KYC Roundup – India Confirms Mandatory ‘Aadhar’ Use

India makes use of Aadhar cards compulsory for opening bank accounts, large transactions The Indian government last week confirmed that use of its ‘Aadhar’ identity cards is now mandatory for opening bank accounts and conducting financial transactions of INR50,000 (USD7,400) or more, with existing bank account holders required to have their cards scrutinised by banks […]

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