ETMoney has launched a new facility through which investors can generate SIP mandate through Aadhaar.
With this, investors can generate mandate from a bank account which is linked to their Aadhaar number. They need to key in their Aadhaar details followed by verification process through OTP.
In a press release, Founder and CEO Mukesh Kalra said, “We want to help Indians by providing them an option to set up their SIP mandates easily through their Aadhar linked bank accounts. We are confident this will go a long way in taking online investments to that section of Indian society who are still not a part of digital banking services.”
Currently, more than 100 crore people have linked their bank account with Aadhaar number. ET Money has close to 80 lakh users.
