UIDAI has asked the mutual funds industry to discontinue using Aadhaar-based authentication to complete the Know Your Client (KYC) norms
Last week, on 12 October, the Unique Identification Authority of India (UIDAI) wrote to the mutual funds industry—the registrar and transfer agents (R&T) and some online distributors—asking them to discontinue using Aadhaar-based authentication to complete the Know Your Client (KYC) norms. Mint has a copy of the letter.
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