OTP based aadhaar seeding and authentication of accounts
In terms of amendments made under Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017, all accounts need to be aadhaar seeded and authenticated with biometric or Yes-No facility
In order to facilitate the customers to seed aadhaar in accounts/authenticate already seeded accounts, our bank has come out with a secure web page through which any customer can do the same sitting at home. Since the seeding/authentication is OTP based, only those customers whose mobile numbers are updated in bank accounts as well as in aadhaar database can use this facility.