Aadhar: ‘Mera Aadhar Meri Pehchaan’

With central government making Aadhar card mandatory for all government and non-government purposes, it has become the unique identification for all Indian citizens. From Identity of common man to unique identification code of all the citizens, Aadhar card has been mandatory for every Indian.

It is unique identification code that carried 12-digit identification number provided by Unique Identification Authority of India as a representative of Indian government. This number acts as evidence of address and identity of people across all parts of India.

India’s largest identification platform has many uses like mobile phone connections, cooking gas connections and banking services. It has many benefits like:

1. Aadhar based direct transfer of benefit: Transfer of LPG subsidy is done only when Aadhar card number is provided to the authority and this amount is directly transferred to the bank account of the customer. Just link the bank account to LPG number and avail direct transfer of the subsidy.

2. Jan Dhan Yojana: The scheme Pradhan Matri Jan Dhan Yojana accepts Aadhar card number as the only document sufficient to open the bank account. One can avail benefits like RuPay card, free zero balance savings account, life and accident insurance etc.

3. Passport in 10 days: If one has Aadhar card, he/she can get passport within just 10 days. Here police verification will be done at the later date as against the previous rule that had police verification done before, thus consuming lot of time. As per new rule if one wants passport, Aadhar number is mandatory.

4. Digital locker: Digital locker system, launched by Government of India that stores all personal documents on government server requires the person to link his/her Aadhar card number.

5. Voter card linking: Aadhar card is linked to voter ID to eliminate bogus voters. Once the Aadhar card number is linked, it would be impossible for an multiple voter ID card holder to make its illegal use, as registration requires voter ID card holder to be physically present and produce Aadhar card to booth officer for linking.

6. Monthly pension: All the pensioners from select states will now have to register their Aadhar card number to their respective department for receiving monthly pension. With this move fraudulent incidents in which fake beneficiaries requesting pension will be done away with.

7. Provident fund: Same as pension, provident fund money will be given to account holder who have registered their Aadhar card number with employee provident fund organization (EPFO)

8. For opening new Bank account: Aadhar letter provided by UIDAI is now acceptable by banks as a valid proof to open new bank account and it serves as address proof and there is no need to produce bunch of documents to banks for opening the account.

9. Digital life certificate: Digital life certificate launched by Department of Electronics and IT by name =- “ Jeevan Praman for Pensioners”; which will end the process where in the pensioner has to be physically present at Pension Agency to avail pension as all the details can be accessed by the agency digitally.

10. SEBI: Securities and Exchange Board of India, now accepts Aadhar card as proof of address for investing in stock market.

It is well known fact that Aadhar card is major step taken to transform India into a digital society. It has changed the way how government services are delivered and will change the way how services of the government are delivered and will prove to be bridge between government and the citizens.

Today it is not only used as identification proof of the citizen of India but also an vital document used by the citizens for various purposes like availing benefits of government services and other vital things.

Aadhar card marks a fundamental shift in citizen state relations from “We the people” to “We the government”. It has immense potential for profiling and surveillance. The card can stimulate development through entrepreneurial activity. It can also help to ensure that the money goes to the people it is meant for. It also empowers women to have direct access to the money they earn. Last but not the least UID could help build compatible health information system and establish nationwide surveillance and diagnosis facilities for service and research on infectious diseases.

The Importance of Aadhar Card for NRI 2017 and How to Enroll

Aadhar card is great facility from Central Government of India to issue Aadhar card to the NRI. This Unique identification card or UID has being developed for each resident of the country and has several benefits behind it for the citizens.

The main reason for owning this card for Indians is that it is accepted as identity proof for all legal, government and non government purposes. This data has all the information including biometric, demographic and other relevant information making it easy for recognizing the person.

Aadhar is available for free of cost to all citizen and residents of India, including NRIs and foreign nationals. While applying for this card NRI has to be physically present at any of Aadhar centre in India. There is no age limit for enrollment of Aadhar card and child of age less than 3 years need for give biometric information and in this case Aadhar card will be related to parents or guardians of that child. However child needs to give biometric when he is of 5 years of age. And if a child has enrolled between the ages of 5 yrs to 15 yrs, he has to give her bio metrics information again on attaining 15 years of age.

The main advantage of keeping this card is to prove identity of the person and such information of NRIs will make the database of unique identification authority of India more precise.

NRI also can apply for Aadhar card and he can apply by following procedures as:

• NRI must prove the basic NRI identity such as Green Card of USA or the any such document pertaining to the country where the individual is currently put up along with the proof from the establishment in which they are employed for establishing the genuineness of the NRI staying in particular country.
• Submit all the documents relevant like birth certificate, school certificate, photo identity etc. These documents are checked by the officials. Other documents such as their stay and service in the foreign country are needed to be produced in case of inquiry and these documents are mandatory for all NRIs.
• Scan the finger tip biometrically by visiting the Aadhar card enrolment centre personally. This is done by a responsible official at the centre who will scan all the ten fingers of the NRI and this is vital aspect to make perfect identity.  This data will be stored in government database of the citizen.
• Scan the iris biometrically at the enrollment centre. These scans will make the candidate’s identity unique among large population of India.
• Lastly photograph will be taken by web cam and added to overall Aadhar card documents and after this step candidate’s official document will be completed.

After finishing all the steps the Aadhar card will be posted at the residential postal Address within 3 months.
Importance of Aadhar Card for NRI in India:

Help for Family:

Aadhar card will help the family of NRI to experience smoother infrastructure to complete several government related  work

Strengthen ties

Aids in strengthening ties of Nation to its own citizen living abroad

Avail benefits of government services

It enables the NRI to avail benefits of various government services easily
Proof

Aadhar card is a valid proof for identification of NRIs in India

Benefits
Its number can be linked to services like banking, mobile phone connections and other Govt and Non Govt services. It is very convenient to use as it can be verified online

Speedy government work

With Aadhar card NRIs can process number of government work faster and easier.

Simple investment benefits with opening your demat account

Dematerialized account (Demat) account is the account opened by the investor while registering with an investment broker or the sub broker. In simple words just as you deposit your money in your bank same why demat is to your shares. It is an account that holds all your shares in electronic or dematerialized form.

Just as bank account holds certificates of your financial instruments like shares, bonds, mutual funds, government securities and exchange traded funds and one cannot trade in stock market without the demat account.

How this account works:

1. Central depository: There are two depositories in India – CDSL and NSDL and both of them hold all the demat accounts. CDSL holds details of your share holding on your behalf as your bank.
2. Unique Number: Every demat account has unique number for identification purpose and this is the number that is needed to provide for transactions. The number aids the exchange and also the companies to recognize the investor and credit the shares in the investor’s account.
3. Depository participants: Access to central depository is provided by Depository participants or DPs. They act as intermediary between central depository and the investor. They could be banks, financial institutions or brokers as these are empowered to offer demat services.
4. Portfolio holding: This account holds all the securities. As and when the investor checks the account, complete details of the portfolio holdings and its details. These are updated automatically every time you conduct a transaction of buying and selling.

   Benefits of opening a demat account:

• Common Bank: Demat is not just for shares, but also for debt instruments like bonds and this helps you to hold all your investments in single account.
• Automatic update: Since it is common account one does not have to keep giving details like address every time you do transaction or every time you change the details. All these details are automatically available to companies with whom you conduct transaction.
• Odd- lot problem: Earlier shares were transacted in lots and a single or odd number of securities could not be transacted and now this issue is done away with.
• Delivery risks: Demat has also eliminated the risks of fake shares, thefts, deliveries that were wrong etc. As it is automated it has done away with lot of paper work. Also the time of delivery is minimized. Once your transaction is approved, the securities are automatically credited to your account.
• Cost reduction: Demat has drastically reduced the extra costs. Earlier when one transferred the securities, one has to incur the extra costs due to stamp duty and this is not a problem with demat form.
• Easy to hold: Paper certificates are prone to damage and tearing. Whereas in case of demat format no such problem is emerged. It is the most safe and convenient way to hold securities. You can have a nomination facility where as the investor can facilitate the transfer of shares in the event of death.
• There are no restrictions on transactions as with demat account one can sell or buy even a single share, which is not possible if the securities are in physical form as physical shares are stacked together collectively whereas demat shares are easily divisible electronically.
• Corporate benefits: The dividends, refunds or interests incase offered by the companies are automatically available to the Demat account holders. In addition corporate actions like bonus issues, right shares or stock spilt are automatically updated in Demat account of all the shareholders.
• Multiple accessing: This account is electronically operated and so it can be assessed using multiple modes. This account can be accessed through internet using a computer, mobile phones or any other smart device.
• Freezing: Here the demat holders can freeze their accounts for a certain period in case required. This option enables to prevent unexpected debit or credit in one’s demat account. This option is available for specific numbers of securities held in account.

10 benefits that is not possible without Aadhaar card in India

The 12 digit unique identification number that is issued by Indian government to every resident of India, serves as an identity proof and address for various government and official formalities. Any individual, irrespective of age and gender who is the resident of India satisfies the verification process.

There are various benefits of Aadhar card, however the following benefits one cannot avail without its possession:

• Aadhar based direct benefit Transfer (LPG subsidy): The 12 digit individual identification number of aadhar card is used to get the subsidy amount of LPG directly to the bank and this direct benefit transfer scheme is called pahal. For availing this benefit one need to visit your distributor of cylinder and get the Aadhar card linked to the 17 digit LPG consumer number. And once this is done the subsidy amount is directly credited to your bank account.
• Jan Dhan Yojana: This scheme of the Prime Minister is been regarded as the  Guiness world record holder scheme and this scheme – Pradhan Mantri Jan Dhan Yojana accepts only Aadhar card number as the only document sufficient to open the bank account. The benefits offered are Rupay card, free zero balance savings account, life and other insurances.
• Quick passport: The benefit of Aadhar card will enable you to get swift passport. With Aadhar card you can get passport in 10 days and under this format police verification will be done at later part as against previous rule requiring police verification that is time consuming and also as per new government rule if one requires passport, aadhar number is compulsory.
• Digital locker: The Digital locker scheme launched by government of India offers loads of benefits to the citizen. One can store all personal documents on the government server. Sign up process for Digital locker requires person to link his/her 12 digit Aadhar card number.
• Monthly pension: All pensioners from select states will now have to register their Aadhar card no to their respective department so that pension can be received on monthly basis. This positive move was taken by the government as there were cases where in the beneficiaries requesting the pension were found to be fake.
• Provident Fund: Provident fund money  will be given to the account holder who have registered their Aadhar number with employee provident fund organization (EPFO)
• Instant bank account: Opening a bank account requires umpteen numbers of documents to be presented but with aadhar card one can open bank account instantly. This one document is sufficient and worthwhile as compared to other documents for opening bank account. One is relieved to the headache and strain caused in producing bunch of documents to the bank.
• Student Scholarship: Students who receive scholarship from the government can get money only if the bank account of student is linked with their Aadhar number.
• MNREGA: The wages received under the Mahatma Gandhi National Rural Employment Guarantee Act is credited fully to the bank account of the workers linked with Aadhar card number.
• Digital life certificate: Aadhar card linked to this certificate is another positive move by the government. Under the name of Jeevan Praman for Pensioners this system will end the process where the pensioner has to be physically present at the Pension distributing agency to avail pension instead all the details of the pensioners will be accessed digitally by the agency.