What is Aadhaar and Why Do We need it?
Aadhaar is a 12 digit unique identity number issued to all Indian citizens by the Unique Identification Authority of India (UIDAI). This contains all your relevant information like biometric and demographic details.
In India, Aadhaar is considered to be one of the most important identity documents and can be used to open a bank account, FD investment, apply for a personal loan, or link with government documents, and more.
How Does Aadhaar Verification Work?
The Aadhaar Verification tool by Cashfree Payments lets you validate the user’s 12-digit Aadhaar number along with details like the
1. User’s Name
4. State, and the last three digits of their mobile number
And the best part?
All of this can be verified in seconds.
Why Do You Need Aadhaar Verification?
Aadhaar Verification helps businesses to verify the identity of the Aadhaar holder instantly anytime, anywhere.
Aadhaar-based authentication is used by several background verification companies and also by regulated entities with strong Know Your Customer or KYC norms like banks or telecommunications companies.
Businesses can use Aadhaar Verification for various purposes like Onboarding vendors and delivery partners or agents, onboarding employees, user onboarding etc.
There are several industries that can benefit from this feature like –
- Payments & fintech companies
- Lending platforms
- Insurance providers and NBFCs
- Trading and Investment platforms
- Staffing firms or HR companies
- Travel service providers
- Manufacturing companies
Are you a business interested in Aadhar Verification services? Sign up for Aadhaar Verification now!
Well, here are some more details that might interest you.
Join the wider ecosystem of Verification Suite by Cashfree Payments!
Bank Account Verification
Verify beneficiary accounts for 600+ banks including public, private, rural, and cooperative banks. Verify if a bank account exists, match the name provided by the beneficiary with the name at the bank and minimize the failed or transfer reversals. Also know the accurate reason for verification failure.
UPI ID Verification
Enter UPI ID or UPI VPA and know if it exists and is valid. You will receive a customer name at the bank in the response for valid UPIs.
Verify whether the IFSC is valid, the bank name and the bank branch that it belongs to. Know the transfer modes supported – NEFT, IMPS, RTGS and choose the payout method accordingly.
Verify if the PAN is valid, identify the registered name of the cardholder along with the nature of the cardholder. Do a single verification or a bulk verification of upto 10,000 PAN numbers instantly via API.
Sign up for the Verification Suite now !