According to reports, banks had been given a target of logging 16 enrolments daily at 10% of their branches. From 1 July 2018, this has been reduced to eight a day, a report from Press Trust of India (PTI) says quoting a circular issued by the UIDAI. It also said that banks which achieve the fresh targets for July will not have to face “financial disincentives” up to that month.
"This target has to be met by banks in three phases. As per the circular, which has been seen by PTI, these targets will be raised to minimum of 12% per day per branch from 1 October 2018, and to 16 from January 2019. These numbers will be seen on a cumulative basis against the total target of the bank," the report says.
An official from the government also told PTI, “In case a bank fails to meet the target of carrying out minimum enrolment or updation per day per branch, financial disincentive in respect of uncovered branches as on last day of the month will be levied from July 2018 onward.