However, even before the SC judgment, Aadhaar eKYC had its limitations, which will still be there. Moreover, the account holder will have to undergo complete KYC verification within a year to convert the account into a regular one. To complete the KYC, the customer can now use Aadhaar biometrics or offline Aadhaar verification, or other officially valid documents. However, like fintechs, they can use the offline Aadhaar verification, which can be done through the KYC XML or QR code. It remains to be seen how different regulators take up the issue with the government and if Aadhaar eKYC would become mainstream again, and when.

Source: Mint June 02, 2019 10:30 UTC