SIM Card Rule: –

SIM card regulations frequently change, and a recent update introduces new rules that could affect those looking to buy multiple SIM cards. The government has implemented a new regulation aimed at controlling the purchase of SIM cards, particularly to curb online fraud. Here’s a detailed breakdown of the new rule and how it impacts SIM card purchases.

New Regulation Details

The new rule has been set by the Telecom Department and imposes the following restrictions:

• Limit on Bulk Purchases: Private companies are now restricted from purchasing more than 100 SIM cards at once. They can buy up to 100 SIM cards in a single transaction. If a company needs more than 100 SIM cards, they must place a request and wait for approval to purchase additional cards.
• Purpose of the Rule: This regulation is part of the government’s effort to prevent online fraud. By limiting the number of SIM cards that can be purchased at one time, the government aims to reduce the misuse of SIM cards for fraudulent activities.

What’s New Under the Rule?

Here’s how the new process works:

• Bulk SIM Card Requests: If you need to buy a large number of SIM cards, you will be limited to 100 SIM cards per transaction. For any additional SIM cards, you will need to wait and make a new request the following day.
• Verification Requirements: To get a SIM card, you must provide complete information, including e-verification by both the Managing Director (MD) and the user. This means that the person receiving the SIM card must undergo a thorough verification process, including photo identification.
• E-Verification and KYC: Employees responsible for issuing SIM cards will handle e-verification. Only after successful verification and completion of the Know Your Customer (KYC) process will the SIM cards be activated and usable.

Previous Regulations

Before this new rule, there were no restrictions on the number of SIM cards private companies could buy. Companies could purchase as many SIM cards as they needed without any limits. However, the new rule now imposes a cap on purchases and requires additional verification to ensure the legitimate use of SIM cards.

• No Restriction Previously: Previously, private companies had no limits on SIM card purchases. They could buy unlimited SIM cards without additional checks.
• New Verification Process: The updated rules now include mandatory e-verification and KYC processes to ensure that SIM cards are issued responsibly and to prevent misuse.

Summary

The new regulation on SIM card purchases introduces significant changes:

• Purchase Limit: Private companies are restricted to buying a maximum of 100 SIM cards per transaction.
• Request for More Cards: To buy additional SIM cards, companies must request and wait for approval.
• Enhanced Verification: The process now includes e-verification by the MD and user, along with complete KYC checks.
• Impact on Use: SIM cards will only be activated after thorough verification and approval.

This new rule is designed to improve security and prevent fraud by regulating the bulk purchase and distribution of SIM cards.