Banks should use biometric device, UID database to verify account holders identity

...True, banks are only complying with the RBI's diktat to periodically update customer identification data: once in five years for low-risk category customers and not less than once in two years for high- and medium-risk category customers. Ordinary citizens are hamstrung. There is no reason why a salaried employee whose tax is deducted at source should provide her identity proof afresh............

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