The Unique Identification Authority of India (UIDAI) and Bank of Baroda (BoB) have signed an agreement to enhance electronic Know Your Customer (e-KYC) services. The agreement, which was signed on Thursday, February 20, 2025, aims to make the e-KYC process more efficient, secure, and user-friendly for customers.
Agreement Signed in Presence of Senior Officials
The signing event was attended by senior officials from both organizations. Manish Bhardwaj, Deputy Director General of UIDAI, and Prabhat K Sharma, Chief General Manager of Bank of Baroda, were present as representatives. The partnership reflects a joint commitment to improving digital verification and authentication processes in banking.
What This Means for Customers
With this agreement, Bank of Baroda customers will benefit from a more seamless e-KYC process. The initiative will help in faster identity verification using Aadhaar-based authentication, reducing paperwork and making banking services more accessible. This move is expected to improve security, minimize fraud, and enhance the overall banking experience.
UIDAI’s Role in Strengthening e-KYC
UIDAI, which manages India’s Aadhaar system, plays a key role in providing digital identity solutions. By partnering with banks like BoB, UIDAI ensures that e-KYC services remain robust, secure, and easily accessible for millions of customers across India.
This partnership is a step towards a more efficient and customer-friendly banking system, making digital banking smoother for users.
