Get rid of repeated photocopy of Aadhaar card, this new rule came

Are you tired of getting your Aadhaar Card photocopied? If yes, you are going to get rid of this mess very soon. However, this solution will be for some places only. Insurance and security agency, Stock Market will also not ask for photocopy of Aadhaar card for KYC (Know Your Customer). Would rather use the Aadhaar authentication service of UIDAI. That is, for your verification, you will have to give only the number, not the photocopy of Aadhaar. The rest of the investigating agency will get UIDAI done by itself.

The Finance Ministry has given this permission under the Prevention of Money Laundering Act.

According to Finance Secretary Dr. Ajay Bhushan Pandey, 2 notifications have been issued to agencies for using Aadhaar Authentication Service. He told that this has been done on the basis of Aadhaar Act. In this, full care has been taken to protect the personal information of the user. Apart from this, the work of verification will be real time and transaction costs through e-KYC will also be reduced. In such a situation, small customers will have a lot of ease because they will not have to give a physical copy of the Aadhaar card.

The Insurance Regulatory Authority of India (IRDA) and the Security and Exchange Board of India (SEBI) will monitor compliance with the rules. From there, it will be very easy to catch and investigate cases like money laundering.

This is the list of companies or institutes where you will not have to provide a physical copy of Aadhaar, only the number will work. Although it is voluntary (Voluntury), you can give it if you want.

-Bombay Stock Exchange Limited
-National Securities Depository Limited
-Central Depository Services (India) Limited
CDSL Ventures Limited
-NSDL Database Management Limited
-NSE Data and Analytics Limited
-CAMS Investor Services Private Limited
-Computer Age Management Services Private Limited
-Link Intime India Pvt. Ltd.

-Bajaj Allianz Life Insurance Company Limited
-Bharti AXA Life Insurance Company Limited
-Exide Life Insurance Company Limited
-HDFC Life Insurance Company Limited
-ICICI Prudential Life Insurance Company Limited
-India First Life Insurance Company Limited
-Max Life Insurance Company Limited
-PNB Metlife India Insurance Company Limited
-SBI Life Insurance Company Limited
-Future Generali India Life Insurance Company Limited
-Reliance Nippon Life Insurance Company Limited
-Aegon Life Insurance Company Limited
-Shriram Life Insurance Company Limited
-Aditya Birla Sun Life Insurance Company Limited
--Pramerica Life Insurance Limited
-Kotak Mahindra Life Insurance Company Limited
-Star Union Dai-ichi Life Insurance Company Limited
-IDBI Federal Life Insurance Company Limited
-Edelweiss Tokio Life Insurance Company Limited
-Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited
-Kotak Mahindra General Insurance Company Limited
-Future General India Insurance Company Limited
-Acko General Insurance Limited
-Royal Sundaram General Insurance Company Limited
-SBI General Insurance Company Limited
-HDFC Ergo General Insurance Company Limited
-Apollo Munich Health Insurance Company Limited
-Manipal Cigna Health Insurance Company Limited
-Religare Health Insurance Company Limited