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Aadhaar eKYC Authentication License for NBFC

AADHAAR AUTHENTICATION LICENCE  IN  TERMS  OF  SECTION 11A OF THE PML ACT, 2002 READ WITH GOVERNMENT OF INDIA CIRCULAR ‘F.NO.P-12011/7/2019ES  CELL  –  DOR’  DATED MAY  9,  2019  

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In terms  of  Section 11A  of  the  PML Act,  2002,  entities  other  than banking  companies may,  by  notification  of  the  Central  Government,  be permitted to  carry  out authentication of  client’s  Aadhaar  number  using e-KYC  facility  provided by  the  Unique Identification  Authority  of  India  (UIDAI). Such notification shall  be issued only  after consultation with UIDAI  and the  appropriate  regulator. A detailed procedure for  processing of  applications  under  the aforementioned  Section for  use  of  Aadhar  authentication  services  by  entities  other  than banking companies has  been  provided by  the  Department  of  Revenue,  Ministry  of  Finance  vide their circular  dated  May  9,  2019.  Accordingly,  Non-Banking Finance Companies  (NBFCs),  Payment  System Providers  and Payment  System  Participants  desirous  of  obtaining Aadhaar Authentication License  -  KYC  User  Agency  (KUA)  License or  sub-KUA  License (to perform  authentication through a  KUA),  issued  by  the  UIDAI,  may  submit  their application  to  this  Department  for  onward submission to UIDAI.  The applications  can also be forwarded  over  email to cgmaml@rbi.org.in or to the following address -

To The Chief  General  Manager-in-Charge Department  of  Regulation   Business  Conduct  Group Reserve Bank  of  India,  Central  Office 12th  Floor,  Central  Office  Building Shahid Bhagat  Singh Marg,  Fort Mumbai-400 001 

RBI Compliance Group

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