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A bank account can be enabled as AeBA by seeding (linking) it with an Aadhaar number. Seeding makes mapping information stored on the NPCI payment gateway that facilitates the subsidy payment. Seeding helps identify genuine and eligible beneficiaries and prevents duplicate and non-existent persons from registering. [11]
On 1 March 2018, Virtual ID aka VID was introduced and was made as an option for agencies to use Virtual ID by 1 September 2018. A Virtual ID is a 16-digit number that is generated using the Aadhaar number. This Virtual ID can then be used instead of the Aadhaar number to carry out some Aadhaar-related work. [citation needed] [251]
United Bank of India (UBI) was an Indian nationalized bank which provided financial and banking services. Established in 1950 and headquartered in Kolkata , the bank was nationalised by the government of India in 1969 becoming one of public sector banks in the country.
Union Bank of India was established on 11 November 1919 in Bombay (now Mumbai) by Seth Sitaram Poddar. [1] The bank's corporate office was inaugurated by Mahatma Gandhi . At the time of India's independence in 1947, the bank had four branches – three in Mumbai and one in Saurashtra in trade centres. [ 9 ]
National Payments Corporation of India (NPCI) is an Indian public sector company that operates retail payments and settlement systems in India. The organization is an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust payment and settlement infrastructure in India.
Udyog Aadhaar is a twelve digit Unique Identification Number provided by the Indian Ministry of Micro, Small and Medium Enterprises beginning in September 2015. [2] [3] It is also known as Aadhaar for business. [4] As of July 2018, more than 4.8 million (48 lakh) MSMEs [1] in India are registered under Udyog Aadhaar. [5]
The UIDAI will issue an Aadhaar number to the resident after verifying the data. According to Clause 4, it should be unique and random. The Clause 6 states that the UIDAI may require Aadhaar number holders to submit additional biometric and demographic information, or update the information in the future. [20] 1058/13797/48987
Historically, the number has been composed of the date of birth (DDMMYY), a three digit individual number, and two check digits. The individual number and the check digits are collectively known as the Personal Number. The individual number has been selected from a range depending on century of birth: for the years 1854–1899 the range is 500 ...