Linking Aadhaar with bank accounts can prevent fraud: UIDAI CEO2 min read 25 Nov 2017, 01:21 AM IST
Aadhaar-bank account linking can detect fund transfer into a beneficiary bank account if it is linked with the Unique ID, says UIDAI CEO A.B. Pandey
New Delhi: There has been a loss of $3 billion in the last one year due to fraud in the banking sector and the linking of bank accounts with Aadhaar can drastically reduce such frauds, A.B. Pandey, chief executive of the Unique Identification Authority of India ( UIDAI), said on Friday.
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