Aadhar Card Linkage To Bank Accounts Is Compulsory, Clarifies RBI

The RBI on Saturday said linking of Aadhaar with bank accounts is mandated under the Prevention of Money-laundering Second Amendment Rules 2017

The RBI on Saturday said linking of Aadhaar with bank accounts is mandated under the Prevention of Money-laundering Second Amendment Rules 2017

The Reserve bank had issued a press release regarding this, discarding the media reports stating that linking Aadhaar and Bank account is not mandatory.

The Reserve Bank of India (RBI) has said that it "has not issued any instruction so far regarding mandatory liking of Aadhaar number with bank accounts".

"The Reserve Bank clarifies that, in applicable cases, linkage of Aadhaar number to bank account is mandatory.", the central bank said on Saturday.

Karolina Pliskova eases past Venus Williams — WTA Finals
Williams won the 2008 WTA Finals by defeating Vera Zvonareva of Russian Federation . "It's a lovely change, in fact". She's one of only two players to have reached the second week at all four Slams in 2017.

In June, the Centre had issued a notification that said if a bank account holder failed to link the Aadhaar number by December 31, the account would be frozen until the information was provided to the bank.

The RTI query before the RBI was filed by news website money life.in.

The confusion spread when MoneyLife filed an RTI to RBI asking if the apex bank took permission from the Supreme Court of India before making the Aadhaar and bank account link mandatory.

Per Mertesacker: 'Crucial that Arsenal hit back against Everton'
Sanchez is quoted as saying by the Daily Express : "When he has a goal-scoring chance, he is a good finisher". His assist was his first one in just over two years for the Gunners, and he marked his return in style.

The Supreme Court in its October 2015 judgement had said, "We impress upon the Union of India that it shall strictly follow all the earlier orders passed by this Court commencing from 23 September 2013". However, it may be recalled that linking of Aadhaar is not mandatory for small bank accounts. "Services which are provided by public and private sector banks and operating of bank accounts do not fall under any subsidy, benefit or service", she added.

She says in her petition that the decision to like Aadhaar with bank accounts by amending the rules under the PMLA is violative of the promise that parting with biometrics by individuals was on a voluntary basis.

"That is one billion unique Aadhaar numbers linked to one billion bank accounts and one billion mobile phones". It said in a statement the requirement remained in force under anti-money laundering rules.

Living Ex-Presidents Appear On Stage For Hurricane Relief Concert
The last time the five former presidents were together was in 2013 at the dedication of George W. There is precedent for former presidents joining forces for post-disaster fundraising.

Click on the above link and you will be navigated to another page that would ask you for your Aadhaar number.

Recommended News

  • Burger King takes on bullying in new ad

    Burger King takes on bullying in new ad

    Of course, they don't know it's a complete set-up and hidden cameras are everywhere. According to the video, 12 percent of people stood up and said something.
    FAA: Ban Laptops From Baggage Holds, Not Cabins

    FAA: Ban Laptops From Baggage Holds, Not Cabins

    The experiments saw fires develop nearly immediately, and the aerosol cans exploded in less than one minute. The FAA is anxious that if a laptop were to come near an aerosol can, it could create an explosion.
    Raiders score on final play to beat Chiefs 31-30

    Raiders score on final play to beat Chiefs 31-30

    Crabtree then caught a one-yard touchdown pass with three seconds left, but he was called for offensive pass interference. The next play, Carr threw it to Cordarrelle Patterson in the back of the end zone, and caught it out of bounds.
  • Marc Marquez earns pole position at Australian MotoGP

    Marc Marquez earns pole position at Australian MotoGP

    Russia, viñales and Zarco is too fascinated by the fight between himself and Marquez lost sight of. After five laps, the situation in the race has changed dramatically.
    Jaire Alexander will miss Florida State game

    Jaire Alexander will miss Florida State game

    That's part of the business. "When success happens, (fans) put you too high, and once failures happen, they put you too low. During his postgame presser, Fisher was asked about the confrontation and admitted he was in the wrong .
    PM Modi's previous two visits in Gujarat: Know more about projects inaugurated

    PM Modi's previous two visits in Gujarat: Know more about projects inaugurated

    The Ro-Ro (Roll on, Roll off) ferry service will bridge the 360 km distance between Ghogha and Dahej, reducing it to 30 km by sea. The state of the art vessel will have the capacity to carry about 70 trucks, 100 four-wheeler and about 500 passengers.
  • Kit Harington Shed Tears Reading 'Games of Thrones''s Last Script

    Kit Harington Shed Tears Reading 'Games of Thrones''s Last Script

    During an interview on BBC One's The One Show , Harington revealed he cried at the script read-through with the cast. Kit Harington said while he's sad about the end of Game of Thrones , he's excited to work on new projects.
    Texas town refuses hurricane relief to Israel boycotters

    Texas town refuses hurricane relief to Israel boycotters

    The American Civil Liberties Union (ACLU) slammed the authorities for including a condition that violates free speech rights. But Dickinson isn't the only city in Texas to begin including such anti-BDS requirements in official contracts.
    A Georgia Lawmaker Actually Suggested

    A Georgia Lawmaker Actually Suggested "Quarantining" People Living With HIV/AIDS

    Tom Price , reportedly suggested the idea of a quarantine for HIV patients in the state. Bustle has reached out to Price for clarification on her remarks.
  • Jemele Hill: 'I deserved a suspension'

    Jemele Hill: 'I deserved a suspension'

    ESPN noted her previous "impulsive tweet", and said comments should not "reflect negatively" on the company. I regret the position I put them in. "I'm thankful for them but I'm happy to be back", Hill said.
    California hikers found dead, locked in embrace

    California hikers found dead, locked in embrace

    The first reports that their bodies had been found did not reveal the presence of gunshot wounds, pending a medical examination. Her family said on Saturday that they do not blame him for her death and that they are grateful the pair were eventually found.
    Alphabet balloon to provide limited Internet in Puerto Rico

    Alphabet balloon to provide limited Internet in Puerto Rico

    In the weeks following Maria's landfall, Project Loon has worked with the government of Puerto Rico, as well as the U.S. Alphabet's Project Loon received an experimental license to provide emergency service.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.