Economic Survey: DPI brings down KYC costs to Rs 6 from about Rs 1,000

Digital Public Infrastructure (DPI) blocks such as Aadhaar have drastically reduced operational costs for processes like electronic Know Your Customer (e-KYC) from Rs 1,000 to less than Rs 6, data from the Economic Survey shows.

The steep reduction in price comes with the expansion of components of India Stack such as the identity layer, payment layer, and the data governance layer, with Aadhaar improving authentication processes in the country.