Business EconomyPosted at: Aug 7 2020 6:11PM

CDSL receives AUA/KUA approval from UIDAI

Mumbai, Aug 7 (UNI) Central Depository Services (India) Limited (CDSL), Asia’s first listed depository said that it has received the approval from the competent authority as a local Authentication User Agency (AUA) or e-KYC User Agency (KUA) with UIDAI vide their approval dated August 7, 2020.
The CDSL Group’s AUA or KUA, once it goes onstream and the intermediaries register and go live as sub-KUA, would facilitate intermediaries to offer seamless online account opening using online Aadhaar based eKYC.
CDSL is also registered as an ASA or KSA with UIDAI and the AUA services combined with the ASA services would provide intermediaries or sub-KUAs to seamlessly provide eKYC services to capital market investors.
The Aadhaar based eKYC service coupled with the Aadhaar based eSign service would facilitate online account opening and would reduce the turnaround time for online KYC and account opening.
The approval would provide a thrust to seamless online account opening using online Aadhaar based eKYC once the CDSL and CVL AUA or KUA goes onstream and intermediaries register and go live as sub-KUA.
CDSL’s wholly-owned subsidiary CDSL Ventures Limited (CVL) had earlier received the approval to act as a local AUA or KUA with UIDAI vide their approval dated July 28, 2020.
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CDSL receives AUA/KUA approval from UIDAI

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