Any bank or telecom company forcing the consumer to furnish Aadhaar as the sole identity proof can be fined up to Rs 1 crore.
The staff of such banks or companies can also be jailed from 3 to up to 10 years. These are some of the amendments cleared by the Union Cabinet which also gives the consumers to use Aadhaar to complete KYC details. The amendments have been done keeping in mind the Supreme Court judgment that Aadhaar is only compulsory for public welfare funds.
An exception can only be made keeping in mind the State interest. There is a provision for a prison term of 3 years on failure to obtain consent before collecting information for authentication and is applicable to offline verification of QR codes. Unauthorized publication of ID can lead up to fine of Rs 10,000 to Rs 1 lakh.
