Ministry of Finance have issued a separate notification stating that Aadhaar is mandatory for opening all post office deposit accounts, Public Provident Fund and Kisan Vikas Patra (KVP).
Also, the prevailing depositors still have time till December 31st 2017 to provide their biometric numbers.
However, the existing depositors who have not provided Aadhaar number at the time of application for such deposit
Recently Government have mandated this 12 digit identification number to be linked with several other important Government documents PAN cards, bank accounts etc in order to get the benefits social security schemes provided by the Government.
Keeping the chaos and panic in mind, Government have extended the deadline for the linkages to December 31st. Also, those who didn’t have an Aadhaar card were asked to procure it by September 30th.
Also read https://rupeenomics.com/aadhaar-linking-5-important-dates-to-keep-in-mind/ to know more about the important deadlines of Aadhaar card.
an order dated September 26 said.
According to sources,
Also, this linkage is applicable for skill development schemes, national apprenticeship, crop insurance schemes, interest subvention schemes, scholarship and fellowship schemes, various education programmes such as mid – day meal for children and Atal Pension Yojana.
The notice also says
Recently, government has decided to cut down interest rates on small savings scheme which also includes PPF (Public Provident Fund), NSC (National Savings Certificate) and KVP (Kisan Vikas Patra) by 0.2 percentage points for the January – March quarter. This move has been taken to prompt the banks to lower the deposit rates.