The e-sign feature allowed the Non-Banking Financial Corporations (NBFC), working in different domains, to get clients from remote areas, digitally.
With this move, the NBFC companies will now have to physically onboard customers, instead of relying on the e-sign.
Related Article: Govt Seeks Clarification On Use Of eSign Services From Law and Justice MinistryAnother report by FirstPost adds that NSDL wrote to customer companies on December 12 informing them about the discontinuation of the services.
Aadhaar Based Authentication Not Allowed AnymoreEarlier this year, the Supreme Court of India passed a judgement barring all private companies from Aadhaar card for eKYC (electronic know your customer services) authentication process.
Firstpost report also suggests that apart from NSDL, other certifying authorities like eMudhra, SafeScrypt and C-DAC have already stopped issuing eSigns to private companies. | To read full story, visit https://startuparound.com/read/1576418913.5671577/After-eKYC,-No-More-Aadhaar-E-Sign-Services-For-NBFCs?ref=audio_experience