InvestorQ : Can Aadhar be used to authenticate e-KYC on CDSL?
sanjana Tulsiani made post

Can Aadhar be used to authenticate e-KYC on CDSL?

Nikita Damle answered.
2 years ago

Yes, this is possible. Earlier this week, CDSL Ventures said it has received approval from UIDAI to carry out e-KYC authentication using Aadhaar number. The clearance has been obtained to act as a local Authentication User Agency (AUA) or e-KYC User Agency (KUA).

CDSL Ventures said it will enable intermediaries to offer seamless online account opening using online Aadhaar based e-KYC. CDSL Ventures is the wholly-owned subsidiary of Central Depository Services (India) Limited.

Earlier this year, markets regulator SEBI had listed eight entities, including CDSL Ventures, to undertake e-KYC Aadhaar authentication. SEBI registered intermediaries and mutual fund distributors, who want to undertake Aadhaar authentication services through KUAs, are required to enter into an agreement with KUA and get themselves registered with UIDAI as sub-KUAs.