NEW DELHI: The central government told the Supreme Court on Monday that it was willing to extend up to March 31 next year the deadline to link Aadhaar with various schemes and services, including bank accounts and phone numbers.
The current deadlines for linking of bank accounts and mobile phone numbers with Aadhaar, are December 31 this year and February 6, 2018 respectively.
Posted in Banking, NATIONAL NEWS, New Schemes, Technology
Tagged aadhar, atorney general of india, biometric, central government, entended date, govt., id proof, last date, link of aadhar with services, mandatory, supreme court of india
MUMBAI : The Reserve Bank of India (RBI) on Saturday clarified that linking bank account to Aadhaar number is mandatory under the Prevention of Money Laundering Act, dismissing media reports suggesting that such a linkage is not mandatory. Continue reading
Posted in Banking, Crime and Corruption, NATIONAL NEWS, Technology
Tagged aadhar, bank account, banking, corruption, mandatory link, mobile number, money laundering bill, RBI
NEWDELHI: Bank accounts that are not linked to Aadhaar will be frozen and no new accounts can be opened without the 12-digit biometric identity number after December 31, according to new government rules.
Aadhaar cards along with Permanent Account Numbers (PAN) or Form 60 for those outside the tax net will also be mandatory from now on for transactions above ~50,000. Those who don’t have the documents will have to prove they have applied for them.
The latest regulations, issued by the revenue department on June 1, come as amendments to rules related to the anti-money laundering law that the government is seeking to tighten to fight black money and terror funding.