Converting prepaid to postpaid with OTP authentication or applying for connection from home- KYC processes made simple
The central government has issued a series of orders simplifying the KYC processes. With the implementation of the new orders, now one can apply for mobile connection from home.
The central government has issued a series of orders simplifying the KYC processes and as a result of that to initiate the telecom reforms in Aadhaar based e-KYC, self KYC and OTP based conversion of mobile connection from Prepaid to Postpaid and vice versa.
See Zee Business Live TV Streaming Below:
News agency ANI has tweeted about the series of orders from the Department of Telecommunications, Government of India. The tweet from the official Twitter handle of ANI said, "Department of Telecommunications, GoI, today issued a series of orders simplifying the KYC processes and thereby initiating the telecom reforms in Aadhaar based e-KYC, Self-KYC and OTP based conversion of mobile connection from Prepaid to Postpaid and vice-versa."
Department of Telecommunications, GoI, today issued a series of orders simplifying the KYC processes and thereby initiating the telecom reforms in Aadhaar based e-KYC, Self-KYC and OTP based conversion of mobile connection from Prepaid to Postpaid and vice-versa. pic.twitter.com/XsG3fbPsJF
— ANI (@ANI) September 21, 2021
It has to be noted that at present, a subscriber has to undergo KYC processes that entail visit to the point of sale along with the original documents of identity and address as proof for obtaining new mobile connection or conversion of mobile connection from prepaid to postpaid or vice versa. With the implementation of the new orders, now one can apply for mobile connection from home.
According to the orders issued by DoT to implement contactless, customer centric and secured KYC process:
1) Self KYC - In this process, the issuing of mobile connection to the customers is done through an app or portal based online process wherein a customer can apply for mobile connection sitting at home or office and gets the SIM delivered at his door step using documents electronically verified by UIDAI or DigiLocker.
2) Aadhaar based e-KYC - Aadhaar based e-KYC process has been re-introduced for issuing of new mobile connections. Telecom service providers will be charged Re 1 per customer authentication by UIDAI. This is a complete paperless and digital process wherein the demographic details along with picture of the customer is received online by the telecom service providers from the UIDAI.
3) OTP based conversion of mobile connection from prepaid to postpaid and vice versa - The implementation of OTP based conversion process enables a subscriber to convert his mobile connection from prepaid to postpaid and vice versa sitting at home/ office via OTP based authentication.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
11:54 AM IST