RBI Tightens KYC and Monitoring Norms for AePS Operators, New Framework Effective January 2026
In a move aimed at curbing identity fraud and enhancing security in Aadhaar-based banking transactions, the Reserve Bank of India (RBI) has introduced a fresh compliance framework for Aadhaar Enabled Payment System (AePS) operators. The new norms, issued via circular on 27 June 2025, will come into effect from 1 January 2026. Under the new…