According to news agency Reuters, the central government is allowing banks to verify personal transactions above a certain annual limit using facial recognition and in some cases iris scans of the eyes.
New Delhi. If you go to banks continuously and do banking transactions, then in the coming days you will have to prove your identity through face and eyes (Face Recognition, Iris Scan). With a view to reduce banking frauds and tax evasion, the Government of India has allowed banks to implement these strict rules. News agency Reuters quoted sources as saying that the central government is allowing banks to verify personal transactions above a certain annual limit using facial recognition and in some cases iris scans of the eyes.
Some large private and public sector banks have started using this option, a banker said on condition of anonymity that the advisory allowing verification has not been made public and has not been communicated in advance. .
Verification is not mandatory but will be necessary in some cases
Although this verification is not mandatory but it will be necessary in those cases where the government identity card, PAN card, has not been shared with the banks in tax related matters. Privacy experts are a little worried about this move by banks to use facial recognition of customers.
“This raises privacy concerns especially when India lacks a strong law on privacy, cyber security and facial recognition,” advocate and cyber law expert Pawan Duggal told Live Mint. However, the government has said that it will get the approval of the new privacy law from the Parliament by the beginning of 2023.
These customers may be in trouble
Two government officials, speaking on condition of anonymity, said the new measures could be used to verify the identity of individuals making deposits and withdrawals of more than Rs 20 lakh in a financial year, where as proof of identity. Aadhaar identity card is shared. Because the information is not public.
Aadhaar card contains a unique number linked to a person’s fingerprints, facial and eye scans. In December India’s finance ministry asked banks to take “necessary action” on a letter from the Unique Identification Authority of India (UIDAI) which suggested that verification should be done through facial recognition and iris scanning, especially Where fingerprint authentication of a person fails.
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