Corporation Bank signs MoU with UIDAI

NEW DELHI: The Corporation Bank has signed a Memorandum of Understanding ( MoU) with Unique Identification Authority of India ( UIDAI), following which it will act as registrar for unique identification project ' Aadhar'

"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," said Corporation Bank in a statement issued on Thursday.

"The bank has been actively involved in financial inclusion and to provide basic banking services to the excluded population in rural and urban areas," it added.

The State Bank of India (SBI) has so far been the first registrar of UIDAI.

'Aadhar' is India's new unique identification system, headed by Nandan Nilekani.

The AADHAR system will work by establishing one's identity using the AADHAR code, and any combination of biometric identification, such as fingerprint or retina scans.