J&K Bank launches Aadhaar enrolment and updating service

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Srinagar, Sep 15: With a view to facilitate Aadhaar enrolment to customers as well as the residents of Jammu and Kashmir, J&K Bank today became the first bank to launch Aadhar Enrolment and Updating Services in the state.

Chairman & CEO Parvez Ahmed today launched the services here at Corporate Office in presence of Executive Presidents Vagesh Chander, S S Sehgal, Sr. President Abdul Rashid, Presidents Abdul Rashid Shegan, P K Tickoo, Nishi Baru, Vice Presidents and other senior officers of the bank.

Speaking on the occasion, Chairman said, “It is quite pleasing to launch these services today as these will facilitate hassle-free Aadhaar enrolment, biometric update besides updating demographic details of not only our customers but all the residents of Jammu and Kashmir.”

“The entire process shall also expedite the process of seeding Aadhaar number with bank accounts, which has been made mandatory by the Government”, he added.

In first phase, the Bank is rolling out the services at five of its business units in Kashmir and the facility shall be subsequently extending to 80 business units across the state. The business units of the bank that shall be providing the Aadhaar enrolment and updating services are Saida Kadal, BB Cantonment, Zakura, Theed Harwan and Zainakot.

Providing Aadhaar enrolment and update facility at business units shall ensure instant seeding of Aadhaar numbers and other KYC details in customer accounts.

Under this initiative the facilities that will be made available to customers/residents are new enrolment, biometric update and demographic update (name, address, DoB, mobile, gender and email).

New enrolment of customers/residents will be free of charges. However, customers shall be charged for any update of the existing Aadhaar as per the rates approved by the Unique Identification Authority of India (UIADI).

Notably, Government has made it mandatory for every scheduled commercial bank to provide Aadhaar enrolment and update facility to its customers within branch premises in at least 1 out of 10 branches by 30th of September, 2017.

As per the said amendment every new account shall require Aadhaar authentication of the customers. Besides, every existing bank account in the country is to be verified through Aadhaar authentication before 31st December 2017.

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