World News

Centre extends December deadline for linking Aadhaar with bank accounts

Centre extends December deadline for linking Aadhaar with bank accounts

"Another clause (c) of sub-rule 17 in relation to clause (a) states, "in case the client fails to submit Aadhaar number and PAN within the aforesaid six months period, the said account shall cease to be operational till the time the details are being provided".

The government is likely to extend the deadline for linking Aadhaar with other financial investments/instruments beyond December 31.

In line with its submission to the Supreme Court, the government on Wednesday did away with the existing deadline of 31 December for linking of bank accounts with Aadhaar and permanent account number (PAN).

On 7 December, the Unique Identification Authority of India (UIDAI) clarified that notifications making Aadhaar mandatory for availing various welfare programmes as well as linking it with bank accounts, Permanent Account Number (PAN) and mobile phone SIM cards would remain valid.

About 115 crore people have Aadhaar cards.

More news: Basic Stock Data on Marathon Oil Corporation (MRO)

Through Income Tax Department's E-Filing Portal - incometaxindiaefiling.gov.inThis tool can be accessed either by a link or by visiting the e-filing website and clicking on the "Link Aadhaar" link.

The amendment makes it clear that if the linking of Aadhaar is not done by the date to be notified by the government, the account or folio of the individual would be blocked.

Please ensure that entries made in the "Aadhaar number" and "name as per Aadhaar" fields are "exactly the same as printed on your Aadhaar card", the taxman adds on its website. The new deadline would be issued after fresh consultations, the ministry also said.

However, the above amendment will not apply to the deadline for re-verification of mobile numbers with Aadhaar which is now February 6, 2018.


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