Business Standard

Banks without Aadhaar centres to face ~20,000 fine


The Unique Identifica­tion Authority of India (UIDAI) has given banks one more month to open Aadhaar enrolment centres in a stipulated 10 per cent of branches. UIDAI will impose a ~20,000 fine per uncovered branch after September 30, chief executive officer Ajay Bhushan Pandey said. UIDAI, in July, had asked private and public banks to open Aadhaar enrolment and updation facility in one out of the every 10 branches by August-end. The reprieve of one month has now been granted as many banks sought additional time from the authority for setting up such facility on their premises.

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