Aadhaar
Features & Benefits
Aadhaar is a 12-digit unique identification (UID) number which the Unique Identification Authority of India (UIDAI) is issuing for all Indian residents. The Unique Identification Authority of India (UIDAI) is an agency of the Government of India responsible for implementing the AADHAAR scheme, a unique identification project. The UID number is stored in a centralized database and linked to the basic demographics and biometric information – photograph, fingerprints and iris – of each individual. The authority will maintain a database of residents containing biometric and other data. Federal Bank provides the facility for linking Aadhaar number with bank accounts.
The benefits of linking Aadhaar number with bank accounts are:
- Direct credit of subsidies from government, that include subsidies on LPG, Kerosene, Sugar etc
- Direct credit of welfare funds, pensions, scholarship, MNREGA wages etc from government.
- Aadhaar is a valid Know your Customer (KYC) document to open bank accounts
- Aadhaar enabled accounts ensure reduction in leakages of government spending
- The online, inter-operable architecture of Aadhaar Enabled Payment System (AEPS) allows a resident to access his account from anywhere in the country and in the near future, the account will be accessible through any delivery channel e.g. ATMs, microATMs etc
How to apply?
- If you are an existing customer all you have to do is to step in to your nearest branch with a copy and original of your Aadhaar card.
- If you are a new customer you may please produce the copy and original of your Aadhaar card at the time of account opening.
Benefits of Aadhaar Card
Aadhaar is a 12-digit unique identification (UID) number which the Unique Identification Authority of India (UIDAI) is issuing for all Indian residents.
How can I get Aadhaar Card?
Residents of India need to visit the nearest Enrollment Camp and need to fulfill the formalities in order to register for an Aadhaar.
- Documents Verification.
- Biometric Scanning of Ten Fingerprints.
- Biometric Scanning of Iris.
- Photograph.
The following documents are required while applying for aadhaar UID card.
Proof of name and photo identity: (any one from list below)
- Passport/PAN card/Ration/PDS photo card/Voter ID/Driving license/Government photo ID cards/
- NREGS job card/Photo ID issued by recognized educational institute etc.
Proof of address: (any one from list below):
- Passport/Bank Statement/Passbook/Post Office/Account Statement/Passbook/
- Ration Card/Voter ID /Driving License/Government Photo ID cards/Electricity Bill (not older than 3 months)/Water bill (not older than 3 months)/Telephone Landline Bill (not older than 3 months)/
- Property Tax Receipt (not older than 3 months)/Credit Card Statement (not older than 3 months)
- Insurance Policy etc.
It is advised that you should link your Aadhaar number with your bank accounts:
Benefits of linking Aadhaar number with bank accounts
- Direct credit of subsidies from government that include subsidies on LPG, Kerosene, Sugar etc.
- Direct credit of welfare funds, pensions, scholarship, MNREGA wages etc from Government.
- Aadhaar is a valid Know your Customer (KYC) document to open bank accounts.
- Aadhaar enabled accounts ensure reduction in leakages of government spending
- The online, inter-operable architecture of Aadhaar Enabled Payment System (AEPS) allows a resident to access his account from anywhere in the country and in the near future, the account will be accessible through any delivery channel e.g. ATMs, microATMs etc.
If you are an existing customer all you have to do is to step in to your nearest branch with a copy and original of your Aadhaar card.
If you are a new customer you may please produce the copy and original of your Aadhaar card at the time of account opening.
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