Punjab National Bank Balance Check | Via Missed Call, SMS & Online

Punjab National Bank (PNB) is an Indian multinational banking and financial services company. The bank was brought into being in 1894. It has over 80 million customers, 6,937 branches and 10681 ATMs across 764 cities.

The bank was started with the aim to provide the country with a true national bank which would dedicate itself to working towards the economic interest of the country and play a crucial role in ensuring the country’s growth and prosperity.

The bank also provides various products and services in order to cater to all the banking needs of its customers. Punjab National Bank (PNB) has now made the life of its customers a lot easier and convenient by introducing ‘Account Balance’ checking via various comfortable ways.

In this article we have listed out all the possible through which you can check your PNB account balance.

Ways to Check PNB Account Balance

There are various ways by which one can check Punjab National Bank account balance which are as follows:


PNB offers various banking services through SMS banking facility such as track transactions made using your debit card / credit card, receive an OTP (One Time Password) in order to authorize online transactions, request for a balance enquiry etc

You can opt for SMS banking by getting your mobile number registered at the nearest PNB branch. After that you will have to send a SMS from your phone to 5607040 with the required keyboard

In case of Balance Enquiry you should Type BAL 1928365XXXXXXXXX and send it to 5607040


You can also perform this task by calling to customer care, follow the below mentioned points for the same:

  • SMS Pattern: BAL <Space>16 digit account number” and send it to 5607040
  • You will receive a reply SMS from the bank that contains your account balance details
  • You can also get a Mini Statement by following this method i.e. MINSTMT <Space> 16 digit account number and send it to 5607040

There are many benefits of SMS banking such as:

  • You don’t even need a smart phone to avail the service.
  • You can track your account anywhere, anytime; round the clock
  • You can also detect any unauthorized access to your accounts

Via Missed Call

If you are a Punjab National Bank (PNB) customer, you can avail the missed call facility. For that all you have to do is register your mobile number with the bank.

To know you account balance you can give a missed call to toll – free number 1800 180 2223 and cut the call on your own and your account balance will be sent on your phone in seconds.

Also note that you will have to give missed call only from your registered mobile number.

There are many benefits of Punjab National Bank missed call facility which are as follows:

  • The call is free of cost; there are no charges applicable for the same
  • You can get last clear balance in the account
  • It is absolutely convenient, safe and secure way to get account balance

Via Internet Banking

Like many other major Indian banks, PNB also offers internet banking to its customers. Online banking is considered to be the most convenient way of banking as one can bank round the clock even from the convenient of their home. There are multiple benefits of internet banking; one of which is checking account balance.

Follow the below mentioned steps in order to check your account balance via internet:

  1. Log in to the official website of PNB www.pnbindia.in
  2. Enter User ID and Password
  3. After log in you will be taken to your account and there you can check your account balance

There are many benefits of Internet Banking which are as follows:

  • By banking through Internet Banking facility you can keep all your balance and transaction search history for future use
  • You can also get e – statements and statement preferences
  • Through Internet banking you can easily pay your bills, can transfer funds between accounts etc
  • It is also fast and efficient. You can transfer funds from one account to the other very fast.

Pradhan Mantri Jan Dhan Yojana (PMJDY)

Pradhan Mantri Jan Dhan Yojana(PMJDY) is a National Mission for financial inclusion (financial services at affordable costs to sections of disadvantaged and low-income segments of society) which offers easy access to banking services such as Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner to both urban and rural areas.
Pradhan Mantri Jan Dhan Yojana(PMJDY) was launched by the Honourable PM Narender Modi on August 28, 2014. As of April 5, 2017, nearly people 28.23 Crore enrolled in PMJDY scheme.
Earlier Financial Inclusion plan (Swabhimaan) focused on coverage of villages which are above 2000 population whereas, under Pradhan Mantri Jan Dhan Yojana (PMJDY), it is focusing on both rural and urban areas which in turn will tie every Indian whether from urban area or rural area to one systematic banking system.

Eligibility Criteria of opening a PMJDY account

Any individual who is above the age of 10 is eligible to open an account in PMJDY.
Aadhaar card holders (In case address has changed a self certification of current address is required). One who does not hold an Aadhaar Card / Aadhaar Number can submit the following documents:

  • Voter ID Card
  • Driving Licence
  • PAN Card
  • Passport
  • NREGA Card (Job Card Number)

Process of Enrolling in PMJDY

Visit the bank or institution authorized by Government for the enrolling procedure. In the designated bank or institution there is a desk for PMJDY account, where an official sit to help enrolling known as Bank Mitra. The Bank Mitra will provide a form, which needs to be filled with correct details and submit it with required documents.

Benefits of PMJDY

Accidental Insurance Cover – Under PMJDY one is getting an accidental insurance cover along with a bank account. Usually people have to purchase insurance cover themselves, but under this scheme one gets it complementary. The scheme offers a life cover of Rs. 30,000 to customers who comply with certain norms of the scheme and offers Rs. 2,00,000 as insurance sum in the event of death due to accident.

Zero Balance Required – Usually opening a bank account, it is compulsory to maintain a minimum balance in the account. Moreover, in private banks to open an account the minimum balance is even higher. Whereas in PMJDY no such amount is required. It can be opened and maintain in 0 balance.

Direct Transfer of Subsidies – Earlier the subsidies were available under Government schemes like LPG Subsidies; under PMJDY one can receive the subsidy directly to their bank accounts.

Mobile Banking – Mobile banking came into existence much before and it is widely used by the customers from private and public banks. However, keeping the lower section in mind PMJDY offering mobile banking service via ordinary mobile phone unlike smart phones. This will ensure that even the rural and unorganized sector of the society can avail the benefits of convenient banking.

Overdraft Facility – One of the most beneficial facilities is overdraft facility (In this facility the account holder is allowed withdraw more than they have in their account, without exceeding a specified maximum negative balance). This facility is available after successful completion of 6 months of the PMJDY.

Loan Benefits – A person who successfully completed 6 months with PMJDY is eligible to avail a loan of up to Rs. 5000. The loan amount seems insignificant if compared to the other public and private banks, but keeping the weaker section in mind this loan is quite substantial to them.

Cheque Book Facility – The account holders will be provided with cheque books. [To acquire cheque book, a minimum balance is required]

Debit Card Facility – Under the scheme every account holder will get a RuPay Debit Card, to give people easy access to their money. This card is acceptable to all the ATMs and POS machines ( PoS stands for Point of Sale. PoS Machine is a small device installed at almost all Business Centres to facilitate cashless purchases to their customers) in the country. It also provides accidental insurance cover upto Rs.1.00 lac without any charge to the customer.

Pension Scheme – Holding a Jan Dhan account will provide an easy access to pension scheme which will help in old age income.

To know more about PMJDY please visit the official site at https://pmjdy.gov.in/

Basic Savings Bank Deposit Account (BSBDA)

BSBDA account also known as zero Savings Account defined under the Reserve Bank of India circular dated 10.8.2012.
Features of BSBDA Account are:

  • It requires no minimum balance
  • Services available under the accounts such as withdrawal and deposits from the branches or from the ATMs
  • Maximum of 4 withdrawals are permitted in a month whereas, no such limitations on deposits
  • ATM or Debit Cards facilities are available under this account
  • No extra cost is required to avail the facilities.

In a Nutshell, The main objective of Pradhan Mantri Jan Dhan Yojana (PMJDY) is to ensure easy access to Financial Service in affordable manner to the economical section of the society. These are zero account balance which means no minimum amount is required to maintain. Except those who want to acquire cheque book, they have to maintain the minimum balance criteria.
Opening an account under PMJDY scheme will require few documents. Those who don’t possess all the documents can still open a small account. The validity of small accounts is normally for the period of 12 months.
A Basic Savings Bank Deposit Account or (BSBDA) are also known as Zero Account by the RBI, includes services such as deposit and withdrawal of cash.
Benefits under the Jan Dhan account is interest on deposits, insurance cover (1 lakh), life cover (30,000) subject to fulfillment of eligibility.
The account holders are eligible for Direct Subsidy Transfer under which the government transfers subsidies directly to the people.
An overdraft facility is also available after the successful completion of 6 months.
Rupay Debit Card introduced by National Payment Corporation of India (NPCI) is accepted in all the ATMs and POS machines in the country.

How To Calculate and Pay Advance Tax

An advance tax is a tax that is payable on total income of the year earned from different sources including your salary, business profession, rent etc during the financial year. This tax has to be paid by the end of the year. The advance tax is payable if the tax liability exceeds Rs 10,000 in a financial year.

The advance is applicable for a person if he/she has other sources of income other than the salary. If one is earning through the capital gains, interests on investments, house property, lottery or business. Any rebate due to attracts an interest rate of 0.5 percent of every month and six percent annually in case of the income tax refund. A fine of one percent every month and 12 percent every year if you do not pay your advance tax on time.

Who needs to File For Advance Tax?

Advance Tax is not applicable for Salaried Class i.e. they need not pay the advance tax because they are already paying tax at source. The employer deducts the tax at source from his/her salary. If in case the person is earning money from other sources then he/she has to pay or file an advance tax.

Some of the income sources that can attract Advance Tax

  • Income received through capital gains on shares
  • Interests earned on fixed deposits
  • Winnings earned from the lottery.
  • Rent or income earned from the house property.

Salaried, Freelancers or Businessman- If your tax liability is more than Rs 10,000 in a financial year and you are not getting the income tax deducted at source then you need to pay an Advance Tax. Senior citizens who are above 60 years of age, and do not run any business are exempted from paying this tax.

Presumptive Business- If the business income assumes to be 8% of turnover then they are exempted from the tax. This was applicable for 2014-15 and 2015-16 taxable year.

Presumptive Business for 2016-17- Starting financial year tax payers who opt for the presumptive scheme have to pay a whole amount of their advance tax in one installment on or before 15th March. The businesses with the turnover of Rs 2 Crores or less can opt for this scheme.

For Financial Year 2016-17- this scheme has been extended to professionals such as doctors, professors, lawyers, architects etc if their total income is 50 Lakhs or less than such types of tax payers have to pay tax on the quarterly basis that is quarterly installments.

When to File For Advance Tax

The Advance Tax or the self-assessment tax have to be paid on 15th September, December, and March in installments of 30% and 40% respectively. This scheme is applicable for the non-corporate. Whereas, the corporate need to pay their advance tax on 15th June, December, and March.

How To Pay Advance Tax

There are two modes of paying

  1. You can pay through the tax payment challans at the bank branches which are specially authorized by the Income Tax Department. It can be deposited by the authorized banks such as ICICI Bank, Reserve Bank of India, State bank of India, HDFC Banks, Allahabad Banks and much more.
  2. Another mode of paying advance tax is by paying it online through the official websites of Income Tax Department and National Securities Depository.

Online Method of Paying Advance Tax

The Advance Tax Challan 280 allows people to pay their income tax online on the official website of Income Tax Department. The individual have to visit the official website and select the challan and fill in the form with required details and use it to pay the tax online. You can also make the payment offline by downloading the challan from the Income Tax Welcome and fill it and submit in the bank.

The online tax can be paid online. This online facility is provided by the Income Tax Department. Listed below are the steps how to make payment for the advance tax online.

  • Visit the official website: www.nsdl.co.in
  • Select the right challan to pay your advance tax.
  • Provide the form with the correct details. The information include right assessment year, address, phone number, e-mail address, bank name, captcha code and other important details.
  • Once you are done with the details filing, you are then redirected to the payments page. The bank offers the Net Banking mode. Make sure that you recheck the amount that is shown on the screen.
  • Next, you’ll get the details of the payment done including the challan number.
  • It is important to report your payment after you are done with the payment. You can do this by adding an additional entry under the paid tax page.

Late Payment of Advance Tax

If the individual forgets to pay the advance tax before the deadline, then he will be charged with the interest. The individual will be charged at 1% on the defaulted amount every month until and unless the tax is paid off completely. The same interest penalty is applicable if the tax is not paid during the second and third deadline.

Calculating Advance Tax

An individual can calculate the advance tax on their own. Below listed are the steps where you can calculate the advance tax

Determine the income- Determine the income you receive other than your salary. It is important to include any ongoing agreements that might pay out later.

Minus the expenses- Deduct the expenses from the income. You can deduct the expenses related to your work especially “freelancing” such as rent of the work, place, travel, expense, internet and phone costs.

Sum up the Income- Add other income like the payments you receive from rent, interest income etc.  Then deduct the TDS from your salaried income.

Total Resulted Advance Tax– If the tax amount exceeds to Rs 10,000 then you receive the total advance tax.

Advance Tax Schedule

Listed below is the advance tax schedule for the Financial Year. As per earlier advance tax and tax schedule-

Due Dates Estimated Income For the Whole Year Advance Tax Paid of the Estimated Income Advance tax payable on actual income Shortfall in advance tax payment  

Interest u/s 234C

By 15th of June Rs 1200000 0 0 0 0
By 15th of Sept Rs 1500000 84975 131325 46350 1400
By 15th of Dec Rs 1700000 207030 262650 55620 1700
By 15th of March Rs 200000 437750 437750 0 0
Total 3100

As per the New Advance Tax Schedule and Tax Laws for the Financial Year 2017-18-

Due Dates Estimated Income For the Whole Year Advance Tax Paid of the Estimated Income Advance tax payable on actual income Shortfall in advance tax payment  

Interest u/s 234C

By 15th of June Rs 1200000 28580 65660 37080 1100
By 15th of Sept Rs 1500000 127460 196990 69530 2100
By 15th of Dec Rs 1700000 258790 328310 69520 2100
By 15th of March Rs 200000 437750 437750 0 0
Total 5300

The amendment has increased from Rs 3100 to Rs 5300. That means there is a hike of 71% of the interest burden on the tax-payer.

Refund of Advance Tax

At the end of the year, if the Income Tax Department knows that you have paid more tax than you should have paid then the department will refund the extra amount. The taxpayers can claim their refund by filing and submitting a Form 30. The claim has to be done within a year period from the last year of the assessment year.

Form 30- It is a claim request where the excess tax paid is refunded. The claim request form must be submitted by the person by the end of the financial year. The request is accompanied by a return in the form.

Advance Tax Benefits

  • Helps in reducing the stress of the tax payers.
  • It boosts up the tax collection process.
  • It increases the Government Funds, as the Government can earn interest on the collected amount.
  • Advance Tax saves people from defaulting on their tax payments.
  • It manages the business as well as their finances and provides an idea of the income they have earned throughout the year.

UIDAI Official Website Intro – UIDAI Services Offered at uidai.gov.in

uidai.gov.in is the UIDAI Official Website. In order to ensure transparency, efficiency and good governance the government of India has introduced the Aadhaar act 2016. This act was also introduced to ensure targeted delivery of subsidies to the poor and weaker section of the society. The Aadhaar Act also made UIDAI as the implementation agency for allotting Unique Aadhaar Numbers to Residents of India. Keeping these goals in mind the government has made Aadhaar card mandatory in order to avail a number of government sponsored subsidies. Besides this Aadhaar is also used as a KYC document by a number of service providing companies like telecom companies, banks ,passport etc.

The Aadhaar Card not only acts as a address proof or but also identity proof. The data is collected by the Unique Identification Authority of India (UIDAI). Based on the biometric and demographic data provided by the individual, the Aadhaar number is issued which is a 12 digit unique number provided to every individual.

Various Facilities Provide By The UIDAI Official Website
Aadhaar Card Information Click Here
Check Aadhaar Card Status By Name Click Here
Update Aadhaar Card On SSUP Click Here
Aadhaar Card Correction Online Click Here
Change Aadhaar Card Address Without Mobile Number Click Here
Download Aadhaar Card By Enrolment ID  Click Here 
Download Aadhaar Card By Aadhaar Number Click Here
Download Aadhaar Card By Name & Date Of Birth Click Here
Link Aadhaar Card With PAN Card Click Here
Link Aadhaar Card With Bank Account Click Here
Link Aadhaar Card To Mobile Number via OTP Click Here

UIDAI Official Website Services

Various UIDAI Website Online Services

Show Enrolment Center Location – UIDAI

Rather than searching the the entire city or traveling miles for a Aadhaar center a person can simply visit the UIDAI Official Website to know the nearest enrolment center. Ways of searching the enrolment center.

  • First by state, if a person is traveling or not sure which enrollment center will be nearest to him or her or if in general a person wants to know the enrollment center in his state.
  • Second area wise, if a person knows his or her PIN code of an area then area wise enrollment center can be searched. However if a person does not know the area then he or she can.

UIDAI Enrollment Centre location Services
UIDAI Enrollment Center location Services

Show Aadhaar Authentication History

Unique Identification Authority of India or commonly known as UIDAI who administers Aadhaar has introduced the provision of checking where and when your Aadhaar card was used. Follow the below mentioned steps for the same:

  1. Visit Aadhaar authentication history page i.e. resident.uidai.gov.in/home
  2. Enter your Aadhaar number and the security code in the picture on your screen
  3. Select ‘Generate OTP’ (One Time Password)
  4. You will receive an OTP on your registered mobile phone number. Don’t forget to verify your number on the UIDAI Official Website
  5.  Now you will get an option to choose the period of information and the number of transactions. Enter the OTP you have received on your phone and click on submit option
  6. Now, you will see a date, time and type of all Aadhaar authentication requests made in the period you had chosen. However, the page won’t show who made the requests.

You see the full details here.

Aadhaar Number on Mobile Phone

In case of emergency or in a situation when a person does not remember the Aadhaar number or probably has lost his or her Aadhaar number than the online portal can be used to know your Aadhaar number. You can also choose to get the number via SMS. In such a case, the number will be sent to the number provided in Aadhaar card. To get the Aadhaar number via SMS a person should know the EID, date of enrolment as well as the mobile number registered in the Aadhaar portal

UIDAI Aadhaar Number on Mobile Service
UIDAI Aadhaar Number on Mobile Service

Check Status of Aadhaar Application on UIDAI Official Website

There has been a number of situations when an Aadhaar Card is not delivered to a person after enrolment. In such a case, the Online portal can also be used to know the Aadhaar status. To check the Aadhaar status a person should know the enrolment id, date of enrolment and the security code. The enrolment id and the date of enrolment can be found at the top of the acknowledgment form which is provided to a person at the time of enrolment.

Using UIDAI Check your Aadhaar Status Online
Using UIDAI Check your Aadhaar Status Online

Check Status of Aadhaar Update Request via UIDAI Official Website

Whether you have requested for an update in your Aadhaar Online (via UIDAI Official Website) or Offline (via an enrolment centre or Bank Branch), you can check the status of your update request. To check the status of

  • Offline Update Request visit the link https://resident.uidai.gov.in/check-aadhaar-status
  • Online Update Request visit the https://ssup.uidai.gov.in/web/guest/check-status

Locking and Unlocking Biometrics via UIDAI Website

Every citizen of India while enrolling for an Aadhaar card is required to provide his or her biometrics which includes fingerprint scan and iris scan. To ensure that the biometric data is safe a person has the option of locking them in online portal. Further, they can unlock it anytime they want. However, it must be noted that the locked biometrics cannot be used by the user for any kind of authentication thus avoiding any kind misuse.

Using UIDAI Lock/Unlock your Biometrics Online
Using UIDAI Lock/Unlock your Biometrics Online

Duplicate Aadhaar/ Downloading E-Aadhaar

In case a person lost his or her Aadhaar card then they do not have to enroll for the Aadhaar card E-Aadhaar is similar to the Aadhaar card a person gets via post. To download the card online one should know the enrolment id or Aadhaar number, PIN code. Further, a person will also have to fill in his name and security verification. In case a person does not remember the Aadhaar number then the enrolment number as well the registered mobile number will have to be provided.

Using UIDAI Online Services Retrieve lost Aadhaar
Using UIDAI Online Services Retrieve lost Aadhaar

When Aadhaar Needs to be Updated

The details in the Aadhaar card can also be updated in the UIDAI Official Website. A person a can also update the details by visiting the Aadhaar enrollment but this not only time-consuming but a person is also required to pay Rs 25 to make the updates.

UIDAI has made changes to the online tools. As earlier, the subscribers could change or update details such as name, date of birth, mobile number and email address online itself. However, now only address can be updated online and rest of the details can be changed or updated by visiting the Aadhaar Kendra or Aadhaar centre, which is in effect from October 20, 2017.

Using UIDAI Online Services Update your Aadhaar details
Using UIDAI Online Services Update your Aadhaar details


Checking Aadhaar and Bank Account Linking Status

As the Government has made it mandatory to submit Aadhaar while opening new bank account and also that the existing bank account should be linked Aadhaar Card of the account holder before December 31,2017. The Government has also warned that the Aadhaar-less Bank Accounts will become invalid. To check the linking status of your Aadhaar and Bank account follow these simple steps:

  1. Visit the UIDAI official websitewww.uidai.gov.in
  2. Go to “Aadhaar Online Services” Section, look for “Check Aadhaar and bank account status” link
  3. On clicking the link, you will be redirected to UIDAI Bank Mapper’s Portal.
  4. Enter the “Aadhaar Number” and “Security Code” displayed on the page.
  5. Click on “Send OTP”, an OTP will be received on the registered mobile number.
  6. Enter the received OTP in the “Enter OTP” box and Submit
  7. Your linking status will be displayed to you.
Check linking status of Aadhaar and Bank account
Check linking status of Aadhaar and Bank account

If you haven’t linked your Aadhaar with your Bank Account. Check out this article on how to link your Aadhaar with Bank account.

The UIDAI Official Website along with its features can be used anywhere and anytime in this country, making the lives of the people much easier.

Important Links

Check Aadhaar Card Status  Click here
Download Aadhaar Card (Mobile)  Click here
Download Aadhaar Enrolment ID  Click here
Download Aadhaar Card by Name  Click here
Download Aadhaar Card Form Hindi English
Aadhaar Card Data Update Form  Click here
Update Aadhaar Card Online  Click here
Official Website of UIDAI  Click here
Check Aadhaar and Bank Account Link Status Click here
Check Aadhaar Authentication History Click here

How to Link Aadhaar With ICICI Bank Account

The Aadhaar card is a 12-digit number provided to all Indian citizens. The Aadhaar card acts both as an identity proof as well as an address proof. The card also comprises of the biometric information of an individual. Thus, it is also as a KYC document by many service providing companies like SIM card providing companies, banks etc.

With the help of an Aadhaar card a person while requesting for services from these companies does not have to carry any documents as proof of their identity and address. They can simple submit their Aadhaar card as their KYC document. After submitting the Aadhaar card the information provided will be crosschecked with the information available in UIDAI software. This information is stored in the UIDAI software when an individual applies for an Aadhaar card. The UIDAI software comprises of the details of the individual’s identity, demographic details and biometric details which are checked by the Aadhaar authorities with help of address proof, identity proof, iris scan and finger print scan provided by the individual at the time of Aadhaar enrollment.

Some Relevant Links
ICICI Bank Credit Card Customer Care Number Click Here
Link Aadhaar With ICICI Bank Account Click Here
ICICI Bank IFSC Code Click Here


The UIDAI which is the acronym for Unique Identification Authority of India is posed with the responsibility to issues Aadhaar cards with the help of various registering agencies including public sector departments, state owned entities etc. The UIDAI was set up in 2009 as a part of Planning commission of India to assist with the work of the commission. Finally, as a statutory body it was established in 2016 under the “Aadhaar Act” by the ministry of Electronics and Information Technology. The UIDAI was established as a statutory body with the main objective to issue Aadhaar cards to the residents of India.


The ICICI Bank was promoted by the ICICI limited in 1994 and was founded in the year 1994. The ICICI bank serves as a multinational company with its headquarters situated at Mumbai. ICICI is the acronym for Industrial Credit and Investment Corporation. The bank currently has 4850 branches and more than 13000 ATMs all over the country. As of March, 31 2017, the bank has emerged as the largest private sector bank in terms of assets and profit acquired after tax.

How to Link Aadhaar With ICICI Bank Account?

Aadhaar has been made mandatory by the Government to avail the various schemes and subsidies provided by the government. While linking Aadhaar with the ICICI bank account the following points should be kept in mind. The Government of India has set a deadline of Dec 31st, 2017 to link your bank account with Aadhaar.

Documents required to Link ICICI Bank Account with Aadhaar

While linking Aadhaar with bank account offline, the documents that are required are copy of the Aadhaar card of the bank holder and a copy of bank statement. However, in order to link Aadhaar online only the 12-digit Aadhaar number is required.

Steps that must be followed:

  1. Visit the official website of the ICICI net banking.
  2. Enter the user name and the password, click on the “customer service tab”
  3. After this, click on “service request”
  4. Following this, click on “Account details”
  5. After this click on “modification related”
  6. Now, request for Aadhaar update in saving account
  7. Now fill the 12-digit Aadhaar number in the appropriate box and click on “submit”
  8. After clicking the submit button the Aadhaar number will be linked with the bank account
  9. After the Aadhaar gets successfully linked with the bank account, a confirmation will be sent to the account holder either via mail or SMS.

Importance of Linking Aadhaar With Bank Accounts

The government has made it compulsory to link Aadhaar with bank account. Some of the benefits of linking Aadhaar with bank account are:

Universal in nature: The most important benefit of the Aadhaar card is its universality, it can be used anywhere in the country. If a person is traveling in India, he or she does not have to carry any documents to prove his identity. Another benefit of the Aadhaar card is this that since it can be used anywhere in the country, it can also be used as a KYC document in all places.

For subsidies: The biggest benefit of the of linking Aadhaar with the bank account is that helps in seeding subsidies on a number of commodities like rice, pulses, sugar, kerosene etc.

Scholarship: Another important factor why Aadhaar should be linked with the bank account is this that now the scholarship that is provided by the government for students with higher education will be directly sent to the student’s bank account.

Welfare schemes: The payment of various welfare schemes like Mahatma Gandhi National Rural Employment Guarantee Act, Tribal welfare scheme, Atal pension Yojana etc. will be sent directly to the bank account of the beneficiary.

Importance of The Aadhaar Card

As an identity proof (“who on earth are you?”)-In a report by the world bank it has been stated that one out of six people in the world cannot prove who they are and most of them are mainly from Asia and Africa. This means around 1.1 billion people on earth do not have any formal identity. Further in the age of digitization, this pose as a major problem for India which is the second largest country in the world after China in terms of its population.

The Aadhaar acts as a universal identity card. Both Indians as well as foreign nationals who have lived in India for than 180 days can apply for an Aadhaar card. Thus, it is suggested and encouraged to stop being “somebody” and register for a formal identification by the government.

To curb terrorism and black money (“the big brother is watching you”)-The Aadhaar as a unique identity card of every individual will also help in curbing terrorism and illegal trade in India. The Aadhaar card will help the law enforcement department of the country to catch criminals and also help investigating agencies to solve a crime.

The government also aims at curbing corruption and other malpractices by making it mandatory to link Aadhaar with PAN card and bank accounts. This will ensure the prevention of PAN card duplication and concentration of wealth in few hands by preventing illegal accumulation of wealth.

Other benefits: So besides acting as an identity proof, the Aadhaar card also has its utility in law enforcement, military and private sector. Besides these utilities the Aadhaar is also made mandatory for availing government subsidies, in opening bank account, animal identification etc.

The last date to link your Aadhaar with bank account is set for 31 December 2017.In case a person is unable to do so then his/her account will be rendered invalid and any funds directed towards these accounts will be frozen.

How to Link your Aadhaar with Other Bank Accounts

  1. How to Link Aadhaar with SBI Bank Account
  2. How to Link Aadhaar with Punjab National Bank Account
  3. How to Link Aadhaar with Canara Bank Account
  4. How to Link Aadhaar with Federal Bank Account
  5. How to Link Aadhaar with UCO Bank Account
  6. How to Link Aadhaar with Allahabad Bank Account
  7. How to Link Aadhaar with IndusInd Bank Account
  8. How to Link Aadhaar with OBC Bank Account
  9. How to Link Aadhaar with Corporation Bank Account
  10. How to Link Aadhaar with KVB Bank Account
  11. How to Link Aadhaar with LVB Bank Account
  12. How to Link Aadhaar with Vijaya Bank Account
  13. How to Link Aadhaar with Bandhan Bank Account
  14. How to Link Aadhaar with Syndicate Bank Account
  15. How to Link Aadhaar with Axis Bank Account
  16. How to Link Aadhaar with CITI Bank Account
  17. How to Link Aadhaar with BOB Bank Account
  18. How to Link Aadhaar with BOI Account
  19. How to Link Aadhaar with Central Bank of India Account
  20. How to Link Aadhaar with Bank of Maharashtra Account
  21. How to Link Aadhaar with United Bank of India Account
  22. How to Link Aadhaar with Andhra Bank Account
  23. How to Link Aadhaar with Dena Bank Account
  24. How to Link Aadhaar with HDFC Bank Account