Telecom Reforms- Govt. Simplifies KYC processes

Telecom Reforms- Govt. Simplifies KYC processes

CS Lalit Rajput | Sep 25, 2021 |

Telecom Reforms- Govt. Simplifies KYC processes

Telecom Reforms- Govt. Simplifies KYC processes

Highlight:

  • As per the new orders, Aadhaar-based e-KYC process has been reintroduced for issuing new mobile connections.
  •  Telecom service providers will be charged Re 1 per customer authentication by the UIDAI.
  •  Customer consent has been made compulsory in case the Aadhaar is being used and demographic details are being obtained electronically from UIDAI.
  •  Telecon reforms include –Aadhaar based e-KYC; self-KYC and OTP (one-time password)-based conversion of mobile connection from Prepaid to Postpaid and vice-versa.

The Telecom Department on Tuesday issued a series of orders to simplify and digitse know your customer (KYC) process in the telecom sector for getting new mobile connection, conversion from prepaid to postpaid connection, among others.

Accordingly, following orders for immediate implementation have been issued by DoT to implement contactless, customer centric and secured KYC processes: –

Aadhaar based e-KYCAadhaar based e-KYC process has been re-introduced for issuing of new mobile connections. Telecom Service Providers will be charged Rs. 1/- per customer authentication by the UIDAI. This is a complete paperless and digital process wherein the demographic details along with picture of the customer is received online by the Telecom Service Providers (TSPs) from the UIDAI.
• Self-KYCIn this process, the issuing of mobile connection to the customers is done through an App/Portal based online process wherein a customer can apply for mobile connection sitting at home/office and gets the SIM delivered at his door step using documents electronically verified by UIDAI or DigiLocker.
• OTP based conversion of mobile connection from Prepaid to Postpaid and vice-versaThe implementation of OTP based conversion process enables a subscriber to convert his mobile connection from Prepaid to Postpaid and vice-versa sitting at home/office via OTP based authentication.

“This is a complete paperless and digital process wherein the demographic details along with picture of the customer is received online by the telecom service providers (TSPs) from the UIDAI”.

Source: Click Here

Disclaimer: Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event the author shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information.

StudyCafe Membership

Join StudyCafe Membership. For More details about Membership Click Join Membership Button
Join Membership

In case of any Doubt regarding Membership you can mail us at [email protected]

Join Studycafe's WhatsApp Group or Telegram Channel for Latest Updates on Government Job, Sarkari Naukri, Private Jobs, Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"




Author Bio
My Recent Articles
UAE Tax Reforms: 9% corporate tax to be implemented from June 1, 2023 Corporate Compliance Calendar for the Month of February 2022 SEBI Notifies Process for Change in AMC Control Requiring NCLT Sanction RBI Framework for Facilitating Small Value Digital Payments in Offline Mode SEBI Circular on Issuance of Securities in Dematerialized Form in Case of Investor Service RequestsView All Posts