Finance Minister Nirmala Sitharaman on Tuesday asked fintech firms to focus on risk management at a time when criminals are using AI to mimic voices, clone identities and create lifelike videos to manipulate people.
The government has amended Aadhaar regulations, specifying that supporting documents need to be updated "at least once" by Aadhaar holders on completion of 10 years from enrolment date.
The first step you need to take is link your mobile number to Aadhaar.
For those who find the online facility difficult, there is an electronic tutorial, and staff to assist you.
Physical KYC takes anywhere between two to five working days to get done, V-KYC, only a few minutes.
Key questions remain about the operational and financial viability of a completely paperless bank such as India Post, says Mayank Jain.
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