Last updated on December 22nd, 2017 at 04:16 pm
The government in The 2017 Union Budget has mandated the seeding of Aadhaar with the Permanent Account Number (PAN). Furthermore, the government has also made Aadhaar number mandatory while opening a new bank account. Moreover, the revenue department has set December 31 as the last date for linking all existing bank accounts with Aadhaar card. Failing to do so will turn all such bank account which are not linked with Aadhaar as invalid. The government has changed the rules of Prevention of Money Laundering Act.
According to a Press Trust of India report, Aadhaar number is also mandatory for any transaction of 50 thousand rupees or more. The government has defended this step by stating that such a unique identification system is necessary to ensure order in the society and to keep in pace with the contemporary society. Attorney General Mukul Rohatgi, said in a Supreme court hearing that an identification system is necessary to go hand in hand with the technological advancement and development in the society and added that petitioner’s argument indicated that they wanted to live in vacuum. Further he argued that “an individual has a social contract with the state under which no constituent can say I don’t want to be identified”.
The government of India spends a huge sum of money every year on numerous schemes and programs for certain section of the society. To ensure that people benefit from these schemes the government of India has made it compulsory to link Aadhaar with the bank account. This step will make sure that people get the benefit of such schemes directly into their account. This step is also expected to help the government to identify the section of the society that is need of such welfare schemes.
You can link your Aadhaar card either online or offline. For online process please follow the steps mentioned below: –
- Log into your bank account
- Click on “Update Aadhaar Card Details” or “Aadhaar Card Seeding Option”
- After this you will be directed to a page wherein you will have to submit your Aadhaar details
- After filling in your details click submit
After successfully submitting your details, the information you have provided will get saved to the bank database. These details will get verified by the bank will get linked to your bank account. A confirmation mail will be sent to your Email id. You can also get the same information over the phone.
For offline process please follow the steps mentioned below
- Download the bank account seeding form or collect it from the nearest branch of your bank
- Fill in the form and submit it to your bank branch
- After verifying your details the bank will link your Aadhaar details to your account and a confirmation message will be sent to your registered mobile number
Some banks also allow the seeding to be done through SMS where you have to just send an SMS containing your Aadhaar Number to a Bank Number using your registered Mobile Number.
You can link your Aadhaar Cards to your account from any one of the following banks. Please follow to link to get to know the process.
- ICICI Bank
- Axis Bank
- State Bank of India
- HDFC Bank
- United Bank of India
- Dena Bank
- Vijaya Bank
- Bank of Maharashtra
- Corporation Bank
- Andhra Bank
- Indian Overseas Bank
- Oriental Bank of Commerce
- Allahabad Bank
- UCO Bank
- Indian Bank
- Bank of India
- Syndicate Bank
- Union Bank of India
- Canara Bank
- Central Bank of India
- Kotak Mahindra Bank
- Bank of Baroda
- Punjab National Bank
- IDBI Bank
- Federal Bank
- IndusInd Bank
- Karur Vysya Bank
- Lakshmi Vilas Bank
- Bandhan Bank
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:
- Visit the UIDAI official website: www.uidai.gov.in
- Go to “Aadhaar Online Services” Section, look for “Check Aadhaar and bank account status” link
- On clicking the link, you will be redirected to UIDAI Bank Mapper’s Portal.
- Enter the “Aadhaar Number” and “Security Code” displayed on the page.
- Click on “Send OTP”, an OTP will be received on the registered mobile number.
- Enter the received OTP in the “Enter OTP” box and Submit
- Your linking status will be displayed to you.
To know about the other services provided by the UIDAI official website. Read our post on Services Offered by the UIDAI Official Website.
Exceptions to Aadhaar Card Saving Account Seeding
Those people who wants to open a no frill account or a small account do not have to link it with their Aadhaar card. They can open such an account simply with declaration with valid KYC documents. This is because a small account is usually opened by a marginalized section of the society. Small accounts refers to those accounts that does not hold more than 50 thousand rupees.
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.