How to get digitally savvy and financially secure by using Digilocker
Hello, dear readers! How many among us have faced this moment?
The moment when you can’t recall where that important document is. I, for one, was in that moment—actually, many moments.
It is not that I forget things. My spouse reminds me of my trait of digging up incidents from the past to make a point.
Jokes aside, there have been times like not finding my license or an insurance policy certificate or something like that.
That's where DigiLocker comes in—a tool designed to revolutionize how we manage our personal documents and financial planning.
So, without further ado, let's dive into the nuts and bolts of DigiLocker.
What is DigiLocker?
DigiLocker is a cloud-based digital wallet developed by the Ministry of Electronics & IT as part of the Central Government's Digital India Initiative.
It allows you to store digital versions of all your government-issued documents like Aadhaar cards, driving licenses, PAN cards, school and college mark sheets, passports, and more.
The best part?
It's available for both Android and iOS devices, and it's absolutely free.
Key Features
- Accessibility: Access your documents anytime, anywhere.
- Authenticity: Documents are issued directly by registered issuers, such as the Registrar's Office, Income Tax Department, and CBSE.
- User-Friendly Interface: Designed for ease of use, navigating the app is a breeze.
A Game-Changer for Financial Planning
Imagine this—you're about to make a significant financial transaction and must present multiple identification documents.
Instead of scrambling to find physical copies, you can pull them up on your DigiLocker app.
How's that for convenience?
Secure Your Financial Future
DigiLocker plays a pivotal role in your journey toward financial independence and stability.
Store your investment papers, tax return documents, and other financial credentials securely in one place.
Verifications Made Easy
Say goodbye to cumbersome verification processes. With DigiLocker, you can e-verify your documents with a few taps on your smartphone, streamlining any transaction or application process.
Empowering Digital India and E-Governance
DigiLocker is more than a digital storage solution; it's a vital component of the Digital India initiative and e-governance.
You're contributing to a more sustainable and efficient system by enabling paperless transactions and reducing your digital footprint.
Wide acceptance
Although it encountered some hurdles related to user engagement at the outset, the platform began to gain traction thanks to the government's sustained push for digital transformation.
Over 15 crore individuals have registered on DigiLocker, which now hosts an impressive collection of more than 5.6 billion e-documents.
The platform supports diverse digital files and collaborates with more than 2,300 issuing entities, ranging from government agencies to educational institutions.
Additionally, DigiLocker has participation from over 166 certified requesters, encompassing a variety of service providers like banks, insurance firms, and other governmental bodies.
Getting Better
DigiLocker's evolution is far from over, with many ongoing initiatives to further enrich user experience and empowerment.
Among its current ventures are introducing a nominee feature and launching the "MeriPehchaan" service, designed to offer a National Single Sign-On solution for both users and service providers.
A Health Locker has already been rolled out, while a Family Locker is in the pipeline, currently in its design and development phase.
How You Can Get Started
Ready to unlock your digital and financial potential? Here's how you can get started:
- Download the App: Available for both Android and iOS.
- Signup: You'll need an Aadhaar number to sign up.
- Upload and Verify: Scan and upload your documents, then verify them for authenticity.
- Start Sharing and Verifying: Use your stored documents to facilitate various transactions and verifications.
Digital Safety
To safeguard user data, DigiLocker employs sophisticated security measures.
It has a two-factor authentication system to confirm user identity, ensuring only authorised individuals can access the stored documents.
Furthermore, the platform employs encryption techniques to shield these documents from unauthorized access.
KYC Verification
DigiLocker is a dependable and secure platform for housing and distributing essential identity validation documents, including those needed for KYC procedures.
The Prevention of Money Laundering Act mandates that financial entities gather and authenticate the identity papers of clients before offering financial services.
As more transactions get online, many organisations, including financial entities, are increasingly adopting DigiLocker for issuing and verifying certificates.
Safety and Savings
By making the smart choice to use this free, user-friendly service, you're taking a giant leap toward a more organized and secure future.
You don’t have to be worried about the physical safety of your documents, which can be digitally accessed.
More importantly, you are also being financially sensible by cutting down on time.
After all, time is the most valuable asset available to all of us.