Urgent! Delink Your Aadhaar from Bank Account and Never Share It with Anyone

Senior bank officials have warned that many cases are coming to light every day where bank customers are being cheated when they share the Aadhaar number associated with their bank account. The fraudulent customers are also using the Integrated Payment Interface (UPI) to withdraw money from the accounts of the customers. This is because the 'pay to base' (number) is an additional functionality in the UPI and also allows withdrawals from this route. It only underlines the need to immediately link people to the Aadhaar number from bank accounts - especially those who are low tech or financial literate.

In fact, this warning does not come from anyone except All India Bank Officers Confederations (AIBOC) Secretary General Thomas Thomas Franco, who is the largest bank officer in India. Franco told this story to betray the helpless people in a new bank, Whatsapp Group, in a new way. "On December 21, Dr. Lal Mohan was asked to call his base number as a manager of State Bank of India (SBI) within a few minutes, within his account Rs.5,000 and Rs20, 000 was debited online. " Immediately called Customer Care and got your account blocked.

However, further withdrawal happened through the UPI and the remaining balance in the account is Rs. 200 disappeared except 200 He did not share his password. The bank says that there was a hold. Their account but these clearances were still online. The grounds seems to be criminal. "

He tells another example: "A similar friend of mine had also received a similar call, but he refused to share his Aadhaar number. A third of my friend, a woman, says that she had received a similar phone saying that her credit card has expired and the person calling her wants to make her statement re-activated on her card. He refused to share any details on the phone. Therefore, we need to alert everyone about such fraud. Apart from this, we should immediately ask the bank to delete the linked account. "Franco says do not share your base number, password or any banking details with anyone on the phone."

In March 2017, a bug of about 25 crore rupees was spent on a bug in UPI. The Pune-based bank had reported to be a UPI solution (a city-based Infrasofttech) from a vendor, in which there was a bug, resulting in the funds coming out of accounts without accounts, which did not have the necessary funds

Moneylif was the first to raise this issue in September 2014. It was followed by a meeting with the Prime Minister's Office (PMO) and after registering a complaint on their portal. However, the PMO portal closed the complaint in October 2017, citing insufficient information.

Millions of people linked their bank accounts from their Aadhaar numbers to the banks under threat that their account and banking services would be frozen. After the Supreme Court's decision on this issue, it has not been compulsory.

Prior to this, in July 2018, the National Payments Corp of India (NPCI), which developed and promoted UPI and Bharat Interface for Money Application (BHIM), provided support from banks through UPI and Instant Data Systems (IMPS) channels Had asked to stop the-based payments. Payment from the base is an additional functionality in UPI and IMPS, where the payer can transfer the money to the beneficiary using the base number.

"The base number is a sensitive information and the revised outline is still evolving about its use in the payment scenario. With this background, we remove 'functionality from the premise' in both UPI and IMPS before the Steering Committee July 2018). The proposal to remove the functionality of the Aadhaar number was approved by the Steering Committee, "NPCI issued an update on 17 July 2018 Said in the statement.

After the circular of NPCI, SBI removed payment to base functionality from its BHIM SBI Pay App, citing regulatory guidelines

In September this year, the Supreme Court declared Section 57 of the Aadhar Act as unconstitutional. This means that bank account holders, e-wallet or mobile wallet users and mobile customers no longer need to use their base number.

After the decision, the DoT instructed all unified license holders to issue new SIM before 5 November 2018 and stop the use of eKYC for re-verification of existing customers on October 26.

"... For the validation of telecom subscribers, the use of authentication is not permitted for EKYC. For issuing of new mobile connections, in the pursuance of Supreme Court's decision, all licensors should stop the use of specific identification base for the use of eKYC service. For the validity of Indian Authority (UIDAI) for verification as well as new mobile connections, all telecom service providers (TSP) Lists will ensure its implementation in the manner of the country and compliance in this regard will be submitted by November 5, 2018, "DoT said in a circular.

After the decision of the apex court, the All India Bank Employees Union (AIBEA) demanded that banks should stop issuing Aadhaar numbers as it was not banking activity. In a statement in September 2018, AIBEA General Secretary CH Venkatachalam said, "As a result of compulsory linking, many frauds have been done by third party agents who canvas for loans. Many loan accounts were created along with the credit processing agents of banks to fulfill their goals. "

He said that the designated bank branches are issuing the basis, which should be stopped because it was not connected to the banking activity.

In fact, before the Supreme Court decision, bankers were found to be targeted by UIDAI for base enrollment. Banks were given the target of registering 16 nominations in 10% of the branches daily. From 1 July 2018, it has been reduced to eight days, a report by the Press Trust of India (PTI) says with reference to a circular issued by the UIDAI. It also said that the banks, which had achieved new targets for July, would not have to face the 'fiscal disinvestment' till that month.

In the Supreme Court, one of the petitioners in the Aadhaar case, UIDAI found that targeting of UIDAI by a UIDAI would be of great benefit if a specialist of outstanding standard design is not destructive. "If they are nominated 121 million, then who are they enrolling? They do not trust the bank account opened during the last 70 years, but now they want to generate new data and benami accounts in the same banker process. .? " ) The drive for enrollment is enough to say that either the nominated number of 121 million people is questionable or the data of those 'data' is questionable. All the evidence points out that most of the above is the answer to the above, "he said.

However, the Reserve Bank of India (RBI) was encroaching the banking regulator, UMAI, its regulatory authority.

Last year, Manilife published an article which stated that due to the gazette notification issued by the Finance Ministry, there is a compulsion to link the base to the bank account and the RBI has no role in it. Our article was based on the answer received from RBI, under the Right to Information (RTI) Act.

After the story was published, the RBI came out with 'clarification' on the weekend that banks should follow the Prevention of Money Laundering Act (PMLA) rules, which have legal strength. Whether it is linking the base with bank accounts or mobile numbers, the strange part is that the central government is issuing direct orders by the side lining sector regulator under any one excuse. The government is also ignoring the orders issued by the Supreme Court to stop the use of the base, which is purely on voluntary basis.

While RBI was quick to come forward with the Finance Ministry to issue the order of the SC in issuing the master guidelines for the basis, he has not issued any notification in this regard nor did the bank account holders Have asked to link.

Earlier on April 20, 2018, the central bank had clearly stated issuing the Master's instructions on the No-Your-Customer (KYC) norms, "Modified Master Direction is in accordance with the changes made to PML rules, Gazette Notification GSR 538 ( E) dated 1 June 201 1 and thereafter Justice KS Puthaswamy (retired) and Food V. In the case of Union of India, WP (Civil) 494/2012, the Hon'ble Supreme Court is under the final decision. Etc. (base case) "

Even though the Supreme Court has given the contract an invalid contract with bank accounts or mobile number, the banking regulator has not yet issued notification for it. It is time to de-link the Aadhaar number for the bank account holders, if they are linked to their accounts, the number associated with their bank account and any details are not shared with anyone, especially the phone or email On.

Urgent! Delink Your Aadhaar from Bank Account and Never Share It with Anyone