This notification from the Ministry of Finance authorizes HDB ...

HDB Financial Services permitted Aadhaar authentication for anti-money laundering, adhering to privacy laws.

Notifications     Money Laundering

September 27, 2024

This notification from the Ministry of Finance authorizes HDB Financial Services Limited, a reporting entity under the Prevention of Money-laundering Act, 2002, to perform Aadhaar authentication for the purposes of section 11A of the Act. The Central Government has granted this permission after being satisfied that HDB Financial Services Limited will comply with privacy and security standards under the Aadhaar Act, 2016. The decision was taken in consultation with the Unique Identification Authority of India and the Reserve Bank of India, the appropriate regulator, as it was deemed necessary and expedient.

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