Friday, December 9, 2016

Aadhaar-based Authentication for Card Present Transactions



Banks were advised to ensure that all new cards are enabled to allow Aadhaar-based biometric authentication also with effect from 1/1/17. This date has now been revised to 30/06/17. The timeline for allowing Aadhaar-based biometric authentication in existing card will be advised in due course.
Based on RBI circular dated 02/12/2016. For further clarifications please refer www.rbi.org.in ……….. Poppy