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Vol. XLVIII · No. 134 · Established 1978 · Founded by K.B. Ganapathy
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Aadhaar mandatory for opening bank accounts

New Delh: The Government has made Aadhaar mandatory for opening of bank accounts as well as for any financial transaction of Rs. 50,000 and above. Existing bank account holders have been asked…

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Published June 17, 2017 · 2 min read
aadhaar mandatory for opening

New Delh: The Government has made Aadhaar mandatory for opening of bank accounts as well as for any financial transaction of Rs. 50,000 and above.

Existing bank account holders have been asked to furnish the Aadhaar number issued by the Unique Identification Authority of India (UIDAI) by December 31, 2017, failing which the account will cease to be operational, according to a Revenue Department notification.

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