That is the original purpose.
Daniel Jeffries

Well Indian banks are now requiring the Aadhar to be linked to your bank account — though this isn’t an RBI mandate. Ditto cell phone companies in India. I can see why this is happening, as fighting black money in India is a very real problem, as is combatting terrorism. That said I can also see how this evolves into a broad surveillance network, and susceptible to mega hacks.

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