AADHAAR RELATED ARTICLES: 9278 - E-KYC made easier using Aadhaar

In 2009, I became extremely concerned with the concept of Unique Identity for various reasons. Connected with many like minded highly educated people who were all concerned.

On 18th May 2010, I started this Blog to capture anything and everything I came across on the topic. This blog with its million hits is a testament to my concerns about loss of privacy and fear of the ID being misused and possible Criminal activities it could lead to.

In 2017 the Supreme Court of India gave its verdict after one of the longest hearings on any issue. I did my bit and appealed to the Supreme Court Judges too through an On Line Petition.

In 2019 the Aadhaar Legislation has been revised and passed by the two houses of the Parliament of India making it Legal. I am no Legal Eagle so my Opinion carries no weight except with people opposed to the very concept.

In 2019, this Blog now just captures on a Daily Basis list of Articles Published on anything to do with Aadhaar as obtained from Daily Google Searches and nothing more. Cannot burn the midnight candle any longer.

"In Matters of Conscience, the Law of Majority has no place"- Mahatma Gandhi

Ram Krishnaswamy

Sydney, Australia.

Aadhaar

The UIDAI has taken two successive governments in India and the entire world for a ride. It identifies nothing. It is not unique. The entire UID data has never been verified and audited. The UID cannot be used for governance, financial databases or anything. It’s use is the biggest threat to national security since independence. – Anupam Saraph 2018

When I opposed Aadhaar in 2010 , I was called a BJP stooge. In 2016 I am still opposing Aadhaar for the same reasons and I am told I am a Congress die hard. No one wants to see why I oppose Aadhaar as it is too difficult. Plus Aadhaar is FREE so why not get one ? Ram Krishnaswamy

First they ignore you, then they laugh at you, then they fight you, then you win.-Mahatma Gandhi

In matters of conscience, the law of the majority has no place.Mahatma Gandhi

“The invasion of privacy is of no consequence because privacy is not a fundamental right and has no meaning under Article 21. The right to privacy is not a guaranteed under the constitution, because privacy is not a fundamental right.” Article 21 of the Indian constitution refers to the right to life and liberty -Attorney General Mukul Rohatgi

“There is merit in the complaints. You are unwittingly allowing snooping, harassment and commercial exploitation. The information about an individual obtained by the UIDAI while issuing an Aadhaar card shall not be used for any other purpose, save as above, except as may be directed by a court for the purpose of criminal investigation.”-A three judge bench headed by Justice J Chelameswar said in an interim order.

Legal scholar Usha Ramanathan describes UID as an inverse of sunshine laws like the Right to Information. While the RTI makes the state transparent to the citizen, the UID does the inverse: it makes the citizen transparent to the state, she says.

Good idea gone bad
I have written earlier that UID/Aadhaar was a poorly designed, unreliable and expensive solution to the really good idea of providing national identification for over a billion Indians. My petition contends that UID in its current form violates the right to privacy of a citizen, guaranteed under Article 21 of the Constitution. This is because sensitive biometric and demographic information of citizens are with enrolment agencies, registrars and sub-registrars who have no legal liability for any misuse of this data. This petition has opened up the larger discussion on privacy rights for Indians. The current Article 21 interpretation by the Supreme Court was done decades ago, before the advent of internet and today’s technology and all the new privacy challenges that have arisen as a consequence.

Rajeev Chandrasekhar, MP Rajya Sabha

“What is Aadhaar? There is enormous confusion. That Aadhaar will identify people who are entitled for subsidy. No. Aadhaar doesn’t determine who is eligible and who isn’t,” Jairam Ramesh

But Aadhaar has been mythologised during the previous government by its creators into some technology super force that will transform governance in a miraculous manner. I even read an article recently that compared Aadhaar to some revolution and quoted a 1930s historian, Will Durant.Rajeev Chandrasekhar, Rajya Sabha MP

“I know you will say that it is not mandatory. But, it is compulsorily mandatorily voluntary,” Jairam Ramesh, Rajya Saba April 2017.

August 24, 2017: The nine-judge Constitution Bench rules that right to privacy is “intrinsic to life and liberty”and is inherently protected under the various fundamental freedoms enshrined under Part III of the Indian Constitution

"Never doubt that a small group of thoughtful, committed citizens can change the World; indeed it's the only thing that ever has"

“Arguing that you don’t care about the right to privacy because you have nothing to hide is no different than saying you don’t care about free speech because you have nothing to say.” -Edward Snowden

In the Supreme Court, Meenakshi Arora, one of the senior counsel in the case, compared it to living under a general, perpetual, nation-wide criminal warrant.

Had never thought of it that way, but living in the Aadhaar universe is like living in a prison. All of us are treated like criminals with barely any rights or recourse and gatekeepers have absolute power on you and your life.

Announcing the launch of the # BreakAadhaarChainscampaign, culminating with events in multiple cities on 12th Jan. This is the last opportunity to make your voice heard before the Supreme Court hearings start on 17th Jan 2018. In collaboration with @no2uidand@rozi_roti.

UIDAI's security seems to be founded on four time tested pillars of security idiocy

1) Denial

2) Issue fiats and point finger

3) Shoot messenger

4) Bury head in sand.

God Save India

Wednesday, February 3, 2016

9278 - E-KYC made easier using Aadhaar - Business Standard

E-KYC made easier using Aadhaar

For equity investors, there will be an additional requirement of a PAN card and a cancelled cheque

Priya Nair | Mumbai

January 20, 2016

Financial transactions — opening a bank account, investing in a mutual fund or even applying for a personal loan - would require the investor or borrower to go through a tight Know Your Customer (KYC) procedure. The process takes anywhere between two and 30 days to be completed.

With the Unique Identification Authority of India (UIDAI) allowing authorised entities to access its database, things have become simpler for investors, policyholders and borrowers who wish to transact by using their Aadhaar card.

Motilal Oswal recently launched the completely paperless, e-KYC instant trading and demat account facility, becoming the first brokerage to do so in India. Customers who have an Aadhaar card can now open a trading and demat account completely online without any physical documentation in 15 minutes and start investing immediately.

“Once the customer gives basic details including Aadhaar number, we send a request to UIDAI. The client, then, gets a one-time password (OTP) on their UIDAI-registered mobile number and email ID. Once the client enters the OTP in our system, we access the required details (personal and address) from the UIDAI database,’’ says Arun Chaudhry, head (online and direct retail channel) at Motilal Oswal Securities.

But, how does one transact? In case of an equity account, the customer has to upload copies of PAN and a cancelled cheque. If it is an futures and options account, he has to upload a copy of an income tax return as well.

Bankbazaar.com, the online market place for banking and financial products, too, is planning to offer the Aadhaar eKYC system, says Adhil Shetty, chief executive officer. “Now that the government has opened up the UIDAI data base, authorised entities like us can use that to validate proof of identity of our customers and use it as a substitute for paper documentation. We need not collect documents from customers who apply for loans, etc through our website.”

Today, customers have to give documents for proof of identity, address and date of birth while applying for a loan or credit card on Bankbazaar’s website. But, once e-KYC is rolled out, the process will become completely paperless.

Some banks offer e-KYC. In such cases, Bankbazaar will be able to forward the application without any documents. If not, customers may still have to show documents to the bank. For instance, Axis Bank offers e-KYC. So, if you walk into a branch or kiosk of the bank, you can open an account using only your Aadhaar number, without any other paperwork. Using your Aadhaar number bank can access your proof of identity and residence from the UIDAI database, says a spokesperson from the bank. Once your account is opened, applying for a loan or purchasing any other investment product from the bank can be done easily. “Regulators are pushing for the Aadhaar e-KYC system. Once that happens, more banks will offer e-KYC,” says Shetty.