Thursday, December 12, 2013

Banks Deliver a Punch to Aadhaar

........."While RBI has said that banks may issue cards without the Aadhaar feature, the POS machines and ATMs have to be mandatorily Aadhaar-enabled. Now, if banks don't issue credit or debit cards that are enabled for Aadhaar acceptance, why should we procure new types of ATMs and POS for a handful of customers who prefer biometric readers for transactions?" said a panel member. Banks rarely defy RBI instructions. But this time they plan to point out difficulties in implementing the directive......... 


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