
Telecom Department Initiates New Reforms With Simplifying KYC Process
NDTV
The Department of Telecommunications (DoT) on Tuesday started the implementation of new telecom reforms by simplifying the KYC process.
New Delhi: The Department of Telecommunications (DoT) on Tuesday started the implementation of new telecom reforms by simplifying the KYC (Know Your Customer) process. The Union Cabinet had last week approved a slew of measures for its cash-strapped telecom sector including a four-year moratorium on airwaves payments due to the government and 100% FDI through automatic route in the sector.
The department said, "Customer consent has been made compulsory in case the Aadhaar is being used and demographic details are being obtained electronically from UIDAI."
For contactless, customer centric and secured KYC process, the DoT said that it has implemented three fresh ways.
1) Aadhaar-based e-KYC: The process has been re-introduced for new mobile phone connections. Service providers will be charged Re 1 per customer authentication by the UIDAI for this paperless and digital process.
