16 digit Aadhaar virtual No for KYC from 01.07.2018
The Unique Identification Authority of India’s (UIDAI)’s virtual ID system will kick in from Sunday, allowing you to generate a 16-digit number that can be shared with telecom companies and several other service providers in case you do not wish to disclose your Aadhaar number for completing electronic know-your-customer (eKYC) formalities.
This is the first stage with the new tool, meant to protect your privacy, to be fully operational after August 31 when banks and other service providers will also have to roll out the VID facility.
Once a consumer shares his or her VID, the service provider will receive a UID token instead of the Aadhaar number. which was the case earlier. In addition, the government agency has also mandated sharing of limited details with all service providers. While the so-called global authentication user agencies (AUA) like banks or the income tax department (for issuing PAN) will receive all the details, telecom companies or e-wallet providers will only get access to a part of the details captured on Aadhaar, like name and address, or even the photograph. Read Aadhaar card Virtual ID : FAQ’s
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