CAMS gets nod for using Aadhaar based eKYC services as Central Record Keeping Agency

A notification in this regard has been issued in the Gazette of India.

Oct 06, 2021 03:10 IST India Infoline News Service

Computer Age Management Services has informed to the exchange that the company has received a communication from Pension Fund Regulatory & Development Authority (PFRDA) on October 05, 2021 informing that the Department of Revenue has permitted the company as a Central Record Keeping Agency (“CRA”) to use Aadhaar based eKYC services as Authentication User Agency (“AUA”) for National Pension Scheme (NPS).

The company said in a regulatory filing that a notification in this regard has been issued in the Gazette of India and this will entail the company to undertake Aadhaar Authentication service of Unique Identification Authority of India under section 11A of the Prevention of Money Laundering Act, 2002.

On Wednesday, Computer Age Management Services ended at Rs3,117.50 per piece up by Rs9.6 or 0.31% on Sensex. The current market cap of the company is Rs15,174.48cr.

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