This presentation discusses interfaces and interoperability issues betwween bank's IT systems and e-government systems. It also describes new inter-operability features mandated by financial inclusion and Aadhaar based payment systems
Payment and settlement systems in india vision - 2019-21Mukul Kumar
This PPT is intended to give a brief overview of the vision document titled “Payment and settlement systems in India: Vision – 2019-2021” published by RBI.
Payment and Settlement Systems Act, 2007 provides for the regulation and supervision of payment systems in India and designates the Reserve Bank of India (Reserve Bank) as the authority for that purpose and all related matters.
The PSS Act, 2007 received the assent of the President on 20th December 2007 and it came into force with effect from 12th August 2008.
The Act also provides the legal basis for “netting” and “settlement finality”.
According to a survey, the ratio of e-payments to paper based transactions has considerably increased between 2004 and 2008.
For quick service click: https://enterslice.com/payments-banks-license
GET FREE CONSULTANCY
Helpline: +91 9069142028
Email: info@enterslice.com
Website: www.enterslice.com
Modes of Cashless Transactions - Cash-less Indian EconomyRajan Chhangani
This presentations is all about the different modes of cashless transactions and a small step to promote digital India and digitization in India.
Sources:- NPCI
Axis Bank
SBI
RBI
What is Cashless Economy ? Advantages, Disadvantages, Different Cashless payment methods, internet banking, plastic money, e-wallet, Point of sale, how to secure your cashless payment, future of cashless payment.
Payment and settlement systems in india vision - 2019-21Mukul Kumar
This PPT is intended to give a brief overview of the vision document titled “Payment and settlement systems in India: Vision – 2019-2021” published by RBI.
Payment and Settlement Systems Act, 2007 provides for the regulation and supervision of payment systems in India and designates the Reserve Bank of India (Reserve Bank) as the authority for that purpose and all related matters.
The PSS Act, 2007 received the assent of the President on 20th December 2007 and it came into force with effect from 12th August 2008.
The Act also provides the legal basis for “netting” and “settlement finality”.
According to a survey, the ratio of e-payments to paper based transactions has considerably increased between 2004 and 2008.
For quick service click: https://enterslice.com/payments-banks-license
GET FREE CONSULTANCY
Helpline: +91 9069142028
Email: info@enterslice.com
Website: www.enterslice.com
Modes of Cashless Transactions - Cash-less Indian EconomyRajan Chhangani
This presentations is all about the different modes of cashless transactions and a small step to promote digital India and digitization in India.
Sources:- NPCI
Axis Bank
SBI
RBI
What is Cashless Economy ? Advantages, Disadvantages, Different Cashless payment methods, internet banking, plastic money, e-wallet, Point of sale, how to secure your cashless payment, future of cashless payment.
Prepaid Wallet License in India. Semi Closed Wallet, Closed Wallet Like Paytm etc. With Case studies.
For quick service click: https://enterslice.com/prepaid-wallet-license
GET FREE CONSULTANCY
Helpline: +91 9069142028
Email: info@enterslice.com
Website: www.enterslice.com
Cashless Economy and its Impact on Modern Society.Raghav kulkarni
The following Paper Illustrates the effects of Cashless Economy and how this payment methodology influenced modern day Society and How has Cashless economy influences a countries Growth.
Cashless Society (Cashless Economy, Online Transactions, is india moving towa...Jeet Amrutiya
Pros and cons of cashless society.........
India's current Position on cashless
Is india moving towards this or not.......
How demonetization affected ........
Demonetization effect on digital payments solutions in india by Balaji Prince Bala
The aim of the research is to identify the impact of demonetization in india on the digital payment platform.
This research helps to MBA students for their better understanding about the final year project format...i hope my research will help you.. thank you..
This presentation covers the Payments systems in India. It starts with Introduction and then cover paper payment systems like Cheque Truncation System (CTS), MICR, CTS 2010. In Electronic payment systems it covers RTGS, IFSC, UTR No, NEFT, IMPS & difference between them. It also covers the limitations of Indian Payment system. In last leg it covers in detail SWIFT in details with latest statistics
As ordinary Indians, what can we contribute to make our country more cash efficient? We need to understand the cashless ecosystem first. Here is an attempt to understand the cashless options and how to go cashless.
Presented by Rahul Kumar Jain, law student, Disha Law College, Raipur at IJSARD (International Journal of Socio-legal Analysis and Rural Development) International Virtual Conference 2017 On Law and Social Sciences.
Prepaid Wallet License in India. Semi Closed Wallet, Closed Wallet Like Paytm etc. With Case studies.
For quick service click: https://enterslice.com/prepaid-wallet-license
GET FREE CONSULTANCY
Helpline: +91 9069142028
Email: info@enterslice.com
Website: www.enterslice.com
Cashless Economy and its Impact on Modern Society.Raghav kulkarni
The following Paper Illustrates the effects of Cashless Economy and how this payment methodology influenced modern day Society and How has Cashless economy influences a countries Growth.
Cashless Society (Cashless Economy, Online Transactions, is india moving towa...Jeet Amrutiya
Pros and cons of cashless society.........
India's current Position on cashless
Is india moving towards this or not.......
How demonetization affected ........
Demonetization effect on digital payments solutions in india by Balaji Prince Bala
The aim of the research is to identify the impact of demonetization in india on the digital payment platform.
This research helps to MBA students for their better understanding about the final year project format...i hope my research will help you.. thank you..
This presentation covers the Payments systems in India. It starts with Introduction and then cover paper payment systems like Cheque Truncation System (CTS), MICR, CTS 2010. In Electronic payment systems it covers RTGS, IFSC, UTR No, NEFT, IMPS & difference between them. It also covers the limitations of Indian Payment system. In last leg it covers in detail SWIFT in details with latest statistics
As ordinary Indians, what can we contribute to make our country more cash efficient? We need to understand the cashless ecosystem first. Here is an attempt to understand the cashless options and how to go cashless.
Presented by Rahul Kumar Jain, law student, Disha Law College, Raipur at IJSARD (International Journal of Socio-legal Analysis and Rural Development) International Virtual Conference 2017 On Law and Social Sciences.
Digital payment systems are the backbone of digital commerce. Indian government along with the corporate community is making a significant push to build infrastructure for digital payments along with encouraging the citizens towards a cashless economy.
Case Study On The Growing Saga of E - Payment SystemVARUN KESAVAN
Every country has a financial system of its own that serves as backbone of its entire development. A financial system is a set of institutional arrangements through which financial surplus in the economy is mobilized from surplus units and transferred to deficit spenders. The financial system of any country consists of banking and non banking financial institutes, these institutes are providing various types of financial services to the customers. In the financial services, financial clearing and fund transfer service is most important service than other services. Payment systems improve financial intelligibility, stimulating business growth and consumption .The success of the banking system has depends upon the efficient and quality of clearing system of the industry. If we overlook the worldwide this system has changing drastically with technological advancements. Last few years evident that, Information and Communication Technology (ICT) have become a mean for improvement of financial system worldwide. In India, most of banks and financial institutions are offering ICT based financial products and services to improve their business efficiency and speed of services e.g. called e - banking, internet banking, electronic fund transfer, electronic clearing, mobile banking etc.
Payments Market in India, Mobile Wallet, Mobile Payments , Evolving Payments Ecosystem, Payments Industry , Payments Bank , Payment Gateways , Mobile Market, Payment Methods
This Presentation will let you know about the main Digital/Cashleaa payment Systems in India, This Presentation will Also Guide you towards new Payment Systems Launched Like UPI, USSD, AEPS etc. many Other Payment Systems.
Digital payment systems market research report | Report SellersResearch Report
Indian payments industry is largely dominated by cash-based transactions. The banking industry in the country was majorly branch-based till 2014. Later, there was a considerable growth in the branch-less channels of banking, which has further explored into digital payments in both rural and urban regions. Indian digital payments industry is expected to reach $700 billion by 2022 in terms of value of transactions.
For more details, please visit: https://www.reportsellers.com/market-research-report/Digital-Payment-Systems-Market
As Fintech companies have flooded the scene and disrupted the financial industry, traditional banks have had to innovate in order to stay ahead of the pack. We bring to you the latest terms and innovations of the Banking Sector, through this presentation. Hope you find it useful.
Organizing stakeholders and working with mobile network operatorsMahesh Amarasiri
Organising stakeholders and working with mobile network operators
This was presented at Central Banking Publications training course,Effective Oversight of Mobile Payments
3, 4 & 5 December 2013
Kuala Lumpur
This session focuses on the building blocks that are critical for central banks to bring their oversight plans into effect. The speaker will discuss the fundamental components of the oversight programme, identifying what needs to be produced and when. The question of what resources need to be allocated to generate the desired output and outcomes will also be considered. Two oversight methods will be discussed, one dealing with continuous monitoring and evaluation of the payment system; and a change-driven approach that considers risk analysis triggered by the occurrence of various events.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
4. What Is eGovernment?
• eGovernment refers to the use by government agencies of
Information Technologies that have the ability to transform
relations with citizens, businesses, and other arms of
Government. ( World Bank)
• These technologies can serve a variety of different ends:
– Better Service delivery to Citizens
– Empowerment of Citizens through access to Information
– More efficient Government management (NISG)
EXAMPLES?
• eGovernment refers to the use by government agencies of
Information Technologies that have the ability to transform
relations with citizens, businesses, and other arms of
Government. ( World Bank)
• These technologies can serve a variety of different ends:
– Better Service delivery to Citizens
– Empowerment of Citizens through access to Information
– More efficient Government management (NISG)
EXAMPLES?
4
5. Level 1 Interfaces: Payment Purpose
Citizens and Businesses
• Citizens
– Payments of Bills and Taxes
– Payments for Services
– PPF
– Pension Schemes
• Businesses
– Payments of Bills and Taxes
– Payments for Services
– License Fees
– Tender Fees and Security Deposits
– Receipts and TDS
• Citizens
– Payments of Bills and Taxes
– Payments for Services
– PPF
– Pension Schemes
• Businesses
– Payments of Bills and Taxes
– Payments for Services
– License Fees
– Tender Fees and Security Deposits
– Receipts and TDS 5
6. Level 1 Interfaces: Payment Modes
Citizens and Businesses
• Citizens & Businesses
Bank’s Drop Boxes
At Bank Branches
ECS
Franking Machines and e-Stamps
ATMs
Cash and Cheque Deposit Kiosks
Payment Gateways
Net Banking
NEFT
• Businesses
RTGS
• Citizens & Businesses
Bank’s Drop Boxes
At Bank Branches
ECS
Franking Machines and e-Stamps
ATMs
Cash and Cheque Deposit Kiosks
Payment Gateways
Net Banking
NEFT
• Businesses
RTGS 6
7. Level 1 Interfaces: Payment Modes
Citizens and Businesses
Sr No. Payment Mode System Interfaces
1 Bank’s Drop Boxes ?
2 At Bank Branches
3 ECS
4 Franking Machines and e-Stamps
7
4 Franking Machines and e-Stamps
5 ATMs
6 Cash and Cheque Deposit Kiosks
7 Payment Gateways
8 Net Banking
9 NEFT
10 RTGS
9. Level 2 Interfaces:
Regulatory IDs
• PAN
• TAN
• DIN
• Sales Tax Registration no
• Service Tax Reg no.
• VAT Reg no.
• Property no.
• Company / Document Registration No
Plethora of Regulators Leading to
MuItiple IDs for each citizen / Business
• PAN
• TAN
• DIN
• Sales Tax Registration no
• Service Tax Reg no.
• VAT Reg no.
• Property no.
• Company / Document Registration No
Plethora of Regulators Leading to
MuItiple IDs for each citizen / Business
9
10. e-government Service Delivery
• Physical Infrastructure Vision: National Service Delivery
Gateway
• Legal Infrastructure: Electronic Service Delivery Act
•16 May 2013 10
• Physical Infrastructure Vision: National Service Delivery
Gateway
• Legal Infrastructure: Electronic Service Delivery Act
11. Level 2 Interfaces:
Integration & Interoperability
• Citizen / Business
• KYC = Ravana’s Soul
• Two Emerging Identities:
– PAN
– Aadhaar
• Citizen / Business
• KYC = Ravana’s Soul
• Two Emerging Identities:
– PAN
– Aadhaar
11
12. Level 3 Interfaces:
Financial Inclusion
• What is the Origin of the Term ‘Financial Inclusion’?
• Key Objectives:
– Extending formal banking system among less privileged in
urban & rural India.
– Weaning them away from unorganized money markets and
moneylenders.
– Equipping them with the confidence to make informed financial
decisions.
• What is the Origin of the Term ‘Financial Inclusion’?
• Key Objectives:
– Extending formal banking system among less privileged in
urban & rural India.
– Weaning them away from unorganized money markets and
moneylenders.
– Equipping them with the confidence to make informed financial
decisions.
12
13. Level 3 Interfaces:
Financial Inclusion
• Financial Inclusion: Some Facts
• Access to Banking
– RBI – 40%
– Census 2011 – 58.7%
• No. of Standard Bank Accounts – 5.4 Cr
• No of Credit cards – 1.9 Cr.
• BPL Population – 29.8% (~30Cr)
• Financial Inclusion: Some Facts
• Access to Banking
– RBI – 40%
– Census 2011 – 58.7%
• No. of Standard Bank Accounts – 5.4 Cr
• No of Credit cards – 1.9 Cr.
• BPL Population – 29.8% (~30Cr)
13
14. Level 3 Interfaces:
Financial Inclusion
• What is Financial Inclusion?
• RBI Definition:
– Financial Inclusion is the process
of ensuring access to appropriate financial products and
services
(which are) needed by all sections of the society in general and
vulnerable groups such as weaker sections and low income
groups in particular
at an affordable cost (&) in a fair and transparent manner
by mainstream institutional players
• What is Financial Inclusion?
• RBI Definition:
– Financial Inclusion is the process
of ensuring access to appropriate financial products and
services
(which are) needed by all sections of the society in general and
vulnerable groups such as weaker sections and low income
groups in particular
at an affordable cost (&) in a fair and transparent manner
by mainstream institutional players
14
15. Level 3 Interfaces:
Financial Inclusion
• Implementation Process
– New Financial Product – ‘No Frills Account’
– New Payment Process – Formation of NPCI
– New KYC Process – Aadhaar
– New Funds Delivery system – Electronic benefits Transfers
– New Approach for Banking System Expansion
– New approach to Build Financial Literacy – Formation of
Financial Stability Development council (FSDC)
• Implementation Process
– New Financial Product – ‘No Frills Account’
– New Payment Process – Formation of NPCI
– New KYC Process – Aadhaar
– New Funds Delivery system – Electronic benefits Transfers
– New Approach for Banking System Expansion
– New approach to Build Financial Literacy – Formation of
Financial Stability Development council (FSDC)
15
16. Financial Inclusion Process:
1. No Frills Account
Eligibility criteria and
operating instructions
This account is offered to those individuals who are
deprived of basic banking services, belong to lower
income group and towards promoting Financial
Inclusion initiative.
The total balance in the account should not exceed
Rs. 50,000/- at any given point of time.
The sum total of credits in the account shall not
exceed Rs. 1 lakh in a year.
This account is offered to those individuals who are
deprived of basic banking services, belong to lower
income group and towards promoting Financial
Inclusion initiative.
The total balance in the account should not exceed
Rs. 50,000/- at any given point of time.
The sum total of credits in the account shall not
exceed Rs. 1 lakh in a year.
Service Delivery At all Bank Branches.
Initial deposit amount Rs. 100/-
Average Monthly Balance
(AMB)
Rs. 100/-
ATM-cum-debit card Issuance charges waived however available subject
to annual charges
16
17. Financial Inclusion Process:
1. No Frills Account Thru BC
Service Delivery At designated Customer Service Points (CSPs)
through Business Correspondent using Micro
ATMs.
Physical Statement Mini statement available through POT(Micro-
ATM). Optional half yearly statement provided
on request by BC.
Cash deposit charges Nil
Account opening charges NilAccount opening charges Nil
Smart card e-passbook Rs. 100/-
Average Monthly Balance (AMB) Nil
Cash withdrawal charges Rs. 3/- per transaction
17
18. Financial Inclusion Process:
1. No Frills Account 31/03/13
• No. of Standard Bank Accounts – 5.4 Cr
• No. of No Frills Accounts - 17.14 Cr
• No of Credit cards – 1.9 Cr.
• No. of Kisan credit cards - 3.17 Cr
• No. of BCs - 1,52,328
• No. of Standard Bank Accounts – 5.4 Cr
• No. of No Frills Accounts - 17.14 Cr
• No of Credit cards – 1.9 Cr.
• No. of Kisan credit cards - 3.17 Cr
• No. of BCs - 1,52,328
18
19. Financial Inclusion Process:
2. New Payment Process: AEPS
• The four Aadhaar enabled basic types of banking transactions:
– Balance Enquiry
– Cash Withdrawal
– Cash Deposit
– Aadhaar to Aadhaar Funds Transfer
• The only inputs required for a customer to do a transaction under
this scenario are:-
– IIN (Identifying the Bank to which the customer is associated)
– Aadhaar Number
– Fingerprint captured during their enrolment
• The four Aadhaar enabled basic types of banking transactions:
– Balance Enquiry
– Cash Withdrawal
– Cash Deposit
– Aadhaar to Aadhaar Funds Transfer
• The only inputs required for a customer to do a transaction under
this scenario are:-
– IIN (Identifying the Bank to which the customer is associated)
– Aadhaar Number
– Fingerprint captured during their enrolment
19
21. Financial Inclusion Process:
3. New KYC Process AADHAR
• The purpose of the UIDAI is to issue a unique
identification number (UID) to all Indian residents
that is
– Robust enough to eliminate duplicate and fake
identities.
– Can be verified and authenticated in an easy, cost
effective way
• The purpose of the UIDAI is to issue a unique
identification number (UID) to all Indian residents
that is
– Robust enough to eliminate duplicate and fake
identities.
– Can be verified and authenticated in an easy, cost
effective way
22. Financial Inclusion Process:
3. New KYC Process AADHAR
• Three Basic components of Aadhaar
– Demographic Data.
– Biometric Data
– De-Duplication
• Three Basic components of Aadhaar
– Demographic Data.
– Biometric Data
– De-Duplication
23. Financial Inclusion Process:
3. New KYC Process AADHAR
• 3 Generations of Identity authentication
• 1G
– In Person / Eyewitness
• 2G
– Variety of ID Documents
• 3G
– Aadhaar
• 3 Generations of Identity authentication
• 1G
– In Person / Eyewitness
• 2G
– Variety of ID Documents
• 3G
– Aadhaar
24. Financial Inclusion Process:
3. New KYC Process AADHAR
• 3G ID Features
– Virtual
– 24 X 7 availability
– Global Access
– Systemic Interoperability
– Single Version of Truth
• 3G ID Features
– Virtual
– 24 X 7 availability
– Global Access
– Systemic Interoperability
– Single Version of Truth
25. Financial Inclusion Process:
3. New KYC Process AADHAR
1. Aadhar is proof of identity, not of citizenship
2. To establish identity, authenticate online
3. Aadhaar is valid throughout the country
1. Aadhar is proof of identity, not of citizenship
2. To establish identity, authenticate online
3. Aadhaar is valid throughout the country
26. Financial Inclusion Process:
4. Electronics Benefits Transfer
• GoI launched the Scheme in 51 districts on 1st Jan,2013
• Est volume of Funds Transfer thru MGNREGA – Rs.3L Cr.
• Est. Volume in next 2 Years: Rs. 5L Cr.
• NFS Usage Data
• GoI launched the Scheme in 51 districts on 1st Jan,2013
• Est volume of Funds Transfer thru MGNREGA – Rs.3L Cr.
• Est. Volume in next 2 Years: Rs. 5L Cr.
• NFS Usage Data
Month/Y
ear
No. Of
participants
No. Of ATM
No. of
balance
enquiry
No. of Cash
withdrawal
Pin Change
Mini
Statement
Total
Volume
Apr-13 143 111,493 37,257,214 138,220,349 216,506 4,250,210 179,944,279
Apr-12 93 98,025 40,977,284 125,408,277 132,495 2,746,105 169,264,161
27. Financial Inclusion Process:
5. New Approach for Banking Expansion
• 40% lending MUST be to
• Small Farmers
• Students
• Low Cost Home loans
• All villages with population above 2000 population
connected on Broadband
• All Villages below 2000 population to be connected in
this 5yr Plan.
• Increased Reliance on ICT
• Percentage of ICT accounts has increased from 25% to 45%
• 40% lending MUST be to
• Small Farmers
• Students
• Low Cost Home loans
• All villages with population above 2000 population
connected on Broadband
• All Villages below 2000 population to be connected in
this 5yr Plan.
• Increased Reliance on ICT
• Percentage of ICT accounts has increased from 25% to 45%
28. Financial Inclusion Process:
6. New Approach for Financial Literacy
• A technical group on Financial Inclusion and Financial Literacy under
FSDC – Coordinating the efforts of all Financial Sector Regulators
• National strategy on Financial Education prepared
• Financial Literacy-To be included in School Curriculum at National
Level.
• 658 Financial Literacy Centers (FLCs) functioning as at the end of
December 2012
• 1.5 million people educated during the period April to December 2012
• A technical group on Financial Inclusion and Financial Literacy under
FSDC – Coordinating the efforts of all Financial Sector Regulators
• National strategy on Financial Education prepared
• Financial Literacy-To be included in School Curriculum at National
Level.
• 658 Financial Literacy Centers (FLCs) functioning as at the end of
December 2012
• 1.5 million people educated during the period April to December 2012