Under what circumstances must Reporting Entities (REs) obtain the Aadhaar number from an individual during the Customer Due Diligence (CD

As per the provisions of the Aadhaar Act, 2016, and RBI’s KYC Master Directions: • REs must obtain the Aadhaar number from individuals only when they seek benefits or subsidies under schemes specifically notified under Section 7 of the Aadhaar Act. • In other cases, Aadhaar is treated as an OVD (Officially Valid Document) and is not mandatory. • This ensures that Aadhaar is primarily used for the targeted delivery of government subsidies and benefits, while other forms of identification remain valid for general account opening or CDD purposes.