Pb update cod 4 verification#
Pb update cod 4 code#
Pb update cod 4 Offline#

Pb update cod 4 verification#

Verification of identity through Aadhaar has helped curb these practices. Also, ghost and shell entities and companies used to be created for tax evasion, money laundering, terror financing, etc. Through use of Aadhaar and other process improvements, the Government has been able to weed out more than 6 crore fakes, duplicates and ghosts beneficiaries and save more than Rs. As of now 96 crore bank accounts out of total 110 crore accounts have been linked to Aadhaar.ДЄt the same time, you also contribute to serve the vital national interests by making the system rid of bogus, fakes and duplicates who could misuse IDs to evade taxes, siphon off public money, etc. Therefore, when all the bank accounts are verified with Aadhaar then it would not be possible for these unscrupulous elements to go untraced and banking as a whole would become more safe and secure as the identity of each bank account holders is established uniquely beyond doubt through eKYC. They operate bank accounts in fictitious names/companies and run shell companiesвЂ™ accounts to carry out money laundering or stash black money. Often the fraudsters carry out transactions and transfer money from someone elseвЂ™s account to their accounts and go untraced as they generally submit their fake identities to the bank while opening their accounts. when you link your bank account, demat account, mutual fund account, PAN, etc., with Aadhaar, you secure yourself because no one can impersonate you to avail these services.

However, for availing subsidies, benefits, services beneficiaries are required to undergo mandatory Aadhaar authentication. Mandatory Aadhaar authentication can be performed if the purpose is backed by law or it is in State interest.

Pb update cod 4 Offline#

A resident can voluntarily use his Aadhaar number in physical or electronic form by way of authentication or offline verification, or in such other form as may be specified by UIDAI. Further, under the Aadhaar Act, 2016 stringent penalties, including fines and imprisonment are provided whenever a person misuses your Aadhaar number or tries to cause any harm to you.ДЄs per the Supreme Court Judgement in the Aadhaar case (494 of 2012), residents are no longer required to mandatorily verify Bank account with Aadhaar. In fact, Aadhaar is more secure than many other identity documents, because unlike other IDs, Aadhaar is instantly verifiable through biometric and OTP authentication and QR code. But did they stop using these documents for the fear that somebody would use them to impersonate? No! They continue using them and if any fraud happens, the law enforcement agencies handle them as per law.

People have been freely giving other identity documents such as passport, voter ID, PAN card, ration card, driving license, etc. Hence, it is near impossible to impersonate you if you use Aadhaar to prove your identity.

Pb update cod 4 code#

Verification is done through fingerprint, iris scan, OTP authentication, and QR code etc. Also, as per the Aadhaar Act 2016, the Aadhaar card is required to be verified either by in physical or electronic formby way of authentication or offline verification, or in such other form as may be specified. Aadhaar identity, instead, is instantly verifiable and hence more trusted.

ItвЂ™s just like any other identity document such as passport, voter ID, PAN card, ration card, driving license, etc., that you have been using freely for decades with service providers. Just, by knowing your Aadhaar number, no one can harm you. Therefore, people should freely use and give Aadhaar to prove their identity as and when required under the provisions of the Aadhaar Act, 2016. There has not been a single instance of biometric data breach from Aadhaar database. UIDAI keeps upgrading and reviewing its security systems and safety mechanisms to make Aadhaar more secure and more useable. In the last eight years, so far more than 3,012.5 crore authentications (till 28th May 2019) have been successfully done. Notably, everyday more than 3 crore Authentications are carried out on the Aadhaar platform. No Aadhaar holder has suffered any financial or other loss or identity theft on account of any said misuse or attempted impersonation of Aadhaar. As in bank for withdrawing money, your signature, debit card, PIN, OTP, etc., is required, similarly for withdrawing money from your Aadhaar linked bank account through Aadhaar, your fingerprint, IRIS or OTP sent to your Aadhaar registered mobile will be required. Just like by merely knowing your bank account number, one cannot withdraw money from your account, similarly by merely knowing your Aadhaar number, no one can withdraw money from Aadhaar linked bank account.