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Delhi CM Launches Aadhar Enabled Payment Product

Dec 12, 2012

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New Delhi: Delhi Chief Minister Smt. Sheila Dikshit today launched Saral Money, an innovative Aadhar Enabled payment product initially being introduced in parts of New Delhi and the National Capital Region. It has been launched in collaboration with UIDAI, five banks- Axis Bank, HDFC Bank, ICICI, Indian Overseas Bank and the State Bank of India and Visa Card. Saral Money ensures that everyone with an Aadhar number automatically has an Aadhar linked instant account in a bank. The Aadhar holder can also purchase a card for a nominal fee to operate the account. On this occasion Chairman, UiDAI, Shri Nandan Nilekani, DG, UADAI, Shri R.S. Sharma, CEOs/CMDs of five banks and country manager, Indian and South Asia Visa were present on this occasion.

Speaking on this occasion Smt. Dikshit stated that the new product would bring banking at the door step. It would also bring a positive change in financial scenario in the country. She further state that her Government has decided to implement cash transfer mode with the help of Andhra numbers for its most ambitious food security programme – Delhi Annshri Yojna. The Yojna is to be launched UPA Chairperson, Smt. Sonia Gandhi on 15th December, 2012 at New Delhi.

With Saral Money, Government and other institutions can send money to anyone using only an Aadhar number, irrespective of whether they have a bank account. The beneficiary can withdraw their money from any ATM, any Micro ATM using biometric authentication provided by Aadhar, through a bank branch, or access their money through the internet and mobile phones. Saral money brings the power of a debit card, every Aadhar holder and can be purchased across the counter from kirana shops and bank branches. It would facilitate instant account opening, simplified documentation and accessibility and reach. Shri Nilekani described it a truly innovative step. He further stated that we all will contribute substantially in making Delhi a role model in cash transfer.

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