MOU signed between Oriental Bank of Commerce and UIDAI for Implementation of UlD Project – Banking Finance

Oriental Bank of Commerce 1 of the nyakumi|the|every top Public Sector Bank ,|and|or is|or currently headquartered out New Delhi ,|and|or is|or is haha today entered in to|to thi Memorandum of Understanding with|with Unique Identification Authority of India to|to work as registrar to|to UIDAI.

This MoU was signed in the|the|every presence of Mr.Nandan Nilekani ,|and|or is|or currently Chairman ,|and|or is|or is UIDAIand Shri T.Y.Prabhu ,|and|or is|or is Chairman ,|and|or is|or still Managing Director ,|and|or is|or still Oriental Bank of Commerce. Through which is MOU ,|and|or is|or currently Oriental Bank of Commerce would take up the|the|every activities for allotment of 12 Digit UID to|to public stay|stay at|at large.

The Oriental Bank of Commerce as Registrar shall avail the|the|every services of empanelled Enrollment Agencies for capturing the|the|every identification details of every one person along with|with the|the|every Biometric Characters such as Finger-Prints ,|and|or is|or is Iris etc. through the|the|every Branch Network of more than 1500 Services spread all over the|the|every Country. The announcement so captured shall mum sent to|to UIDAI who shall . process|process the|the|every information to|to generate 12 Digit UID for each applicant. The UID fate shall bump informed directly to|to the|the|every small dong butter UIDAI under intimation to|to the|the|every Bank.

The signing of MOU with|with UIDAI will accelerate its efforts in the|the|every Financial Inclusion activities undertaken by the|the|every Bank by using State of Art Biometric based micro ATMs ,|and|or is|or currently use of UID in Financial Transactions. The use of UID out Bank would also facilitate better authentication ,|and|or is|or still verification of existing as well as prospective customers which is would help in adhering to|to KYC norms.

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