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In a bid to make poor and illiterate in the rural areas adopt to <keyword id="6358577" type="UNKNOWN" weightage="20" keywordseo="Digital-Payments">digital payments</keyword>, the government is now giving <keyword id="6693683" type="UNKNOWN" weightage="20" keywordseo="Aadhaar-Pay">Aadhaar Pay</keyword> a push as it will ensure financial transactions by just using fingerprint. 
 
Aadhaar Pay is a merchant version of <a href="http://www.businessinsider.in/searchresult.cms?query=Aadhaar-enabled+payment+system&amp;sortorder=effectivedate">Aadhaar-enabled payment system</a> (AEPS) and the government hopes that it will be an alternative for all online and card transactions which require password and PIN. It will facilitate merchants to take <a href="http://www.businessinsider.in/searchresult.cms?query=cashless+payments&amp;sortorder=effectivedate">cashless payments</a> from a customer as it will only require Aadhaar number, name of the bank (from where the money is to be deducted) and finger print for authentication. 
 
<a href="http://www.businessinsider.in/searchresult.cms?query=Unique+Identification+Authority+of+India&amp;sortorder=effectivedate">Unique Identification Authority of India</a> (UIDAI) CEO AB Pandey said Aadhaar Pay works on any android-based phone, even a low cost one, with an attached finger biometric device. 
 
"This ensures digital transactions which are cardless, <a href="http://www.businessinsider.in/searchresult.cms?query=PINless&amp;sortorder=effectivedate">PINless</a>... There is no need of smartphone for the customers,” he told ET. 
 
In a move to make Aadhaar Pay popular, the government has asked banks to enrol 30-40 merchants per branch so that they are able to take cashless payments from customers. 
 
At present five banks - <a href="http://www.businessinsider.in/searchresult.cms?query=Andhra+Bank&amp;sortorder=effectivedate">Andhra Bank</a>, <a href="http://www.businessinsider.in/searchresult.cms?query=IDFC+Bank&amp;sortorder=effectivedate">IDFC Bank</a>, <a href="http://www.businessinsider.in/searchresult.cms?query=IndusInd+Bank&amp;sortorder=effectivedate">IndusInd Bank</a>, <a href="http://www.businessinsider.in/searchresult.cms?query=State+Bank+of+India&amp;sortorder=effectivedate">State Bank of India</a> and <a href="http://www.businessinsider.in/searchresult.cms?query=Syndicate+Bank&amp;sortorder=effectivedate">Syndicate Bank</a> - have gone live over Aadhaar Pay and several banks are in the process of launching pilots on the app.

Fingerprint-enabled Aadhaar Pay may soon become a reality in rural areas

<keyword id="1029687" type="PERSON" weightage="100" keywordseo="Ajay-Bhushan-Pandey">Ajay Bhushan Pandey</keyword>, CEO of Unique Identification Authority of India has expressed complete confidence in the <a href="http://www.businessinsider.in/pm-modi-officially-launches-bhim-on-br-ambedkars-anniversary/articleshow/58178474.cms">BHIM</a>-Aadhaar Pay system, saying that it is more secure than any debit card or credit card network. Talking to ET, Pandey also spoke about the benefits that merchants who accept payment through Aadhaar would get from the governments. On being asked about the total amount that the merchants would get, he said that even though the amount is being still estimated, the government has made the commitment and is working on it. Also talking about the government’s aim behind launching BHIM-Aadhaar, he said that the app is for those unable to use other means of <keyword id="1399736" type="UNKNOWN" weightage="100" keywordseo="Digital-Payment">digital payment</keyword>, either because of lack of mobile phone or being financially illiterate to handle <a href="http://www.businessinsider.in/markets/economy/swipe-machine-numbers-up-by-10-lakh-post-demonetisation/articleshow/58123731.cms">all the information</a> that these digital payment apps demand. They would be able to use their fingerprint and Aadhaar number for <a href="http://www.businessinsider.in/markets/economy/shop-scan-simple-pay-your-shopping-bills-by-scanning-qr-codes/articleshow/57938337.cms">shopping</a> at local kirana stores, medicine shops, hospitals, fertilizer shops and ration shops. Also read: <a href="http://www.businessinsider.in/fair-price-shop-owners-are-discouraging-digital-payments/articleshow/58142728.cms">Fair price shop owners are discouraging digital payments</a> By September 2017, there will be 20 lakh merchants on <keyword id="4419021" type="UNKNOWN" weightage="100" keywordseo="BHIM-Aadhaar-pay">BHIM-Aadhaar Pay</keyword>, and they won't have to pay any MDR (merchant discount rate). Rather, they will receive an incentive of 0.25% of the transaction value (limited to certain caps). Customers too will not be charged anything, and to top it all, this would be an extremely safe method of digital payments. The application that merchants will use will be developed by the bank, which would then be security tested by the <keyword id="193629" type="CITY" weightage="100" keywordseo="NPCI">NPCI</keyword> (National Payments Council of India) and other appropriate security agencies. This would prevent misuse of data, and even if any misuse happens, the person will definitely be caught. Also read: <a href="http://www.businessinsider.in/paytm-freecharge-bhim-etc-have-serious-privacy-concerns-here-are-the-details/articleshow/58109151.cms">Paytm, Freecharge, BHIM, etc have serious privacy concerns. Here are the details</a>

UIDAI CEO confident about BHIM and Aadhaar Pay, says misuse not possible

Amid the privacy and protection concerns voiced by various groups, the top team of <keyword id="86474" type="ORGANIZATION" weightage="20" keywordseo="Unique-Identification-Authority-of-India">Unique Identification Authority of India</keyword> (UIDAI) is exploring the possibility of introducing dummy numbers that would add an extra layer of <keyword id="6355300" type="CITY" weightage="20" keywordseo="security">security</keyword> to every <keyword id="144117" type="PERSON" weightage="100" keywordseo="AADHAAR">Aadhaar</keyword> cardholder. Such a framework would require an individual to share dummy or pseudo numbers — and not the real Aadhaar number — to government agencies, private utilities, banks and while withdrawing money from ATMs or moving funds from one bank account to another under the Aadhaar-enabled payment system. Besides the cardholder, the original Aadhaar number would be known only to UIDAI. No details yet The creation of dummy numbers and the frequency at which it can be generated and used would depend on the design architecture of the system. UIDAI, a statutory authority, is responsible for Aadhaar enrolment and authentication, issuance of Aadhaar numbers as well as ensuring the security of identity information and authentication records of individuals. Its measures on data protection and development of new standards on technologies like Aadhaar-Pay are ongoing. The organization, however, currently finds itself in a situation where the provisions of the very law (Aadhaar Act 2016) under which it was established has been challenged in the country’s highest court of law. Toeing the government directive, banks, utilities and credit card issuers are repeatedly asking customers to link their Aadhaar details to respective accounts by 31 December 2017, failing which services would be discontinued. Critics of Aadhaar are resisting such coercion to link Aadhaar with multiple service providers. They are hoping that some of these rules may change after the <keyword id="6354977" type="ORGANIZATION" weightage="20" keywordseo="Supreme-Court">Supreme Court</keyword> ruling. The apex court hearing on the Aadhaar case is scheduled to begin on November 28.

To ensure security, Aadhaar may add security layer with dummy numbers

<ul><li><keyword id="4009819" type="PERSON" weightage="20" keywordseo="Amazon-Pay">Amazon Pay</keyword>, <keyword id="18635" type="CITY" weightage="20" keywordseo="Amazon">Amazon</keyword> <keyword id="418872" type="PERSON" weightage="20" keywordseo="digital-wallet">digital wallet</keyword> in <keyword id="3658" type="COUNTRY" weightage="20" keywordseo="India">India</keyword>, is rolling out user verification (KYC) for its customers.</li><li>Reportedly submitting biometrics using <keyword id="144117" type="ORGANIZATION" weightage="20" keywordseo="AADHAAR">Aadhaar</keyword> credentials is a faster process for verification than other physical documents. </li><li>But concerns related to Aadhaar aren’t about its convenience, but about its security.</li></ul>Amazon Pay is the next digital wallet to roll out physical customer verification — but there’s a catch. If you use your <keyword id="6356006" type="UNKNOWN" weightage="20" keywordseo="Aadhaar-card">Aadhaar card</keyword> for verification, the process is a lot quicker than if you other methods of verification — passport, drivers license, voter ID, or bank statements. It’s not really Amazon’s fault because the biometric verification through Aadhar is simple matter of verifying your fingerprint through a fingerprint reader. But, with other physical documents, the company needs people on the ground to verify the authenticity of the documents. Simply put, the verification through Aadhaar is a lot cheaper for Amazon as compared to using other documents for physical verification. Amazon Pay and other digital wallets have to enforce user verification in line with the Reserve Bank of India’s new policy on data localisation. Not an Amazon-specific problem India’s central bank, the Reserve Bank of India, rolled out its data localisation policy rendering 95% of mobile wallets in the country vulnerable to being shut down. The directive of the policy makes it mandatory for all digital wallets to have biometrics or physical customer verification in place. Even PayTM nudged its users into adopting KYC in order to continue using their wallets. If your PayTM account isn’t verified, you can still receive payments from other users and make payments at retail outlets using the QR-code but you can’t send out money to other users directly. Other digital wallets like MobiKwik have shifted to diversifying themselves because they haven’t been able to push their customers towards KYC norms with RBI’s February deadline coming up. The case with Aadhaar India’s top court has already ruled that private companies can’t make it ‘mandatory’ for Aadhaar to be the only method of user verification. But that doesn’t negate it as an option. The issue that people are facing with Aadhaar isn’t whether or not it’s convenient, but whether or not it’s safe. The series of data breaches associated with the Aadhaar system didn’t happen through actual government database, but through third-party organisations that were using Aadhaar information as user identification. A <a href="https://timesofindia.indiatimes.com/india/80-people-concerned-about-aadhaar-data-security-study/articleshow/64382747.cms">study </a>by Velocity MR estimates that as many as 80% of respondents in India are concerned about data security when it comes to giving out their Aadhaar card information anywhere. It’s not just about identity theft but information being leaked that leads to customers being spammed over text and email — or even phished. This is probably why Amazon is looking to roll out its own Unified Payments Interface (<keyword id="6358921" type="ORGANIZATION" weightage="20" keywordseo="upi">UPI</keyword>) because, in that case, KYC isn’t mandatory for setting up an account. The verification done by the respective banks is enough. See also: <a href="https://www.businessinsider.in/in-india-amazons-fight-is-not-just-with-flipkart-but-with-paytm-google-pay-and-truecaller/articleshow/67456165.cms">In India, Amazon's fight is not just with Flipkart, but with PayTM, Google Pay and Truecaller</a> <a href="https://www.businessinsider.in/indian-government-portal-leaks-8-9mn-aadhaar-details-again/articleshow/63924186.cms">Indian government portal leaks 8.9mn Aadhaar details, again</a> <a href="https://www.businessinsider.in/supreme-court-clarifies-that-aadhar-isnt-mandatory-for-a-new-sim-connection/articleshow/63928188.cms">Supreme Court clarifies that Aadhar isn’t mandatory for a new SIM connection</a>

This is why Amazon wants your Aadhaar number

Mandating the linking of PAN with Aadhaar, the government has so far extended the deadline seven times. The latest deadline was September 30, which has been further extended now to December 31, 2019. Hence, all PAN card holders must now link their PAN with Aadhaar. PAN is issued by the Income Tax Department of India to persons, firms or entities and it is a 10 digit alphanumeric number. Aadhaar is issued by the Unique Identification Authority of India to all residents of the country. During September 2018, the Supreme Court declared that the Aadhaar scheme is valid constitutionally and upheld the ruling that this biometric ID will continue to be considered mandatory for filing income tax returns as well as allotment of new PAN. Benefits of Linking PAN card to Aadhar card Apart from fulfilling the government mandate, there are several benefits to linking PAN with Aadhaar. Preventing any PAN card frauds Linking PAN with Aaadhaar can help the government filter and weed out those PAN cards that are fake and used by individuals to conceal their taxable income or evade the paying of income taxes. Finding out tax evaders PAN card is an essential document to pay taxes. PAN is also a must KYC document for bank accounts. Linking Aadhaar with PAN will automatically link the person’s Aadhaar with their bank accounts. Hence the government will be in an advantageous position to track the transactions of all persons and ascertain if the taxes they pay is right or not. Curbing the circulation of black money Fake identities help conceal the illegal activities like drug trafficking. When the PAN is linked with Aadhaar, it will rule out the possibility of such illegal activities. Easy to file tax returns for taxpayers The present laws by the government mandate the linking of PAN with Aadhaar. Once it is linked, the taxpayers can file their income tax returns online in a hassle-free way rather quickly. Taxpayers are also saved from the additional job of sending acknowledgement to the IT department. ITR-V can also be verified through an OTP you receive on your mobile number registered with Aadhaar. How to link Aadhaar to PAN online? Linking Pan with Aadhaar is a very easy process. Before doing this, ensure that the details your personal details you find on PAN and Aadhaar are the same. In case the name, spelling and other details found on these cards do not match, you need to rectify them. Use the link <a href="https://www.onlineservices.nsdl.com/paam/endUserRegisterContact.html">https://www.onlineservices.nsdl.com/paam/endUserRegisterContact.html</a> for correcting the details on your PAN card. If the date of birth in both the documents match with each other perfectly, you can also choose to link PAN and Aadhaar without correcting your name either document. To do this, generate an OTP and upload a scanned copy of your PAN card on the official website of the Income Tax Department. Steps to link PAN card with Aadhaar Card 1. Visit the site <a href="http://www.incometaxindiaefiling.gov.in/home">http://www.incometaxindiaefiling.gov.in/home</a> 2. Click on the link ‘Link Aadhaar’. 3. Fill out the application you will see on the page. 4. Once you enter the details asked, enter the captcha code. 5. Finally click on the ‘Link Aadhaar’ link.

Last date to link PAN card with Aadhaar extended for the 7th time, now to 31 December — Know the complete process

The government is mandating <keyword id="1780363" type="UNKNOWN" weightage="100" keywordseo="biometric-authentication">biometric authentication</keyword> for several Companies Act-related transactions, including joining the board of directors of a company, or filing its returns by chartered accountants and company secretaries. This authentication would be done using <a href="Systems%20reject%20matching%20PAN%20cards%20initials%20with%20Aadhaar%20database">Aadhaar cards</a>. In the past, <a href="http://www.businessinsider.in/strategy/Ministry-of-Corporate-Affairs-accuses-Infosys-of-botching-up-its-website-threatens-to-cut-payment/articleshow/51975790.cms">Ministry of Corporate Affairs</a> (MCA) has come across several instances of people being appointed directors either without knowledge or without receiving a Director Identification Number (DIN), which is required for joining a board. This was being done by forging their signatures, which would not be possible once Aadhaar verification comes into place. Also read: <a href="http://www.businessinsider.in/the-beginners-guide-to-aadhaar-pay/articleshow/57495093.cms">The beginner's guide to Aadhaar Pay</a> Once the verification is mandated, a DIN would need filling up the form online which would then be authenticated using biometric devices. A team from Infosys is working on a new mechanism for this authentication, which would in the coming years be expanded to include all MCA-related work. Starting this year, the I-T department has also mandated <a href="http://www.businessinsider.in/tech/Aadhaar-enabled-smartphones-for-money-transfer/articleshow/53630610.cms">Aadhaar</a> for issuing <a href="http://www.businessinsider.in/yourmoney/your-money/tax-dept-app-to-track-refunds-plans-issuing-pan-in-real-time/articleshow/57578243.cms">PAN</a>s, so that no individual can hold multiple PANs to evade taxes. Also read: <a href="http://www.businessinsider.in/linking-aadhaar-cards-to-bank-accounts-mandatory-says-i-t-department/articleshow/58141476.cms">Linking Aadhaar cards to bank accounts mandatory, says I-T department</a>

Aadhaar mandatory for joining boards and filing tax returns

<keyword id="6355252" type="CITY" weightage="100" keywordseo="UIDAI">UIDAI</keyword>, the Unique Identification Authority of India, has assured that its biometrics data are completely secure. The announcement was made after some rumours cropped up last week about a possible breach in the biometric security of the <a href="http://www.businessinsider.in/Aadhaar-beats-even-the-FBIsdata-base-fair-and-square-becoming-the-worlds-largest-biometric-database/articleshow/47068353.cms">Aadhaar database</a>. 
 
The authority has said the reported breach was a one-off incident, in which an employee working with a bank's business correspondent's company made an attempt to misuse his own biometrics. The breach was detected by UIDAI internal security system and appropriate action was taken. 
 A police complaint has been filed against Axis Bank, business correspondent Suvidhaa Infoserve and e-sign provider <keyword id="1662229" type="UNKNOWN" weightage="100" keywordseo="eMudhra">eMudhra</keyword> for attempted unauthorised authentication and impersonation by illegally storing <keyword id="144117" type="ORGANIZATION" weightage="100" keywordseo="AADHAAR">Aadhaar</keyword> biometric data, said a release by UIDAI. 
 
 "Any unauthorised capture of iris or fingerprints or storage or replay of biometrics or their misuse is a criminal offence under the <a href="http://www.businessinsider.in/Centre-to-link-Aadhaar-with-NPR-chalks-out-a-budget-of-Rs-951-crore/articleshow/47877985.cms">Aadhaar</a> Act," it said. 
 
Also read: <a href="http://www.businessinsider.in/verify-drivers-and-domestic-helps-using-Aadhar-Cards/articleshow/50818292.cms">Verify your drivers and domestic helps using Aadhar Cards before hiring</a> 
 
"UIDAI uses one of world's most advanced encryption technologies in transmission and storage of data. As a result, during the last seven years, there has been no report of breach or leak of residents' data out of UIDAI," the statement claimed. 
 
Also read: <a href="http://www.businessinsider.in/Aadhaar-encryption-protects-privacy-will-take-eons-to-crack/articleshow/49348547.cms">Not easy to crack Aadhaar encryption code! Would require the most powerful computer to do that</a> 
 <keyword id="4256821" type="UNKNOWN" weightage="100" keywordseo="security-of-aadhaar">Security of Aadhaar</keyword> card is all the way more important now that a biometric-enabled payment system called Aadhaar Pay is about to be launched. 
 
Also read: <a href="http://www.businessinsider.in/A-Step-Toward-Digital-India-10-Crore-Aadhaars-Linked-To-Bank-Accounts/articleshow/45523974.cms">A Step Toward Digital India: 10 Crore Aadhaars Linked To Bank Accounts</a> 
 
(Image Source: Wikimedia)

Database completely secure, UIDAI assures

The I-T department has developed a mobile app for paying taxes and tracking refunds and is considering issuing PANs on real time basis using Aadhaar biometric. 
 "Income Tax department is considering issuing of Permanent Account Number (PAN) on a real time basis using Aadhaar's e-KYC facility. The proposal is at an initial stage of consideration," Minister of State for <keyword id="25455" type="ORGANIZATION" weightage="20" keywordseo="finance">Finance</keyword> <keyword id="258592" type="PERSON" weightage="20" keywordseo="Santosh-Kumar-Gangwar">Santosh Kumar Gangwar</keyword> said in a written reply to the <keyword id="6355187" type="ORGANIZATION" weightage="20" keywordseo="Lok-Sabha">Lok Sabha</keyword> today. 
 
Besides, he said a mobile app "for paying taxes online has been developed. The mobile application has the functionality to pay taxes and track refunds". 
 
<a href="http://www.businessinsider.in/bloomsbury-unviels-the-harry-potter-and-the-prisoner-of-azkaban-illustrated-edition/articleshow/57539590.cms">ALSO READ: Bloomsbury unveils the Harry Potter and the Prisoner of Azkaban Illustrated Edition</a> 
 He said the PAN allotment system of the I-T department is integrated with the <keyword id="6376435" type="ORGANIZATION" weightage="20" keywordseo="Ministry-of-corporate-affairs">Ministry of Corporate Affairs</keyword>' portal for allotment at the time of incorporation of a company. 
 "A turn-around-time of 4 hours is prescribed for allotment of PAN after receipt of PAN application from <keyword id="6355225" type="COMPANY" weightage="20" keywordseo="MCA">MCA</keyword> portal to PAN service provider <keyword id="77072" type="ORGANIZATION" weightage="20" keywordseo="NSDL">NSDL</keyword> eGov portal," he said. 
 
<a href="http://www.businessinsider.in/heres-a-first-of-its-kind-startup-auctioning-a-weekend-yoga-retreat-with-shilpa-shetty/articleshow/57578049.cms">ALSO READ: Here's a first-of-its-kind startup auctioning 'A Weekend Yoga Retreat with Shilpa Shetty'</a> 
 Besides, the tax department has started online PAN application facility using digital signature certification or Aadhaar based e-signature. "Also, online paperless PAN application facility using Aadhaar based e-KYC and e-signature is available through the websites of PAN services providers NSDL eGov and UTIITSL. In this facility, Aadhaar data is used for allotment of PAN and there is no need to upload scanned copies of any document," <keyword id="388942" type="PERSON" weightage="20" keywordseo="gangwar">Gangwar</keyword> said. 
 
The aadhaar-based e-KYC facility would allow individuals or entities wanting to apply for PAN to verify details such as date of birth or address by way of biometric identification using thumb impressions. 
 
<a href="http://www.businessinsider.in/hyperloop-one-asks-indians-to-identify-the-first-busy-route-where-it-can-bring-ultra-fast-transportation-system/articleshow/57551789.cms">ALSO READ: Hyperloop One asks Indians to identify the first busy route where it can bring ultra-fast transportation system</a> 
 
So far, more than 111 crore Aadhar numbers have been issued. The unique identification number is being used for getting a new SIM card, for opening bank accounts, transfer of subsidies and also for biometric-based digital payments under Aadhaar Enabled Payment System. 
 
As per the government estimate, every year 2.5 crore people across the country apply for PAN cards. 
 
There are more than 25 crore PAN card holders in the country.

Tax dept app to track refunds; plans issuing PAN in real time

In what is being regarded as a major milestone in <keyword id="6360789" type="ORGANIZATION" weightage="60" keywordseo="Modi-Government">Modi government</keyword>’s <keyword id="2412682" type="UNKNOWN" weightage="80" keywordseo="Digital-India-mission">Digital India mission</keyword>, bank accounts of 10 crore people have been linked with their <keyword id="144117" type="ORGANIZATION" weightage="80" keywordseo="AADHAAR">Aadhaar</keyword> card numbers. The move would allow these individuals to digitally receive government welfare subsidies and other payments in a hassle-free manner directly into their bank accounts. 
 
If the person moves to another part of India, they can access these subsidies as the facility is portable across any bank in the country. Till date, 333 banks are live on this platform. 
 
In order to link Aadhaar number to the bank account, one needs to provide a copy of their Aadhaar letter or their e-Aadhaar to the bank branch in which he/she holds the account. Once the account is seeded, it can be used by central government departments to transfer subsidies directly into this bank account. 
 
And just by dialling *99*99# on their mobile phones, residents can check status of the Aadhaar-Bank account linkage. To avail this facility, which is provided by National Payments Corporation of India (NPCI), you need to pay Rs 1.50 per enquiry. 
 
The Aadhaar identity platform is the largest biometric database in the world and serves users ranging from LPG consumers, MNREGA workers, PDS, remittance and scholarship beneficiaries, etc. – all using their Aadhaar number to avail benefits. 
 
Till December 9, 2014, nearly eight crore transactions have been carried out through the Aadhaar Payment Bridge for various welfare programs of the BJP government, which amounted to Rs 5,151.51crore. 
 
On Dec 12, 2014, issuance of Aadhaars crossed the Rs 72 crore-mark across the country. 
 The <keyword id="86474" type="ORGANIZATION" weightage="60" keywordseo="Unique-Identification-Authority-of-India">Unique Identification Authority of India</keyword> (<keyword id="6355252" type="CITY" weightage="60" keywordseo="UIDAI">UIDAI</keyword>), which has received national and international acclaim for the Aadhaar project, has also been declared as the best agency for “security in e-governance,” as per a press release available on Press Information Bureau. 
(Image: The Economic Times)

A Step Toward Digital India: 10 Crore Aadhaars Linked To Bank Accounts

New Delhi, Feb 3 () As the date for linking PAN with Aadhaar has been extended by a year, the government has linked over 30 crore such numbers with the unique identification code, Minister of State for Finance Anurag Singh Thakur said in Parliament on Monday.
 The total permanent account numbers (PANs) which are linked with Aadhaar number as on January 27, 2020, is 30,75,02,824, Thakur informed the Lok Sabha.
 When asked if the government has extended the deadline period for Aadhaar-PAN linking, the minister responded in an affirmative "Yes sir".
 He said the due date for linking of PAN with Aadhaar has been further extended from December 31, 2019, to March 31, 2020.
 "As on January 27, 2020, a total of 17,58,03,617 PANs are not linked with Aadhaar. The extension of due date for linking of PAN with Aadhaar will benefit these PAN card holders as they get extra time to link their PANs with Aadhaar," Thakur said in Parliament.
 Also, to ensure that the sensitive data is not leaked by handling organisations, guidelines laid down by Unique Identification Authority of India (UIDAI) in this regard are being followed, he said.
 Appropriate measures have also been taken under provisions of Income-Tax Act, Information Technology Act and other applicable laws that the confidentially of data is maintained.
 On being asked if the government also proposes to link all property-related transactions with Aadhaar to curb benami property and bring transparency, he said the due date for linking of PAN with Aadhaar is March 31, 2020.
 "This measure will help to curb benami property and bring in transparency," Thakur said.
 He said, under the Income Tax (I-T) Act, a person is required to quote PAN in respect of any sale or purchase of immovable property for an amount exceeding Rs 10 lakh or valued by stamp valuation authority.
 In a separate query on PAN and bank account linking, the Finance Ministry informed the house that approximately 85 per cent of the current and savings accounts (CASA) are Aadhaar seeded as on January 24, 2020.
 Besides, as per data provided by the National Payments Corporation of India (NCPI), 59.15 crore RuPay cards have been issued by banks as on December 31, 2019. KPM ANS
ANS

Over 30 cr PANs linked with Aadhaar so far: Thakur

Mansi Thapliyal/ReutersA villager goes through the process of eye scanning for Unique Identification (UID) database system in India.If you're an Indian citizen, chances are you're well-acquainted with a government program that scans people's fingerprints and irises and uploads the data to a federal database. If you don't comply, you risk losing the ability to pay your taxes, collect welfare money, and access other government assistance programs.And if you're unlucky, you might even lose the ability to stay private, as hackers could use the data to trace your phone calls, messages, and physical location.This is the reality for India's 1.3 billion people, who since 2009 have been asked to comply with an ID-collection system the government bills as voluntary, but only if people don't mind forgoing basic civic entitlements, <a href="http://www.latimes.com/world/la-fg-india-database-2017-story.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+GreenspaceEnvironmentBlog+%28Greenspace%29">the Los Angles Times reports</a>. The program, known as Aadhaar, or "foundation" in Hindi, seeks to log every person's identity using biometric data collected at various "enrollment agencies" scattered around the country - primarily in an effort to cut down on instances of fraud and counterfeiting.Over the last eight years, the government has moved a growing number of transactions to the Aadhaar bucket. Most recently, it said people could file their income taxes <a href="http://www.hindustantimes.com/business-news/now-aadhaar-a-must-to-file-income-tax-returns-and-apply-for-pan-card/story-71CBEXGGD8yd9iFjUn4oNI.html">only if they had first registered</a> with Aadhaar, Hindstan Times reports.Mansi Thapliyal/ReutersVillage women stand in a queue to get themselves enrolled for the Unique Identification (UID) database system at Merta district in the desert Indian state of Rajasthan.Similar to criticisms raised in the US over voter ID laws, critics of Aadhaar worry what will happen to India's rural poor if they can't visit an enrollment center to join.Aadhaar's proponents say the system actually makes life more convenient for Indian citizens. Historically, people have needed a stack of documents - bills, ID cards, tax forms - to prove their identity. Aadhaar replaces all those with one quick thumb scan. Instantly, the bank teller knows you're who you say you are, and your pockets remain as empty as ever.Mansi Thapliyal/ReutersThe Indian government has begun to use Aadhaar to make direct cash transfers to the poor, in an attempt to cut out frauds who siphon billions of dollars from welfare schemes.Prime Minister Narendra Modi views Aadhaar as part his ongoing mission to upgrade India's technology.On November 8, Modi issued a ban on 86% of Indian paper currency - a ban that took effect just four hours later - over fears that most of the currency was earned illegally or used for illicit means. He called it "black money," and gave Indians until December 30 to trade in their old notes for new ones. The country has been holding <a href="http://www.businessinsider.com/india-electronic-lottery-cash-crisis-2016-12">a massive recurring lottery</a> ever since to entice people to join a new electronic system, which lets people pay via digital ID badges."Our objective is to make digital payments a huge mass movement in this country," Amitabh Kant, CEO of the state-run think tank NITI Aayog, <a href="http://money.cnn.com/2016/12/15/news/india/india-digital-payment-cash-lottery/index.html?iid=hp-stack-dom">told CNN</a> in December 2016, when the lottery launched.Whether Aadhaar ends up being labeled a success likely depends on politics. India's government insists the program adds greater accountability to the many social services it oversees. But critics argue those goals are better served through less intrusive means, such as reforming welfare programs.An Indian think tank, for instance, recently found personal data of <a href="http://cis-india.org/internet-governance/information-security-practices-of-aadhaar-or-lack-thereof-a-documentation-of-public-availability-of-aadhaar-numbers-with-sensitive-personal-financial-information-1">135 million people</a> is available on unsecure websites. If an opportunistic hacker were to grab that data for nefarious means, in theory they could use it to pose as whomever they wanted. As one member of the think tank told the LA Times, stolen credit cards can be replaced. Biometric data is forever. <h3>NOW WATCH: <a href="http://www.businessinsider.com/martin-gilbert-aberdeen-asset-management-india-most-attractive-emerging-market-2017-5">A $385 billion fund CEO on why he is pumped about India</a></h3> Please enable Javascript to watch this video

You Searched For "Aadhaar Pay" and got 11 results

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Over 30 cr PANs linked with Aadhaar so far: Thakur

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