Why Linking Your Bank Account with Aadhaar is Mandatory?
Aadhaar Card has been made an essential entity in our day to day life and the Government of India is especially focusing on linking important elements like Pan Card, Sim Card, Bank Account etc. with the Aadhaar Card. As per the recent announcement, Government has directed the people of India to link their Bank Account with Aadhaar Card. Here is all the relevant information that one must know about the linking and its procedure to Bank Account. Turns out you have to link your bank account with Aadhaar after all. The Reserve Bank of India has stepped in to strike down news reports that claimed, quoting an RTI reply, it was not necessary to link the 12-digit biometric identification number with bank accounts, saying the directive remained in force under anti-money laundering rules. So, the December 31 deadline stays put for now. "The Reserve Bank clarifies that, in applicable cases, linkage of Aadhaar number...