Starting December 1, 2023, India is set to implement new SIM card regulations aimed at enhancing security measures and curbing online financial fraud. Initially scheduled for August 1, the Department of Telecommunication (DoT) deferred the rollout of these regulations. The primary focus of these changes is to combat online financial fraud effectively.
Key modifications:
Enrollment for Telecom Operators:
Telecom operators are mandated to register their franchisees, point-of-sale (PoS) agents, and distributors. This registration requirement aims to prevent unauthorized issuance of SIM cards by PoS agents and deter illicit activities. Registration involves a formal agreement with licensees. Failure to comply with the new regulations could lead to termination and a three-year blacklisting. Existing PoS agents have a 12-month window to complete the registration process.
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Curbing Aadhaar Misuse:
To combat the rampant misuse of printed Aadhaar, capturing demographic details through scanning the QR code on the printed Aadhaar becomes compulsory. In case of mobile number disconnection, a 90-day cooling-off period will be provided.
Mandatory Digital Know Your Customer (e-KYC):
The upcoming regulations effective from December 1 make Digital Know Your Customer (KYC) mandatory for all SIM users, streamlining the digital verification process.
Discontinuation of Bulk Connections:
In a bid to thwart fraudulent activities by SIM dealers, the government has discontinued the issuance of bulk connections. Ashwini Vaishnav emphasized earlier, stating, “Mandatory authentication of SIM dealers aims to combat fraud. Dealers found breaching the norms will face a penalty of Rs 10 lakh.”
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