In every country, Government uses some identification system
to effectively register its people. Like other, Government of India is also
doing the same thing using its Aadhar enrollment system and it gives very high
importance to this process. The whole process is done by a Government based
entity called UIDAI (Unique Identification Authority of India).
In India, Government uses 12 digit unique to register its
people. This Aadhar number works as a basic point of interaction in all over
the country. This is used to verify the details of the applicant. In schools,
universities, employment and in financial transactions, Aadhar is the way to
go.
In a recent verdict from Supreme Court, it has upheld the
constitutional validity of Aadhar by invalidating certain provisions of the
Aadhar Act. The main objective of doing so is to keep privacy of the people. In
past, there have been reports of stealing of people's private information for
fraudulent activities. As a result, the
matter was brought into the notice of Supreme Court.
E-commerce companies, mobile companies and e-wallets were
found to be selling the people's private information to advertising companies
in order to deliver targeted ads. Targeted ads work greatly in making a high
conversion rate towards sale. In this regard, Supreme Court banned Aadhar Card for linking with private services.
So, it is totally illegal for a private entity to ask Aadhar for conducting the
transaction.
In a nutshell, after Supreme
Court banned Aadhar card, linking of Aadhar is not mandatory for following
services:
·
Insurance policies
·
Bank accounts
·
Employee pension
·
Mutual fund investments
·
Credit Cards
·
Re-verification of mobile number
·
KisanVikasPatra - whether old or new
·
NSC accounts - whether old or new
·
PPF accounts - whether old or new
Train, Rail, Movie Tickets - Often people get confused
whether they should give the private firms who are in the business of selling
movie tickets, railway and train tickets. The answer is no, these private firms
cannot force you to disclose your Aadhar with them. Supreme Court banned Aadhar card for all sort of private firms that
are not connected with Government agencies in any way. However, you cannot mix
this with banks asking for opening PAN (Permanent bank account). You have to
provide your Aadhar card to these banks though they are privately owned.
The Supreme Court verdict is a great shock to the private
firms that uses aadhar card download based e-KYC (know your customer) to find new customer.
Now, these private firms will have to find out new methods to search for new
customers instead of capitalizing on people's private information. So, we can
say Supreme Court banned Aadhar Card
is definitely stop the spy on people's private information and will increase
the data integrity of the people.
On the other hand, it will also increase the cost of
acquiring new customers. We are sure, this this cost will be passed on to the
final customers. So, a little rise in the prices of these services will be seen
in few months ahead.
