Can Aadhaar be linked with bank accounts? SC to decide

The RBI on Saturday said linking of Aadhaar with bank accounts is mandated under the Prevention of Money-laundering Second Amendment Rules 2017

After an RTI reply claimed that the linking of Aadhaar and bank account was not mandatory, the Reserve Bank of India (RBI) has provided a clarification saying that such linking is in fact mandatory as per the prevention of money laundering rules.

"(RBI) has not issued any instruction so far regarding mandatory linking of Aadhaar number with bank accounts".

Reports in media were doing the rounds which stated that it is not mandatory for the Aadhar card to be linked with bank accounts but RBI has made an official statement over it. Sources in banks said some customers have been holding out on linking their accounts with Aadhaar, waiting for the Supreme Court verdict on the legality of the government order. The reports were based on an RTI application which was filed by a news website.

In June, the Centre had issued a notification that said if a bank account holder failed to link the Aadhaar number by December 31, the account would be frozen until the information was provided to the bank.

India v New Zealand, Pre-series: Combined ODI XI
Ashwin and Ravindra Jadeja , India's premier spin bowlers, for the remaining limited-overs home season. Add to this the travel days and training and it is easy to see why the team has hardly got a breather.

The Reserve Bank of India on Saturday clarified that linkage of Aadhaar number to bank account is mandatory.

The RBI also said that it never issued any such directions and it was the decision of the Central Government to link them. Small accounts can still be opened without the Aadhaar cards. It said in a statement the requirement remained in force under anti-money laundering rules.

The All India Bank Employees Association (AIBEA) has raised their voice against instructions given by some of the banks to designate certain branches as special cells for enrolment of Aadhaar.

Earlier in the 2017 budget itself, the Central Government had mandated the linkage of Aadhaar with PAN (Permanent Account Number) to prevent people from using more than one PAN to avoid paying tax. Telecom service providers too have been alerting their customers to link their mobile numbers with their Aadhaar numbers by February 6, 2018, citing a circular issued by the Department of Telecom (DoT).

Related news:

Hot News

isis-killer-beheading-video-story-top Garbine Muguruza: 'I take every point as a final'
Oct 23, 2017 - 05:52
But I just wasn't sure about how I'm going to feel, if nervous or not, because still we are the first match on. I'm happy that I got it in the past, and now I'm not that nervous or obsessed.

isis-killer-beheading-video-story-top Kanye West and Kim Kardashian Targeted by Car Thief
Oct 23, 2017 - 05:50
The suspect is also alleged to have tried his luck at the home of Kim and Kanye's next door neighbor Kathy Griffin . Kanye West and Kim Kardashian have reportedly been hit by another thief.

isis-killer-beheading-video-story-top Apple is being sued over iPhone X's new 'Animoji' feature
Oct 22, 2017 - 03:04
According to the lawsuit, Apple sought to cancel Bonansea's trademark based on his company not existing at the time it was filed. This feature lets user choose a particular Emoji and it will turn this emoji into real life expression as per your choice.

isis-killer-beheading-video-story-top George W Bush speaks out against Donald Trump 'bigotry'
Oct 22, 2017 - 03:04
Former White House chief strategist Steve Bannon says the USA has never seen a more destructive president than George W. A spokesman for Bush told The Hill the speech was "long-planned" and not a critique of Trump.

isis-killer-beheading-video-story-top Liam Payne's "Bedroom Floor" Fails To Make Fans Happy
Oct 22, 2017 - 03:03
Since then, Cheryl has been revelling in parenthood, spending time at home with Bear while carefully plotting her comeback. Liam confirmed it was her favourite track during an interview with Nick Grimshaw on BBC Radio 1 .

isis-killer-beheading-video-story-top Uranus will be visible to the naked eye tonight
Oct 22, 2017 - 02:55
For those stargazers who've put a little money into their hobby, the Uranus visitation gets even more exciting. As you can imagine, thousands of tweets were posted with jokes about being able to see the planet Uranus.

isis-killer-beheading-video-story-top Vermont unemployment rate falls again, now 2.9 percent
Oct 22, 2017 - 01:53
Most of Colorado's metropolitan statistical areas had their unemployment rates unchanged from August to September. The biggest gains were made in Trade, Transportation and Utilities, and Leisure and Hospitality.

isis-killer-beheading-video-story-top Gold Star father: Trump Was Respectful
Oct 21, 2017 - 01:13
Later Wednesday, the White House confirmed the president's call and gift, insisting "the check has been sent", the Post noted. When asked about the account, White House spokesperson Lindsay Walters refused to comment specifically on Baldridge's story.

isis-killer-beheading-video-story-top LJ Scott solves license issue, will play vs
Oct 21, 2017 - 01:09
Scott, a junior running back, was arrested on Wednesday in East Lansing for driving on a suspended license , court records showed. In March, Scott was pulled over by Michigan State University Police and charged with driving on a suspended license.

isis-killer-beheading-video-story-top Insane bids for Amazon headquarters location
Oct 21, 2017 - 01:09
They donated it to the Arizona-Sonara Desert Museum saying "unfortunately we can't accept gifts, even really cool ones". In addition to housing, Toronto's bid takes step to address another baked-in problem: a shortage of tech talent.

isis-killer-beheading-video-story-top Playboy Makes History With First-Ever Transgender Playmate!
Oct 21, 2017 - 01:07
I thought, 'Am I truly going to be a Playmate-me?' It's the most excellent compliment I've ever gotten. Cooper Hefner , Hugh's son and an executive at the magazine, also tweeted a defense of the spread.

isis-killer-beheading-video-story-top Happy Diwali! What you need to know about the festival of lights
Oct 21, 2017 - 01:05
The Swami Narayan Seva Garba Mandal president said that Diwali marks Lord Rama's homecoming and subsequent crowning. The Sen Times extends its warm greetings and good wishes to its viewers on the auspicious occasion of Diwali .

isis-killer-beheading-video-story-top Watch the powerful weather bomb slam into United Kingdom and Ireland
Oct 21, 2017 - 01:02
A Met Office meteorologist, Craig Snell, said people should beware of venturing outdoors onto coastal walkways over the weekend. As Storm Brian continues its approach to Ireland, Kilkenny is braced for strong winds and rain over the next couple of days.

isis-killer-beheading-video-story-top Germany has less flying insects than 27 years ago
Oct 21, 2017 - 01:01
The researchers discovered an average decline of 76 percent in the total insect mass. The exact causes of the decline are still unclear.

isis-killer-beheading-video-story-top Singapore prime minister warns that North Korea issue is 'different this time'
Oct 21, 2017 - 01:00
Pompeo says the USA ought to behave as if North Korea is on the cusp of having the capability to launch a nuclear attack. Most people believe the greatest threat to the USA is from North Korea , followed by Isis and Russian Federation .