Money can be withdrawn from the bank by showing 'eyes', a new rule may come

In order to prevent and reduce bank fraud and tax evasion, the Government of India has asked the banks of the country to use face recognition and iris scan. According to a Reuters report, face recognition and iris scan can be used for transactions after the annual limit of personal transactions is over.

Now you can withdraw money from banks by showing 'eyes' in the coming days. Wait here, you will not misunderstand the meaning of showing eyes. There is going to be a rule talked about here, and that is iris scan. Yes, banks can soon give money to the account holder with Iris Scan or Face Recognition in some transactions. Unless the account holder is verified in either of the two. Bank will not do transaction. According to the Reuters report, this work has also been started by some big banks of the country, but the names of those banks are not in the report.

what can come rule

In fact, to prevent and reduce bank fraud and tax evasion, the Government of India has asked banks in the country to use face recognition and iris scan. According to a Reuters report, face recognition and iris scan can be used for transactions after the annual limit of personal transactions is over. In the Reuters report, quoting the source, it has been said that some private and government banks have also started using this option. But the name of the banks has not been revealed. According to the report, the use of face recognition iris scan is not mandatory for verification, but it is definitely being used in those cases, in which government identity cards such as Aadhaar card, PAN card number have not been shared with banks for tax purposes. Huh.

At what cost can the eyes be scanned

Eye scans and face recognition are being used to verify deposits and withdrawals of more than Rs 20 lakh (USD 24,478.61) in a financial year, two government officials told the report on condition of anonymity. Could. The reason for this is that in such cases people are asked for Aadhaar card by banks. Aadhaar card has a unique number linked to a person's fingerprints, facial and eye scans.

Instructions were given by the Finance Ministry

In the month of December last year, the Finance Ministry had asked all the banks to take necessary action on the issue of UIDAI. It was suggested in this letter that before making the transaction, the verification of the person should be done through face recognition face and iris scan. This becomes even more important in cases where the fingerprint certification of a person has failed. No official statement has come out from the UIDAI and the Finance Ministry on this matter.