July 2024

GST Update June 2024

No Official Data Released On GST Collection For June 2024

As the country celebrated the 7th birthday of the Goods and Service Tax regime on July 1, 2024, a new development has been making news in the country. As per multiple sources, the Ministry of Finance seems to have decided to discontinue the monthly release of GST data from July 2024 onwards. 

For the past 74 months, the Government has consistently released the data on GST collection on the 1st day of every month. But going forward, this does not seem to be the case as the Government published no official data on July 1, 2024.

Also Read: 53rd GST Council Meeting Highlights

An important point to note here is that there has been no official press release or statement from the government on this development. According to industry experts, this move by the government would potentially affect the analysis of activity trends in the economy. However, we will update this section in case of any new official developments.

June 2024 GST Collection Hits ₹1.74 Lakh Crore

In June 2024, India’s GST collection reached ₹1.74 lakh crore, a robust figure that highlights the continued strong economic activity. This marks a slight decrease from the peak of ₹2.10 lakh crore in April 2024 but remains significantly higher than previous years’ averages.

Key Highlights And Trends

  1. May 2024 saw GST collections of ₹1.73 lakh crore, a slight dip from April, but still a strong indicator of economic activity​
  2. Cumulatively, the first two months of FY 2024-25 saw GST revenues reaching ₹3.83 lakh crore, representing an 11.3% year-on-year growth​
  3. The GST collection figures align with the current GDP estimates, underscoring the robustness of the Indian economy amidst seasonal and election-related fluctuations​ 
  4. Higher GST collections from regions like Jammu & Kashmir, Manipur, Puducherry, and Arunachal Pradesh indicate growing economic activity in these areas, reflecting broader economic development​

The growth in June’s gross GST revenues, on transactions undertaken in the economy during May, was the slowest since June 2021. It was the month of June 2021 when revenues had risen just 2% amidst the COVID-19 pandemic’s second wave. This is the first time since the pandemic that the GST growth rate has gone down to single digits.

FAQs on GST

GST revenue is allocated to both the central and state governments for funding public services, infrastructure projects, and various welfare programmes.

VAT (Value Added Tax)  is a state-level tax collected at multiple points in the supply chain, whereas GST is a unified national tax collected at the final point of sale, replacing multiple state and central taxes.

In India, GST is collected by both the Central Government and State Governments. The Central Government collects Central GST (CGST) and Integrated GST (IGST), while State Governments collect State GST (SGST).

GST abolished Central Excise Duty, Service Tax, Additional Customs Duty (CVD), Special Additional Duty of Customs (SAD), VAT, Central Sales Tax (CST), Purchase Tax, Luxury Tax, Entry Tax, and Entertainment Tax, replacing them with a unified tax system.

Input Tax Credit (ITC) in GST allows businesses to reduce the tax they’ve paid on inputs from their tax liability on outputs, ensuring tax is only paid on the value added at each stage of production.

GST collection is calculated by applying the GST rate to the taxable value of goods or services sold, then subtracting any eligible Input Tax Credit (ITC) from the tax payable on the sales.

India’s GST system is inspired by the GST models of countries like Canada and Australia, adapting elements to fit its federal structure and economic context.

The Reverse Charge Mechanism (RCM) in GST is a system where the liability to pay GST shifts from the supplier to the recipient of goods or services, requiring the recipient to pay the tax directly to the government.

By Abhinandan, ago
White Collar Definition

White-Collar Worker: Definition, Common Types & Examples

White-Collar Worker Definition & Meaning

White-collar workers are those who perform professional, managerial, or administrative work. The term “white-collar” was coined in the early 20th century to describe employees who wore white, button-up shirts to work, in contrast to blue-collar workers who wore blue overalls. White-collar roles are predominantly office-based and involve more mental than physical tasks.

White-Collar Historical Context and Evolution

The concept of white-collar work emerged during the Industrial Revolution when there was a clear distinction between manual labour and clerical or managerial tasks. Initially, white-collar jobs were associated with higher social status and better working conditions than blue-collar jobs. Over time, the scope of white-collar work expanded to include a wide range of professions such as finance, healthcare, information technology, and education. The evolution of the digital age further transformed white-collar work, incorporating remote work and digital communication as integral components of these roles.

Characteristics Of White-Collar Workers

Common White-Collar Job Roles And Examples

White-collar workers encompass a broad range of professions that typically involve administrative, managerial, or professional tasks. These roles require a combination of specialised knowledge, technical skills, and advanced education.

Common White-Collar Jobs
Common White-Collar Jobs

Below are detailed descriptions of various white-collar job roles with examples:

  1. Accountants and Auditors: Accountants manage financial records, prepare tax returns, and ensure compliance with financial regulations. Auditors review financial statements and records to ensure accuracy and adherence to laws. Both roles require a strong understanding of accounting principles and financial regulations.
  2. Software Developers and IT Professionals: These roles involve designing, developing, and maintaining software applications and IT systems. Software developers write code, while IT professionals manage networks, cybersecurity, and technical support. These jobs require proficiency in programming languages, software development methodologies, and IT infrastructure.
  3. Human Resource Managers and Specialists: HR managers oversee recruitment, employee relations, benefits administration, and compliance with labour laws. HR specialists focus on specific areas like recruitment, training, or compensation. Strong interpersonal skills and knowledge of HR practices are essential.
  4. Lawyers and Legal Professionals: Lawyers provide legal advice, represent clients in court, and draft legal documents. They work in various fields such as corporate law, criminal law, and intellectual property law. Legal professionals need a law degree and must pass the bar examination.
  5. Medical Professionals: This category includes doctors, dentists, pharmacists, and nurses who diagnose and treat medical conditions. They work in hospitals, clinics, and private practices. Medical professionals require advanced degrees and licenses to practice.
  6. Marketing and Sales Managers: These professionals develop marketing strategies, manage advertising campaigns, and oversee sales teams. They analyse market trends and customer needs to drive business growth. Creativity, analytical skills, and strategic thinking are crucial.
  7. Financial Analysts and Advisors: Financial analysts evaluate financial data to guide business decisions, while financial advisors provide investment and financial planning advice to individuals and organisations. Both roles require strong analytical skills and knowledge of financial markets.
  8. Educational Administrators and Academics: These professionals manage educational institutions, develop curricula, and conduct academic research. Examples include school principals, university professors, and education consultants. Advanced degrees and experience in education are typically required.
  9. Project Managers: Project managers plan, execute, and oversee projects to ensure they are completed on time, within budget, and meet quality standards. They work in various industries, including construction, IT, and finance. Organisational skills and project management certifications are important.
  10. Consultants: Consultants provide expert advice in specific fields such as management, strategy, technology, or human resources. They help organisations improve performance and efficiency. Examples include management consultants, IT consultants, and environmental consultants. Strong analytical and problem-solving skills are essential.

White-Collar Work Environment And Conditions

White-collar workers typically operate in office settings, characterised by the use of computers, telephones, and other office equipment. The work environment for white-collar jobs includes:

  • Office Settings: Most white-collar workers spend their days in offices, which can range from cubicles to private offices and open-plan layouts. These environments are designed to facilitate productivity and collaboration.
  • Remote Work: With the rise of digital communication technologies, many white-collar workers have the flexibility to work remotely. This trend has accelerated due to the COVID-19 pandemic, making remote work a standard practice in many industries.
  • Meeting Rooms and Conference Halls: White-collar professionals frequently attend meetings, presentations, and conferences, which can be internal or with clients and stakeholders. These interactions are crucial for decision-making and strategy development.
  • Travel: Some white-collar jobs, such as consultants and sales managers, require frequent travel to meet clients, attend conferences, or oversee projects. This travel can be domestic or international, depending on the job role.

White-Collar Worker Skills And Qualifications

The skills required for white-collar jobs vary widely depending on the specific role. However, some common skills and qualifications include:

  • Educational Background: Most white-collar jobs require at least a bachelor’s degree, with many positions necessitating advanced degrees or professional certifications. For example, accountants may need CPA certification, while lawyers require a law degree and bar certification.
  • Technical Skills: Proficiency in specific tools or software relevant to the job is essential. For instance, accountants use accounting software like QuickBooks or SAP, while software developers need expertise in programming languages such as Java, Python, or C++.
  • Soft Skills: Strong communication, problem-solving, and organisational skills are crucial for most white-collar roles. These skills enable professionals to collaborate effectively, manage projects, and resolve conflicts. Leadership and teamwork abilities are also highly valued, especially in managerial positions.
  • Continuous Learning: White-collar professionals often engage in ongoing education and training to keep up with industry trends and advancements. This can include attending workshops, obtaining certifications, or enrolling in advanced degree programs.

White-Collar Workers Vs. Blue-Collar Workers

The distinction between white-collar and blue-collar workers lies in their work, skill sets, and work environments. Here are the key differences:

  • Nature of Work:
    • White-Collar Workers: Engage in professional, managerial, or administrative tasks that are primarily mental and require higher education. Examples include accountants, lawyers, and managers.
    • Blue-Collar Workers: Perform manual labour or technical tasks that are often physical and require vocational training or apprenticeships. Examples include electricians, factory workers, and construction workers.
  • Work Environment:
    • White-Collar Workers: Typically work in office settings, using computers and other office equipment. Their work environment is generally clean and climate-controlled.
    • Blue-Collar Workers: Often work in industrial settings, such as factories, construction sites, or outdoors. Their work environment can be more physically demanding and hazardous.
  • Skills and Qualifications:
    • White-Collar Workers: Usually require higher education degrees, professional certifications, and continuous learning to stay updated with industry trends. Soft skills like communication and leadership are also crucial.
    • Blue-Collar Workers: Typically require vocational training, technical skills, and certifications related to their trade. Physical strength, dexterity, and practical problem-solving skills are important.
  • Compensation and Benefits:
    • White-Collar Workers: Generally earn higher salaries and have access to benefits like health insurance, retirement plans, and paid leave. Compensation often includes bonuses and stock options.
    • Blue-Collar Workers: Compensation can vary widely but is often based on hourly wages or piece rates. Benefits may include union membership, overtime pay, and job security in certain trades.
  • Job Security and Stability:
    • White-Collar Workers: While traditionally seen as more secure, white-collar jobs can be subject to economic fluctuations and corporate restructuring. However, there are often opportunities for career advancement.
    • Blue-Collar Workers: Job security can vary depending on the industry and economic conditions. Unionised blue-collar workers may have greater job security and bargaining power.

Economic And Social Implications

The division between white-collar and blue-collar workers has significant economic and social implications:

  • Economic Impact:
    • Income Disparities: White-collar jobs typically offer higher incomes, contributing to income inequality between white-collar and blue-collar workers. This disparity can affect access to resources, education, and healthcare.
    • Employment Trends: The rise of automation and technology has different impacts on white-collar and blue-collar jobs. While some blue-collar jobs are being automated, white-collar roles in tech and management are expanding.
  • Social Implications:
    • Social Status: Historically, white-collar jobs have been associated with higher social status and prestige compared to blue-collar jobs. This perception influences social mobility and aspirations.
    • Work-Life Balance: White-collar workers often face stress related to long hours and high responsibilities, whereas blue-collar workers may experience physical strain and job-related injuries.

Industry Sectors Employing White-Collar Workers

White-collar workers are employed across various industry sectors. Here are some key sectors that heavily rely on white-collar professionals:

  • Finance and Banking: Accountants, financial analysts, and investment bankers are critical in managing financial operations, advising on investments, and ensuring regulatory compliance.
  • Information Technology: Software developers, IT managers, and cybersecurity experts are vital in developing and maintaining technology infrastructure and software applications.
  • Healthcare: Doctors, nurses, pharmacists, and healthcare administrators play crucial roles in patient care, medical research, and healthcare management.
  • Education: Teachers, professors, and educational administrators are essential for developing curricula, conducting research, and managing educational institutions.
  • Legal Services: Lawyers, paralegals, and legal consultants provide legal advice, represent clients, and ensure compliance with laws and regulations.
  • Marketing and Advertising: Marketing managers, advertising executives, and sales managers develop strategies to promote products and services and drive business growth.
  • Consulting: Management consultants, IT consultants, and HR consultants provide specialised advice to improve organisational performance and efficiency.

White-Collar Workers Education And Training

Required Educational Background

White-collar jobs typically require a strong educational foundation. The level of education and specific qualifications can vary significantly based on the job role. Here’s a breakdown of the common educational requirements for various white-collar professions:

  • Bachelor’s Degree: Many white-collar jobs require at least a bachelor’s degree. Fields such as business administration, finance, marketing, and computer science are common areas of study. For instance:
    • Accountants: Often hold a Bachelor of Accounting or a related degree.
    • Human Resource Specialists: Typically have degrees in human resources, business administration, or related fields.
    • Marketing Managers: Commonly possess degrees in marketing, business, or communications.
  • Advanced Degrees: Certain professions require advanced degrees (master’s, doctorate) for entry-level positions or career advancement.
    • Lawyers: Need a Juris Doctor (JD) degree from a law school and must pass the bar exam.
    • Doctors: Require a medical degree (MD or DO) and must complete residency training.
    • University Professors: Usually hold a PhD in their field of expertise.
  • Professional Certifications: Many white-collar professions require specific certifications to demonstrate expertise and meet industry standards.
    • Certified Public Accountants (CPA): Accountants often pursue CPA certification for career advancement.
    • Project Management Professional (PMP): Project managers may obtain PMP certification to validate their skills.
    • Certified Information Systems Security Professional (CISSP): IT security professionals often seek this certification.

Professional Development and Career Advancement

Continuous learning and professional development are crucial for white-collar workers to stay competitive and advance in their careers. Here are common avenues for professional growth:

  • Continuing Education: Many professions require ongoing education to maintain certifications and stay updated with industry changes. This can include attending workshops, enrolling in courses, and participating in webinars.
    • Accountants: Must complete continuing professional education (CPE) credits to maintain CPA certification.
    • Healthcare Professionals: Engage in continuing medical education (CME) to stay current with medical advancements.
  • Professional Associations: Membership in professional organisations provides networking opportunities, access to industry resources, and professional development.
    • American Bar Association (ABA): Offers resources and continuing education for lawyers.
    • Project Management Institute (PMI): Provides certifications and development programs for project managers.
    • American Marketing Association (AMA): Offers resources, training, and certifications for marketing professionals.
  • Mentorship and Networking: Building professional relationships through mentorship and networking can significantly impact career advancement. Mentors provide guidance, support, and valuable insights, while networking can lead to new opportunities and collaborations.
  • Advanced Certifications and Degrees: Pursuing additional certifications or advanced degrees can enhance expertise and open up new career paths.
    • MBA (Master of Business Administration): Can benefit professionals seeking leadership roles.
    • CFA (Chartered Financial Analyst): Valued in finance and investment sectors.

Advantages And Disadvantages Of White-Collar Jobs

White-Collar Jobs Benefits

White-collar jobs offer numerous advantages that make them attractive to many workers. Here are some of the key benefits:

  • Higher Earnings: White-collar jobs generally offer higher salaries compared to blue-collar jobs. This higher compensation reflects the advanced education and specialised skills required. 
  • Job Stability and Security: Many white-collar professions provide greater job stability and security, especially in established fields like healthcare, education, and law. These roles are often less susceptible to economic downturns compared to blue-collar jobs.
  • Professional Work Environment: White-collar workers typically enjoy clean, comfortable, and climate-controlled office environments. These settings reduce the physical strain associated with many blue-collar jobs and often include modern amenities.
  • Career Advancement Opportunities: White-collar jobs often have clear career progression paths. Employees can advance to higher positions by gaining experience, obtaining additional qualifications, and demonstrating strong performance. For example, a junior accountant can progress to a senior accountant, and eventually to a financial manager.
  • Work-Life Balance: Many white-collar positions offer flexible working hours, remote work options, and generous leave policies. These benefits help employees balance their professional and personal lives more effectively.
  • Professional Development: White-collar jobs provide numerous opportunities for ongoing education and professional development. Employees can attend workshops, conferences, and training programs to enhance their skills and stay current with industry trends.
  • Social Status and Prestige: Historically, white-collar jobs have been associated with higher social status and prestige. Holding a white-collar position can provide a sense of pride and accomplishment, along with social recognition.

White-Collar Jobs Challenges And Drawbacks

Despite the many benefits, white-collar jobs also come with their own set of challenges and drawbacks:

  • Work-Related Stress: White-collar workers often face high levels of stress due to demanding workloads, tight deadlines, and high expectations. Roles such as project managers and executives can be particularly stressful.
  • Long Working Hours: Many white-collar professionals work beyond the standard 40-hour workweek. This is especially true in high-pressure fields like finance and law, where long hours are often the norm.
  • Sedentary Lifestyle: Office-based jobs can lead to a sedentary lifestyle, which is associated with various health issues such as obesity, cardiovascular disease, and musculoskeletal problems. Prolonged sitting and computer use can also cause eye strain and repetitive strain injuries.
  • Job Insecurity in Certain Sectors: While some white-collar jobs are stable, others are vulnerable to economic fluctuations and technological changes. For example, jobs in traditional media, retail management, and certain administrative roles are increasingly being automated or outsourced.
  • Continuous Education Requirements: Many white-collar professions require ongoing education and certification to maintain credentials and stay competitive. This can be time-consuming and costly.
  • High Competition: The demand for white-collar jobs often leads to intense competition for positions. This can make it challenging for job seekers, especially those without significant experience or advanced qualifications.
  • Emotional and Mental Strain: White-collar roles that involve decision-making, management, and client interactions can lead to emotional and mental strain. Burnout is a common issue among professionals in high-stress environments.

Current Trends And Future Outlook Of White-Collar Jobs

Impact of Technology and Automation

The rise of technology and automation is profoundly impacting white-collar jobs. These advancements are reshaping how work is performed, leading to both opportunities and challenges:

  • Automation and AI: Automation and artificial intelligence (AI) are streamlining various white-collar tasks. Routine tasks in accounting, data entry, and customer service are increasingly being automated, allowing employees to focus on more complex and strategic activities. However, this also raises concerns about job displacement in certain administrative roles.
  • Remote Work: The COVID-19 pandemic accelerated the adoption of remote work, which has now become a standard practice in many industries. Tools like video conferencing, project management software, and cloud computing facilitate remote work, offering greater flexibility and work-life balance. This trend is likely to continue, with hybrid work models becoming more prevalent.
  • Digital Transformation: Companies are investing heavily in digital transformation to enhance efficiency and competitiveness. This involves adopting new technologies, such as big data analytics, cybersecurity, and the Internet of Things (IoT). White-collar workers need to adapt to these changes by acquiring new digital skills and competencies.
  • Gig Economy: The gig economy is expanding into white-collar sectors, with more professionals taking on freelance, contract, or part-time work. Platforms like Upwork and Fiverr enable professionals to offer their services independently, providing flexibility but also introducing income instability and a lack of traditional benefits.

Future Of White-Collar Work In The Job Market

The future of white-collar work will be shaped by several key trends and developments:

  • Skill Upgradation and Reskilling: As technology evolves, there will be an increasing need for white-collar workers to continuously upgrade their skills. Professionals will need to stay abreast of technological advancements and acquire new skills through ongoing education and training programs.
  • Hybrid Work Models: The future workplace will likely adopt hybrid models, combining remote work with traditional office settings. This shift will require organisations to develop new policies, invest in digital infrastructure, and focus on maintaining employee engagement and productivity.
  • Increased Focus on Soft Skills: While technical skills remain important, there will be a growing emphasis on soft skills such as communication, problem-solving, and emotional intelligence. These skills are essential for collaboration, leadership, and adapting to changing work environments.
  • Diversity and Inclusion: There is a growing recognition of the importance of diversity and inclusion in the workplace. Companies are making concerted efforts to build more inclusive cultures, which can enhance creativity, innovation, and overall organisational performance.
  • Sustainability and Corporate Social Responsibility (CSR): Companies are increasingly focusing on sustainability and CSR initiatives. White-collar professionals will play a key role in driving these efforts, which can enhance brand reputation and contribute to long-term business success.

Conclusion

White-collar workers are integral to the functioning of modern economies, contributing to various industries and driving innovation and growth. As the job market continues to evolve, white-collar professionals must adapt to new technologies, embrace continuous learning, and develop both technical and soft skills. By understanding the dynamics of white-collar work, individuals and organisations can better navigate the challenges and opportunities of the future.

FAQs around White-Collar

White-collar workers are typically defined as employees who perform professional, managerial, or administrative tasks. The term “white-collar” was coined by Upton Sinclair in the early 20th century to describe workers who wore white, button-down shirts, as opposed to the blue overalls worn by manual labourers, or “blue-collar” workers.

A white-collar job involves professional, managerial, or administrative tasks typically performed in an office environment, requiring higher education and specialised skills

White-collar workers perform professional, managerial, or administrative tasks, typically in office settings, requiring higher education. Blue-collar workers engage in manual labour, often in industrial or trade environments, typically requiring vocational training.

The term “white collar” originates from the early 20th century, when office workers commonly wore white, button-down shirts, distinguishing them from manual laborers who typically wore blue workwear.

The term “white-collar” was defined by writer Upton Sinclair in the early 20th century to describe office workers who wore white shirts, distinguishing them from manual laborers.

By Abhinandan, ago
Future of BFSI Digital Signatures

Webinar Recap: Securing The Future Of BFSI With Digital Signatures

With technology moving at a fast pace, digital signatures stand as a testament to the innovation’s next step ahead. Imagine having the ability to swiftly and securely authenticate documents with just a click of a button. A marvel of modern technology, digital signatures are not just electronic scribbles but cryptographic algorithms that provide the same legal standing as a handwritten signature. This technological advancement is not just a convenience but a necessity. 

On Friday, 28 June 2024, AuthBridge conducted an insightful webinar exploring the ever-changing landscape of the BFSI industry with digital signatures making a significant shift towards seamless transactions. Our webinar, moderated by AuthBridge’s own Mansi Bhatia, featured two esteemed speakers:

  1. Aniket Poddar, Managing Director at Jeevan Utthan Financial Services
  2. Harish Damodaran, VP of Fintech Solutions at AuthBridge. 

Click on this link to watch the full webinar recording, on demand.

In the meantime, here is a quick webinar recap for you. 

Challenges With Traditional Paper-Based Processes

Aniket began the webinar by highlighting the difficulties faced by NBFCs, particularly those serving rural areas. “The first step is for us to understand our borrowers, our employees, and their educational levels,” he said focusing on the unique challenges encountered in these regions. 

In rural areas, borrowers often struggle with limited literacy, making it difficult for them to fill out lengthy loan application forms. This challenge required them to manually sign each paper. However, with technological advancements revolutionising processes, Jeevan Utthan has succeeded in eliminating the need for handwritten signatures, automating the entire process. By leveraging Aadhaar OTP, they have significantly reduced turnaround times, streamlining their operations to mere seconds. 

Expanding on Aniket’s insights, Harish chimed in to highlight the widespread nature of these challenges, emphasising how these are not just confined to the lending industry. He pointed out the inefficiencies associated with filling out endless forms and paperwork that are prevalent in various sectors, including insurance, securities, and beyond. 

Aniket then explained deeper into the transition from traditional to digital methods. “While digital signing and OTP-based methods are becoming more common, not everyone has their mobile number linked with Aadhaar,” he stated while mentioning the alternative options for virtual signing. These innovative solutions help build trust and confidence among customers as they smoothly navigate through the shift from traditional to digital processes. 

Benefits Of Digital Signatures

The landscape of digital signing methods has undergone a revolutionary transformation in recent years, with automation transforming the entire journey. The digitisation of signatures has played an important role in reshaping this journey, turning what was once a long and tiring process into a streamlined, efficient experience.

Harish explained this with the example of the lending industry, “On one end, you have a customer eager to get a loan as soon as possible, and on the other, a lending institution trying to disburse the loan quickly. Once negotiations are complete and the loan is approved, significant automation is essential. This is where robotic process automation (RPA) comes into play, reducing the time traditionally taken to get a signature.” 

Earlier, customers were stuck with a mountain of paperwork, often leading to erroneous signatures and huge delays. However, the automation of processes has eliminated such issues with a significant reduction in the turnaround time. 

Further, Aniket shared a real-time example to present the impact of this technological shift. During one of his loan disbursement experiences, a customer expressed her frustration about repeatedly having to call her husband for signatures. She contrasted this with another organization that had automated the entire process using just a click and an Aadhaar OTP. This made them realise how they were lagging behind competitors in embracing new technologies.  

Security Concerns And Building Trust

Security is a major deal for both the customer and the lender, especially when it comes to the financial sector. Fortunately, with AuthBridge’s digital signing platform, SignDrive, organisations can ensure transparency and provide an audit trail to reassure both customers and lenders. This platform is ISO-certified, with compliances such as ISO 9001 and 27001 that help keep transparency all around, helping create a secure environment in the entire industry. With audit trails, including time stamps, customers can be completely aware of every document they sign. 

Creating A Customer-Centric Experience

In today’s fast-paced world, creating a customer-centric experience is paramount, especially in the financial sector. Because obviously who wants to wait around for a loan? That too when you need money fast. To describe this, Harish rightly pointed out three key elements crucial in achieving this:

  • Transparency

In any process, especially when it comes to lending, every individual craves clarity and openness. Digitizing signatures and documents ensures a transparent, easy-to-understand system where customers can trust the process and feel confident in their decisions.

  • Urgency

Microfinance customers often need loans to address immediate concerns. Leveraging technology to streamline and speed up processes helps both lending institutions and customers, enabling quicker access to necessary funds.

  • Convenience

Imagine having the comfort of signing documents from anywhere, at any time. By providing the ability to sign securely from anywhere, customers are not restricted by logistics or timings.

Addressing Potential Frauds

Concerns regarding potential fraud are tackled comprehensively from both the employee and customer perspectives. To explain this, Aniket significantly highlighted Jeevan Utthan’s approach, implementing diverse training panels and modules. These include regular presentations and training sessions in collaboration with various organizations. Their field agents undergo rigorous training, ensuring they are well-prepared to educate and support borrowers effectively.

When it comes to borrowers, there’s a noticeable shift towards adopting paperless initiatives and digital signing. Borrowers have increasingly embraced digital signatures and Aadhaar OTP methods, recognizing the convenience, safety, and security they provide in today’s digital landscape.

Improvements In Turnaround Time (TAT)

When it comes to reduction in TAT, Jeevan Utthan has successfully managed to reduce its turnaround times for loan disbursement. Initially, they streamlined their process to initiate loan disbursement within 15 days. Moving forward they have managed to further optimise it to 10 days, leading to making it a 48 to 32 hours process. “Thanks to technology from AuthBridge and SignDrive, we’re aiming for on-tap disbursement, reducing TAT to just 24 hours,” stated Aniket expressing his confidence in these advancements. 

Future Of Digital Transformation

Lastly, when asked about the future of digitisation or digital transformation, both Harish and Aniket shared positive perspectives. 

Harish emphasised the diverse nature of digitisation, highlighting its role in enhancing the customer journey. He predicted the trend moving forward, with institutions embracing more integrated processes for convenience. 

Aniket agreed with Harish’s viewpoints expressing a strong belief in the industry’s future. 

Webinar Q&A Session

During the webinar, numerous participants posed insightful questions that enriched the audience’s understanding of our digital e-signing platform, SignDrive. Here are some of the key questions and answers:

Q1. How are digital signatures used in the engineering valuations?

Digital signatures can revolutionize engineering valuations, particularly when contracts are involved. Our platform allows for complete automation of the signing process, defining workflows to determine who needs to sign the contract and when. The true beauty of SignDrive lies in its customizability. Users can tailor their workflows according to their specific processes, selecting signatories and establishing signing frequencies that suit their unique needs.

Q2. From a tech standpoint, how do you ensure compliance with RBI and other regulatory norms?

SignDrive’s platform is ISO-certified, boasting compliances such as ISO 9001 and 27001. We adhere strictly to RBI guidelines by offering Aadhaar-based signatures, authenticated signatures, digital signatures, and electronic signatures. To ensure the authenticity of signatures, we maintain comprehensive audit trails. These records document the entire process, identifying signatories and capturing live images during the signing, thus ensuring full transparency and regulatory compliance.

Q3. How fast has loan approval become with the adoption of digital signatures?

The adoption of digital signatures has not only accelerated the loan approval process but has made it lightning-fast, significantly reducing turnaround times (TAT).

Q4. Can you elaborate on the use of digital signatures in other industries?

Digital signatures extend far beyond the BFSI sector. Any industry dealing with contracts and agreements can benefit from SignDrive. 

Q5. Have digital signatures improved customer satisfaction beyond speeding up the loan processing time?

Absolutely! With digital signatures, customer satisfaction has improved to a great extent. With everything happening digitally, customers no longer have to go through piles of paper signing them, enjoying a smoother and more efficient experience.

By Mansi, ago
2024 New Criminal Laws India

New Indian Criminal Laws 2024: Key Highlights, Impact

In a landmark move, India has undertaken a sweeping overhaul of its criminal justice system with the introduction of three pivotal laws: the Bharatiya Nyaya Sanhita, the Bharatiya Nagarik Suraksha Sanhita, and the Bharatiya Sakshya Adhiniyam. Having gone into effect from July 1, 2024, these new laws replace the colonial-era Indian Penal Code (IPC) of 1860, the Criminal Procedure Code (CrPC) of 1898, and the Indian Evidence Act of 1872, and are poised to bring significant reforms aimed at modernising and streamlining the country’s legal framework.

These reforms are not just a cosmetic update but a comprehensive reworking of India’s criminal laws to better align with contemporary realities. The new laws aim to address the long-standing inefficiencies and inadequacies of the existing statutes, which have been criticised for being outdated and unresponsive to the needs of modern society. The drive for these changes was fueled by the necessity to enhance legal procedures, integrate technological advancements, and ensure a more robust protection of citizens’ rights.

The Bharatiya Nyaya Sanhita focuses on substantive criminal law, aiming to simplify and update the legal provisions to reflect current societal values and technological advancements. The Bharatiya Nagarik Suraksha Sanhita overhauls procedural aspects, ensuring quicker and more efficient justice delivery. Meanwhile, the Bharatiya Sakshya Adhiniyam modernises the rules of evidence to include digital and electronic records, which are increasingly relevant in today’s digital age.

These reforms are anticipated to have a profound impact on various sectors, from law enforcement and judiciary to the general public. By introducing measures like digitalisation of processes, videography in search and seizure, and forensic science integration, the new laws aim to enhance transparency, accountability, and efficiency within the criminal justice system.

Bharatiya Nyaya Sanhita

The Bharatiya Nyaya Sanhita marks a transformative shift in India’s approach to substantive criminal law. This comprehensive legislation replaces the Indian Penal Code (IPC) of 1860, which had remained largely unchanged since its inception during the British colonial era. The new code seeks to modernise and rationalise the legal framework to address contemporary issues effectively. 

Bharatiya Nyaya Sanhita Highlights

Here are the key highlights of the Bharatiya Nyaya Sanhita:

  • Replacing the Indian Penal Code (IPC)

The transition from the IPC to the Bharatiya Nyaya Sanhita is characterised by a significant reduction and simplification of legal provisions. The IPC’s 511 sections have been streamlined to a more concise and accessible format, focusing on clarity and ease of application. This restructuring aims to remove ambiguities and redundancies that have plagued the old system, ensuring that the law is more straightforward and comprehensible for both legal practitioners and the general public.

  • Simplification and Reduction of Sections

The new code has eliminated many outdated and redundant sections from the IPC, replacing them with more precise and relevant provisions. For instance, older terms and definitions that had become archaic or irrelevant have been updated to reflect current legal and social contexts. This move is aimed at making the legal text more user-friendly and eliminating the complexities that often lead to misinterpretation and misuse.

  • Enhanced Focus on Crimes Against Women and Children

One of the significant emphases of the Bharatiya Nyaya Sanhita is the protection of women and children, reflecting the increased societal focus on these vulnerable groups. The new code introduces stringent measures to combat crimes such as human trafficking, sexual exploitation, and domestic violence. For example, the punishment for rape has been made more severe, with provisions for life imprisonment and even the death penalty in cases involving minors or extreme brutality. Additionally, new sections have been introduced to address stalking, acid attacks, and other forms of gender-based violence comprehensively.

Bharatiya Nyaya Sanhita New Provisions and Amendments

  • Introduction of New Offences

The Bharatiya Nyaya Sanhita addresses several emerging forms of crime that were inadequately covered under the IPC. Cybercrime, for instance, has received significant attention. New sections have been dedicated to offences such as hacking, identity theft, and online harassment. Given the rapid increase in digital transactions and internet usage, these provisions are crucial for protecting individuals and businesses from cyber threats.

Financial crimes have also been a focus area. The new code includes stringent measures against financial frauds like Ponzi schemes, insider trading, and large-scale financial scams. This is particularly important in an era where financial crimes have become increasingly sophisticated and globalised.

Environmental crimes are another new inclusion. The code introduces penalties for activities that cause significant harm to the environment, such as illegal mining, deforestation, and pollution. These provisions aim to align India’s legal framework with global environmental standards and commitments.

  • Repealed and Modified Sections

Several sections from the IPC have been repealed or substantially modified to better align with contemporary legal and societal norms. For example, the controversial sedition law has been redefined to prevent its misuse while ensuring that it remains effective in protecting national security. The new definition focuses on acts that directly incite violence or pose a clear and present danger to public order, thereby narrowing its scope and preventing arbitrary applications.

Property offences have also seen significant updates. The definitions and penalties for theft, burglary, and fraud have been modernised to reflect new forms of these crimes. For instance, provisions now account for digital theft and identity fraud, ensuring that the law keeps pace with technological advancements.

Download Link for Bharatiya Nyaya Sanhita – Click Here.

Bharatiya Nagarik Suraksha Sanhita

The Bharatiya Nagarik Suraksha Sanhita, 2023, replaces the Criminal Procedure Code (CrPC) of 1898, bringing significant reforms aimed at enhancing the procedural aspects of the criminal justice system. This new legislation focuses on modernising investigative and trial processes, improving the efficiency and transparency of law enforcement, and ensuring faster delivery of justice.

Bharatiya Nagrik Suraksha Samhita Highlights

Here are the key highlights of the Bharatiya Nagarik Suraksha Sanhita

  • Replacing the Criminal Procedure Code (CrPC)

The overhaul of the CrPC was driven by the need to update procedural laws to keep pace with technological advancements and changing societal needs. The Bharatiya Nagarik Suraksha Sanhita aims to eliminate procedural delays, reduce bureaucratic hurdles, and introduce more effective methods for crime investigation and prosecution.

  • Digitalisation and Modernisation

One of the standout features of the new code is the extensive incorporation of digital technologies. The Bharatiya Nagarik Suraksha Sanhita mandates the use of digital records and e-governance platforms to streamline the documentation and tracking of cases. This move is expected to significantly reduce paperwork, minimise errors, and enhance the accessibility of case information for all stakeholders.

For instance, the introduction of e-FIR (First Information Report) allows individuals to lodge complaints online, making the process more accessible and efficient. This is particularly beneficial in remote and rural areas where access to police stations may be limited. Additionally, digital platforms for tracking the status of complaints and investigations provide greater transparency and accountability.

  • Introduction of Zero FIR and e-FIR

The concept of Zero FIR has been formalised and expanded under the new code. Zero FIR allows a complaint to be registered at any police station, regardless of jurisdiction, which is then transferred to the appropriate station. This provision is crucial in ensuring timely action in cases of serious crimes, particularly those involving women and children.

The e-FIR system enhances this further by enabling the filing of FIRs through online platforms. This not only simplifies the process for citizens but also helps in creating a digital trail that can be easily monitored and audited, reducing instances of corruption and negligence.

  • Procedural Improvements

  • Videography in Search and Seizure Operations

To enhance the integrity of search and seizure operations, the Bharatiya Nagarik Suraksha Sanhita mandates the videography of such procedures. This measure aims to prevent tampering and ensure that all actions taken by law enforcement are documented and transparent. The use of body cameras and other recording devices is expected to increase accountability and build public trust in the police force.

  • Provisions for Speedy Trials

Recognising the chronic issue of delayed justice, the new code introduces several measures to expedite trials. These include stricter timelines for the completion of investigations and trials and the establishment of fast-track courts for handling cases of serious offences. The law also provides for summary trials in cases of minor offences, ensuring that these do not clog the judicial system and that justice is delivered swiftly.

Download Link for the Bharatiya Nagarik Suraksha Sanhita – Click here

Bharatiya Sakshya Adhiniyam

The Bharatiya Sakshya Adhiniyam, 2023, represents a significant update to the rules of evidence, replacing the Indian Evidence Act of 1872. This new law aims to modernise the evidentiary framework, integrating contemporary standards and addressing the challenges posed by digital and electronic records.

Bharatiya Sakshya Adhiniyam highlights

Here are the key highlights of the Bharatiya Sakshya Adhiniyam

  • Replacing the Indian Evidence Act

The overhaul of the Indian Evidence Act is driven by the need to align legal practices with modern technological advancements and societal changes. The Bharatiya Sakshya Adhiniyam introduces new definitions, expands the scope of admissible evidence, and ensures that the legal framework keeps pace with the digital age.

  • Expansion of the Definition of Evidence

The new law broadens the definition of evidence to include digital and electronic records explicitly. This change is crucial in an era where digital communication and transactions are prevalent. Under the previous act, the admissibility of such evidence often faced challenges due to outdated definitions and a lack of clear guidelines.

For instance, emails, text messages, and digital documents are now explicitly recognised as valid forms of evidence, provided they meet certain authenticity criteria. This expansion ensures that the legal system can effectively handle cases involving cybercrimes, financial frauds, and other offences that heavily rely on digital evidence.

  • Inclusion of Digital and Electronic Records

To address the complexities of digital evidence, the Bharatiya Sakshya Adhiniyam includes detailed provisions on the collection, preservation, and presentation of electronic records. These provisions ensure that digital evidence is handled with the same level of scrutiny and reliability as traditional forms of evidence.

The law mandates the use of certified digital signatures and secure authentication methods to verify the integrity of electronic records. Additionally, specific guidelines are provided for the admissibility of digital photographs, videos, and other multimedia evidence, ensuring that such evidence is not easily manipulated or contested.

Integration of Forensic Science

  • Establishment of National Forensic Science University

A major highlight of the Bharatiya Sakshya Adhiniyam is the establishment of the National Forensic Science University. This institution aims to enhance the forensic capabilities of the Indian criminal justice system by providing advanced training, research, and development in forensic science.

The university will serve as a central hub for forensic expertise, offering specialised courses and certification programmes for law enforcement officers, legal professionals, and forensic scientists. This initiative is expected to improve the quality and reliability of forensic evidence presented in courts.

  • Mandatory Forensic Team Visits for Serious Crimes

To ensure a thorough and unbiased investigation of serious crimes, the new law mandates the involvement of forensic teams in such cases. This requirement aims to standardise the collection and analysis of forensic evidence, minimising the risk of tampering and ensuring that investigations are conducted scientifically.

For example, in cases of homicide, sexual assault, and large-scale financial fraud, forensic experts are required to visit the crime scene, collect evidence, and provide detailed reports. This practice not only strengthens the evidentiary base but also enhances the credibility of the investigation process.

Download Link for Bharatiya Sakshya Adhiniyam – Click Here.

Impact on the Criminal Justice System

The introduction of the Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita, and Bharatiya Sakshya Adhiniyam in 2023 is expected to have a profound impact on India’s criminal justice system. These reforms are designed to enhance efficiency, improve conviction rates, and ensure the protection of citizens’ rights.

  • Improving Conviction Rates

One of the primary goals of the new laws is to improve conviction rates by making the legal process more efficient and reliable. The integration of digital and forensic evidence plays a crucial role in this regard. By providing clear guidelines for the collection and presentation of electronic records, the new laws ensure that such evidence is admissible and credible in court. This is particularly important in cases involving cybercrimes and financial frauds, where digital evidence is often pivotal.

  • Use of Scientific and Forensic Evidence

The mandatory involvement of forensic teams in serious crimes, as stipulated by the Bharatiya Sakshya Adhiniyam, is expected to significantly enhance the quality of investigations. Forensic experts can provide critical insights that help establish the facts of a case, reducing the likelihood of wrongful convictions and ensuring that justice is served. For example, the use of DNA evidence has been instrumental in solving cold cases and exonerating the innocent, as seen in numerous instances worldwide.

  • Mobile Forensic Labs and Quick Analysis

To further bolster the use of forensic evidence, the government has introduced mobile forensic labs that can quickly reach crime scenes and provide timely analysis. These labs are equipped with the latest technology to perform on-the-spot testing and analysis, reducing the time taken to process evidence and improving the overall efficiency of the criminal justice system. This initiative has been successfully implemented in several states, leading to faster resolution of cases and higher conviction rates.

Protecting Citizens’ Rights With The New Criminal Laws

The new laws also place a strong emphasis on protecting the rights of citizens, particularly victims of crime. The Bharatiya Nyaya Sanhita includes provisions for victim compensation and support, ensuring that victims receive the necessary assistance and justice. Additionally, the laws mandate transparency and accountability in law enforcement, with measures such as videography of search and seizure operations and digital tracking of cases.

  • Victims’ Rights and Protection Measures

For instance, the new provisions for victim compensation are designed to provide financial support and rehabilitation to victims of serious crimes. This is a significant step towards recognising the impact of crime on victims and ensuring that they receive the necessary resources to rebuild their lives. The law also includes measures to protect witnesses, such as anonymity and protection programs, to ensure that they can testify without fear of retaliation.

  • Transparency and Accountability in Law Enforcement

The use of body cameras and videography in police operations is another crucial aspect of the new laws. These measures are intended to increase transparency and accountability, reducing instances of misconduct and abuse of power by law enforcement officers. For example, studies in countries where body cameras have been implemented have shown a reduction in complaints against police officers and an increase in public trust.

Legal Considerations With The New Criminal Laws

The introduction of the new criminal laws in India brings about several legal and ethical considerations that must be addressed to ensure a fair and just implementation. These considerations revolve around balancing modernisation with tradition, protecting privacy and human rights, and ensuring non-discriminatory practices.

  • Balancing Modernisation with Tradition

The new laws aim to modernise India’s criminal justice system by incorporating contemporary legal standards and technological advancements. However, this modernisation must be balanced with respect for traditional values and practices that are deeply rooted in Indian society.

  • Addressing Colonial Influences

One of the primary motivations behind the new laws is to remove the colonial legacy embedded in the IPC, CrPC, and Indian Evidence Act. These laws, established during British rule, often reflected colonial interests rather than the needs of Indian society. By redefining and updating these laws, India seeks to create a legal framework that is more aligned with its democratic values and cultural context.

  • Adapting to Contemporary Legal Standards

While addressing colonial influences, it is crucial that the new laws also align with contemporary global legal standards. This includes adopting best practices from other jurisdictions and ensuring that the laws are adaptable to future changes. For example, the inclusion of digital evidence and cybercrime provisions brings India’s legal framework in line with international standards, ensuring better cooperation and understanding in transnational crime investigations.

Privacy and Human Rights Issues

  1. Concerns over Digital Privacy
    The new laws’ emphasis on digital evidence and e-governance raises significant concerns about digital privacy. While the use of technology can enhance efficiency and transparency, it also poses risks to individuals’ privacy rights. Ensuring that digital records are protected from unauthorised access and misuse is critical. The laws include provisions for data protection and cybersecurity measures to address these concerns, but their effective implementation will be crucial.
  2. Ensuring Non-discriminatory Practices
    Another ethical consideration is ensuring that the new laws are applied uniformly and without discrimination. This includes protecting the rights of marginalised and vulnerable groups who might be disproportionately affected by law enforcement practices. For example, the mandatory videography of police operations aims to increase accountability and reduce instances of discrimination and abuse by law enforcement officers.

Implementation Of New Indian Criminal Laws

Training and Capacity Building

A critical component of the successful implementation of the new laws is the training and capacity building of law enforcement officers, judicial personnel, and other stakeholders. The government has already initiated extensive training programmes, with over 5.65 lakh officials being trained to handle the new legal provisions and procedural changes​​. Continuous education and skill development will be essential to keep pace with evolving legal standards and technological advancements.

Public Awareness Campaigns

Public awareness campaigns are crucial to ensure that citizens are informed about their rights and responsibilities under the new laws. These campaigns can help build public trust and cooperation with law enforcement agencies. Effective communication strategies, including social media outreach, community workshops, and educational programmes, will play a vital role in disseminating information about the new legal framework.

Addressing Potential Hurdles

Resistance to Change

One of the significant challenges in implementing the new laws is overcoming resistance to change. This resistance can stem from various quarters, including law enforcement agencies accustomed to old procedures, legal professionals wary of new practices, and the general public’s scepticism towards new regulations. Addressing this resistance requires a combination of incentives, continuous education, and demonstrating the benefits of the new system through successful case studies and pilot projects.

Monitoring and Evaluation Mechanisms

To ensure that the new laws achieve their intended objectives, robust monitoring and evaluation mechanisms must be put in place. This includes setting up independent bodies to oversee the implementation process, regular audits, and feedback systems to identify and rectify issues promptly. Data-driven approaches can help in assessing the impact of the reforms and making necessary adjustments.

FAQs around the new Indian criminal laws 2024

India’s new criminal law, introduced in 2023, includes the Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita, and Bharatiya Sakshya Adhiniyam. These laws replace the Indian Penal Code (IPC), Criminal Procedure Code (CrPC), and Indian Evidence Act, respectively, to modernise and streamline the criminal justice system, enhancing efficiency, transparency, and alignment with contemporary needs.

India’s new criminal laws, effective July 1, 2024, include the Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita, and Bharatiya Sakshya Adhiniyam, which replace the IPC, CrPC, and Indian Evidence Act, respectively, to modernise and streamline the criminal justice system.

The Bharatiya Nyaya Sanhita replaces the Indian Penal Code (IPC) and introduces updated legal provisions, including stricter penalties for gender-based crimes and new sections for cybercrimes and financial frauds, aiming to modernise and streamline India’s criminal law.

The three new criminal laws are the Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita, and Bharatiya Sakshya Adhiniyam, replacing the IPC, CrPC, and Indian Evidence Act​.

The new law replacing the IPC is the Bharatiya Nyaya Sanhita.

The new criminal justice law is the Bharatiya Nyaya Sanhita, replacing the Indian Penal Code (IPC)​.

By Abhinandan, ago
Product Updates Blog | June

What’s New at AuthBridge | June Exciting Product Updates

Here we are again with another month of exciting advancements. 

We’re constantly pushing the boundaries of identity verification and risk management technology, and we’re thrilled to share the latest updates designed to empower your business.

In this blog, we’ll delve into the details of our new features, functionality enhancements, and platform integrations – all meticulously crafted to elevate your user experience and streamline your workflows. 

SignDrive

  • Auto Signing Feature: Now the signing process is made much faster and seamless! Once a signer clicks on the Signing tag, then all other signature tags get automatically filled and the journey ends. This leads to better user experience and especially in cases of blue-collar workers who ain’t that tech-friendly this feature helps in reducing drop-offs. The auto-signing feature will simplify the signing process, reducing the risk of errors or confusion, and eliminating the need to repetitively add signatures – making the process faster.

  • Configurable Consent Box: E-signatures often require signers to acknowledge their consent to terms and conditions. The configurable consent box enhances this by allowing customization to better suit specific situations. The consent can be customised to reflect the specific agreement or contract being signed. This ensures clarity and offers greater transparency and flexibility in the e-signing process.

  • Vernacular Texts: Multilingual capabilities are becoming increasingly important in e-signatures. With vernacular texts, we offer multiple language support where the e-signature interface and signing journey can be displayed in various languages, catering to a wider audience.

This feature allows for more regional accessibility to users in different regions by providing instructions and prompts in their native language. Not only it will cater to a global audience, but will also ensure a smooth signing experience for everyone involved.

iBridge

  • Insufficiency Tracker: In the advanced iBridge dashboard, you can easily track information insufficiencies. You get real-time updates on all pending verifications, and you can slice and dice the data any way you need. With full visibility and control, clients can now easily track where the holdups are and address them immediately.

This will make the onboarding much more seamless than ever. Not only this, clients can schedule a tracker to get live status updates straight to their inboxes. This way, they don’t have to manually check the status and stay always in the loop without any extra effort.

OnboardX

  • Separate Watchlist for High-Risk Vendors: Now clients can create different watchlists to categorize vendors based on the severity of their risk profile. These watchlists in the OnboardX dashboard can be constantly updated with new details.

A separate watchlist for high-risk vendors allows organizations to manage risk more effectively during the onboarding and contract creation process. By tailoring contract terms and due diligence practices to the specific risk profile of each vendor, organizations can minimize the potential for negative consequences.

This new feature of creating watchlists can trigger a more thorough due diligence process for high-risk vendors, including financial checks, references, and other assessments. Clients can now clearly define performance expectations, response times, and detailed service level agreements for non-compliance.

TruthScreen

  • Mega PAN: Mega PAN goes beyond just verifying the PAN itself. It can potentially streamline verification processes by offering a one-stop solution for comprehensive PAN details.

It checks the PAN holder’s name, father’s name, and mobile number against the Universal Account Number (UAN). This multi-point verification provides a more robust picture of the PAN’s authenticity.

The verification provides a larger set of details compared to a basic PAN check. 

This includes:

  • Name
  • Father’s name (matches PAN data)
  • Email address (if available)
  • Phone number (matches mobile number against UAN)
  • Date of birth
  • Gender
  • PAN category
  • Masked Aadhaar number (partial Aadhaar for privacy)
  • Whether Aadhaar is linked to PAN
  • UAN (if applicable)
  • Address

With this wider range of data points being verified, clients can be more confident about the legitimacy of the PAN holder and the information they provide. This can be particularly important for financial transactions or other sensitive interactions.

By Mansi, ago
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