New Delhi. To stop the increasing cases of online fraud in the country, the government is now considering taking some drastic steps. The government can further tighten the rules for issuing new SIM cards and opening bank accounts. The government intends to thoroughly investigate all the information related to the person taking a mobile SIM and opening a bank account, so that documents of any other person cannot be used for both these purposes.
CNBC Voice According to a report, it may be made mandatory for telecom operators and banks to do physical verification of customers. At present, whenever someone applies for opening a bank account and getting a SIM, it is verified by taking the details from Aadhaar through online e-KYC. At the same time, accounts of companies are also opened only through incorporation certificate.
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Frauds have increased
In the last few years, cases of fraud in banks have increased rapidly. Apart from this, by obtaining mobile SIM on fake documents, it is also being used in carrying out criminal activities. This is happening because of easy availability of SIM cards and opening of bank accounts. According to a report by the Reserve Bank of India (RBI), the amount involved in bank fraud cases in 2021-22 was Rs 41,000 crore.
What will happen now?
According to information received by CNBC Awaaz from sources, the government is now preparing to make changes in the process of issuing a new SIM card and opening a bank account. Now the government is considering tightening the KYC rules. Under this, the government can make physical verification of the customer mandatory. This means that the facility currently being provided to open a bank account and get a mobile SIM through Aadhaar verification may be stopped.
the meeting has taken place
The government may soon ask telecom operators and banks to implement new rules. The Home Ministry has also held a review meeting on this issue with the Finance and Telecom Ministries. There is news that the roadmap for this decision will be discussed in the meeting.
Tags: Bank account, Online business, Personal finance, Sim Card Racket, Bank
FIRST PUBLISHED : October 31, 2022, 1:40 PM IST