Aadhaar based e-KYC transactions jumped 22% in Nov; Aadhaar authentication transactions grew 11%

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Aadhaar usage by residents is witnessing continued progress across the country. In November alone, 28.75 crore e-KYC transactions were executed using Aadhaar, a 22% Growth over the previous month.

By the end of November 2022, the cumulative number of e-KYC transactions has gone up-to 1350.24 crore. Aadhaar e-KYC service is increasingly playing a crucial role for Banking and non-banking financial Services by providing transparent and improved customer experience, and aiding .

An e-KYC transaction is executed, only after the explicit Consent of the Aadhaar holder, and eliminates physical paperwork, and in-person verification requirement for KYC.

Similarly in November, 195.39 crore

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Aadhaar authentication transactions were carried out, over 11% more than October. A majority of these monthly transactions were carried out by using fingerprint biometric authentication, followed by demographic and OTP authentication.

So far, cumulatively 8621.19 crore Aadhaar authentication transactions have been executed by the end of November 2022, indicative of how Aadhaar is increasingly playing a role in Governance“>Good Governance and aiding welfare delivery to residents.