What is DigiLocker and how to use it

All you need to know about managing your digital document storage through DigiLocker.
Personal Loan
3 min
22-April-2024

In today's digital age, managing important documents efficiently is crucial, especially when applying for financial services like personal loans. DigiLocker offers a convenient solution for individuals to store, manage, and share their documents securely online. In this article, we'll explore how you can utilise DigiLocker effectively, particularly when applying for a personal loan from Bajaj Finance.

What is DigiLocker

DigiLocker is an initiative by the Government of India that provides a digital platform for citizens to store, access, and share various documents and certificates electronically. It offers a secure and convenient way to store essential documents such as Aadhaar card, PAN card, driving license, vehicle registration certificate, academic certificates, and more.

How to use DigiLocker

Using DigiLocker is simple and user-friendly. Follow these steps to get started:

  1. Create DigiLocker Account: Visit the DigiLocker website or download the DigiLocker app from the Play Store/App Store. Sign up using your mobile number and authenticate it via OTP (One-Time Password).
  2. Link Aadhaar Card: Once registered, link your Aadhaar card to your DigiLocker account. This step is crucial as many organisations accept digitally signed Aadhaar documents for various services, including personal loan applications.
  3. Upload Documents: YYou can now upload your documents to your DigiLocker account. Scan or take photos of your important documents and upload them securely. DigiLocker provides 1 GB of storage space for each user.
  4. Access and Share: Once uploaded, you can access your documents anytime, anywhere using the DigiLocker app or website. You can also share these documents digitally with authorised agencies or individuals whenever required.

Documents you can save in DigiLocker

DigiLocker supports a wide range of documents, including but not limited to:

  • Aadhaar card
  • PAN card
  • Driving license
  • Vehicle registration certificate
  • Academic certificates
  • Property documents
  • Insurance policies
  • Bank statements
  • Income tax returns

How DigiLocker is useful while applying for a Bajaj Finance Personal Loan

When applying for a personal loan, lenders typically require various KYC (Know Your Customer) documents to verify the applicant's identity and assess their eligibility. DigiLocker simplifies this process in the following ways:

  1. Convenience: Instead of submitting physical copies of documents, applicants can provide digitally signed copies from their DigiLocker account, saving time and effort.
  2. Security: DigiLocker ensures the security and integrity of documents through encryption and digital signatures, reducing the risk of document tampering or fraud.
  3. Verification: Lenders can easily verify the authenticity of documents provided through DigiLocker using the built-in verification mechanism, streamlining the loan approval process.
  4. Eligibility Criteria: To be eligible for a personal loan, applicants must meet certain criteria such as age, income, employment status, and credit history. DigiLocker facilitates the submission of required documents, helping applicants fulfill these eligibility criteria more efficiently. Read the eligibility criteria and documents required for a personal loan from Bajaj Finance.

Why get a personal loan from Bajaj Finance?

Below are a few benefits of getting a personal loan from Bajaj Finance:

  1. Loan up to Rs. 40 lakh: Get a high value loan to finance all your big and small expenses.
  2. No collateral or guarantor required: You are under no need to furnish any collateral, including gold ornaments, property documents, or guarantees.
  3. Money in your account within 24 hours: Depending on the situation, you can receive a credit to your bank account the same day your loan is granted thanks to our easy loan application process.

Steps to create a DigiLocker account.

Here is a step-by-step guide:

  1. Visit the DigiLocker website: Go to the official DigiLocker website, which is https://digilocker.gov.in/.
  2. Click on "Sign Up": Look for the "Sign Up" or "Register" option on the homepage and click on it. This will initiate the account creation process.
  3. Enter your mobile number: You will be prompted to enter your mobile number. Make sure to enter a valid mobile number as you'll receive an OTP (One Time Password) on this number for verification purposes.
  4. Enter the OTP: Once you've entered your mobile number, click on "Continue" or a similar option. You will receive an OTP on the mobile number you provided. Enter this OTP in the space provided to verify your mobile number.
  5. Set your username and password: After mobile number verification, you'll be asked to set up your username and password for your DigiLocker account. Make sure to choose a strong password that includes a combination of letters, numbers, and special characters for security purposes.
  6. Enter your basic details: Once you've set up your username and password, you'll need to provide some basic details such as your name, date of birth, and email address. Fill in these details accurately.
  7. Agree to the terms and conditions: Review the terms and conditions of DigiLocker carefully and if you agree, tick the box indicating your acceptance.
  8. Click on "Sign Up" or "Create Account”: After filling in all the required information and agreeing to the terms and conditions, click on the "Sign Up" or "Create Account" button to complete the registration process.
  9. Verification: In some cases, additional verification steps may be required, such as verifying your Aadhaar card details. Follow the prompts to complete any additional verification steps if necessary.
  10. Account Activation: Once you've completed all the steps, your DigiLocker account will be created. You can now log in to DigiLocker using the username and password you set up during the registration process.

Add additional guide - How to do KYC in DigiLocker

Conclusion

In conclusion, DigiLocker is a valuable tool for individuals seeking financial assistance, such as personal loans. By storing and sharing documents digitally, DigiLocker simplifies the documentation process and enhances the overall loan application experience. Embrace the digital revolution and make your loan application hassle-free with DigiLocker.

Apply for our personal loan today

Disclaimer

While care is taken to update the information, products, and services included in or available on our website and related platforms/ websites, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/ service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/ service document and applicable terms and conditions. In case any inconsistencies are observed, please click on reach us.

*Terms and conditions apply

Frequently asked questions

What is the most appropriate information to store on DigiLocker?
The most appropriate information to store on DigiLocker includes identity proofs like Aadhaar card, PAN card, driving license, and educational certificates. These documents are commonly required for various official purposes and can be easily accessed and managed digitally.
How does security improve in DigiLocker documents?
Security in DigiLocker documents improves through encryption and authentication mechanisms. These measures ensure that only authorized users can access the documents, reducing the risk of unauthorized access and data breaches.
What is the procedure for registering on DigiLocker?

To register on DigiLocker, you need to visit the official website or download the mobile app. Then, you can sign up using your mobile number and Aadhaar number. After completing the registration process, you can start uploading and managing your documents.

What makes DigiLocker special?
DigiLocker is special because it provides a secure and convenient way to store and manage your documents digitally. It eliminates the need for physical copies, reduces the risk of loss or damage, and allows easy access to documents anytime, anywhere.
Can I send files via DigiLocker?
Yes, you can send files via DigiLocker. The platform allows you to share your documents with others through email or by generating a link. This feature makes it easy to share important documents securely with authorized individuals or organisations.
What are the benefits associated with the DigiLocker application?
The benefits associated with the DigiLocker application include secure storage of documents, easy access to documents anytime, anywhere, reduction in paperwork, and environmentally friendly digital document management. DigiLocker also promotes digital India initiatives and helps streamline government services.
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Disclaimer

While care is taken to update the information, products, and services included in or available on our website and related platforms/ websites, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/ service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/ service document and applicable terms and conditions. In case any inconsistencies are observed, please click on reach us.

*Terms and conditions apply