New Year 2024 brings important changes: UPI IDs, bank lockers, SIM KYC
Important financial tasks to complete before the December 31 deadline
Source: livemint.com
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Verification mandatory for SIM card dealers
The Indian government has made it mandatory for SIM card dealers to be verified and has discontinued bulk connections to combat online financial fraud. Telecom operators will register their franchisee, point of sale agents and distributors. To prevent the misuse of printed Aadhaar, demographic details will be captured by scanning a QR code.
Source: indiatimes.com