-The Times of India
Unique identification authority said the Aadhaar cards issued by it are a valid residence proof for opening a bank account. "Aadhaar is a valid ‘Know Your Customer’ (KYC) document for opening a bank account," Unique Identification Development Authority of India (UIDAI) chairman Nandan Nilekani said.
"Aadhaar letter has two parts – identity and address. If the address which a person shows to the bank, is the same address as on the (Aadhaar) letter, then it is also a proof of residence." This comes at a time media reported that as per RBI notification Aadhaar is not a valid residence proof. However, the central bank reportedly accepted its validity as identity of a person.
Nilekani said, "In a few days, we will be starting online authentication of address and identity. If the address matches through online authentication, then it will be treated as current address".