A Memorandum of Understanding (MoU) was signed between the Corporation Bank and Unique Identification Authority of India (UIDIAI). As per the agreement bank will act as registrar for unique identification project ‘Aadhar’.
In a statement issued by Corporation Bank said, "As per the agreement, the bank would enroll customers for issuing a 16-digit unique identification number by collecting biometric and demographic details as per UID norms."
It added, "The bank has been actively involved in financial inclusion and to provide basic banking services to the excluded population in rural and urban areas."
Up till now the State Bank of India (SBI) has been the first registrar of UIDAI.
'Aadhar' is India's new unique identification system, headed by Nandan Nilekani.
The working process of the AADHAR is based on one’s identify using the AADHAR code any combination of biometric identification, such as fingerprint or retina scans.
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