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Aadhaar Virtual ID to be accepted from July. Here’s how to generate

With the Unique Identification Authority of India (UIDAI) mandating the implementation of Virtual ID from 1 July, the way financial institutions have been verifying information about customers is going to change.
Virtual ID is a 16-digit random number mapped with the Aadhaar number.There will only be one active and valid Virtual ID for an Aadhaar number at any given time.It can only be generated, replaced or revoked by the Aadhaar number holder.

How to generate Aadhaar Virtual ID?

Aadhaar number holders can generate Virtual ID from the UIDAI website, Aadhaar enrolment center or the mAadhaar app. All that the user needs to ensure is that their mobile phone number is linked with the Aadhaar database so that they can receive an OTP or one-time password to generate VID.

How to use Aadhaar Virtual ID?

The Virtual ID can be used for the purpose of authentication in the same way the Aadhaar number is used. As of now, when a customer has to authenticate himself/herself to avail financial services, he/she has to give the 12-digit Aadhaar number and an OTP that he/she receives on the mobile phone.
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Where to use Aadhaar Virtual ID?

All banks-commercial banks, payment banks, regional banks, rural banks, cooperative banks, small finance banks; life insurance companies and National Payments Corporation of India (NPCI) have been categorized as global AUAs whereas prepaid payment instruments (PPIs), non-bank financial institutions (NBFCs), telecom operators and non-life insurance companies are amongst those classified as local AUAs.This means that if you want to authenticate yourself to avail services of any of these local AUAs, you will have to use Aadhaar Virtual ID.Source

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