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Skip bank queues: Govt urges pensioners to submit digital life certificate from home using face scan | How it helps
Mint 1 hr ago·4 Nov 2026, 4:52 pm
The government has launched a scheme that lets pensioners create a digital life certificate from their smartphones using facial‑recognition technology. By scanning their face, seniors can certify that they are alive and eligible for pension payments without visiting a bank branch or relying on a third party.
For investors, the move could lower the volume of routine foot traffic at bank branches, trimming the cost of manual verification and freeing staff to focus on higher‑margin services. It also signals a broader push toward digital onboarding, which may benefit fintech firms that provide identity‑verification platforms.
Going forward, market participants will watch how quickly pensioners adopt the app, whether banks roll out complementary digital services, and if any data‑privacy or regulatory issues arise that could affect the rollout.
Excerpt from Mint
With face authentication technology, pensioners can generate their digital life certificates using smartphones from the comfort of their homes. This eliminates the need to depend on others or visit bank branches for routine pension verification. The Centre has urged pensioners across the country to adopt digital life…Read the original at Mint
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