC transaction entities would still be saving on Know Your Customer (KYC) cost while serving people with ease.