Customers would be required to fill up Aadhaar-based e-KYC forms to ensure true identity.
Supreme Court of India now wants to tackle this problem quickly.
JS Khehar, Chief Justice of India made the announcement previous week as an appeal brought to court.
Supreme court had given the government the period of one year to implement the new rule.
Aadhaar is Indias biometric identity program that stores citizens fingerprints and IRIS scans apart from other identity details.
Right now, there are over 1 billion Aadhar card holders in the country.
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