If you've been waiting to complete the Know Your Customer (KYC) process for mobile wallets like me, the Reserve Bank of India (RBI) offers good news for both customers and businesses. The good news is that the central bank of India, the Reserve Bank of India, has formally recognised the DigiLocker platform and its digital papers, giving the government of India's cloud-based platform for issuing and digitally verifying documents & certificates a boost. So, if you are wondering is Digilocker documents valid or not, it certainly is.
Are Digilocker documents valid in banks?
Financial organisations increasingly accept digital papers instead of hard copies, saving you the trouble of taking them around and having them vetted or attested. This makes it easier to open a bank account or a loan account. According to the most recent master circular on KYC (Know Your Customer) from the banking regulation, financial institutions will henceforth accept e-documents issued by the issuing authority to a customer's digital locker account for use in the KYC procedure.
Are documents from Digilocker valid?
Under the Digital India agenda, the Ministry of Electronics & IT (MeitY) has launched the flagship initiative DigiLocker. By giving citizens access to real digital papers in their digital document wallet, DigiLocker intends to "Digitally Empower" them.
According to Rule 9A of the Information Technology (Preservation and Retention of Information by Intermediaries providing Digital Locker facilities) Rules, 2016, which were notified on February 8, 2017, via G.S.R. 711(E), issued documents stored in the DigiLocker system are regarded as being on par with original physical documents. So, now you know Digilocker documents are valid or not.
DigiLocker offers a variety of advantages to citizens, including
Access to crucial documents whenever and wherever they are needed,
Genuine documents that are legally equivalent to originals,
The exchange of digital documents with the citizen's consent,
And quicker service delivery when applying for government benefits, jobs, financial inclusion, education, and health care, among other things.
Currently, 3.73 billion legitimate documents have been issued by DigiLocker, with 33.99 million registered users. Issued documents are electronic documents that have been released by various governmental organisations directly from the original data source. Now you know is Digilocker documents valid or not.
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Are Digilocker Documents Valid in Banks?
Nayan
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2023-07-14T20:07:59+00:00 2023-07-14T20:13:33+00:00Comment
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