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Electronic KYC of Aadhaar can cut costs of new mobile connection
Posted on: 11/Apr/2016 6:07:34 PM
The cost of activation of a new mobile connection may come down to a virtual zero said the TRAI (Telecom Regulatory Authority of India) Chairman R.S. Sharma. He said that if the electronic KYC of Aadhaar is implemented, costs will reduce considerably as all authentication will be done digitally.
Speaking about this, Mr. Sharma said, Transaction costs are reduced substantially when Aadhaar is used as an authentication tool. If you are taking a mobile connection, currently the cost of activation of a mobile customer is Rs 150 because you have to fill a customer acquisition form (CAF), you have to give paper documents. if you use digital identity authentication, you can fill the customer form, digitally sign it and get your electronic KYC. So, essentially the cost is equal to zero. (We have) made recommendations to the Department of Telecom (DoT) to this effect and the latter has apparently accepted it. When operators issue new connections using the Aadhaar card, it would speed up the verification process as everything will be done online. Now, what is happening is one person who takes your PAN card is able to give 20 SIMs to different people and if they commit a crime, you will be caught. You are not aware who is using or misusing your PAN card to get the SIMs.
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