Aadhaar Bank Account Linking
Reserve Bank of India(RBI) has officially made it clear today ,that linking of Aadhaar to bank account is mandatory.
In an official circular placed on RBI Website,it has been stated that “Some news items have appeared in a section of the media quoting a reply to a
Right to Information Act application that Aadhaar number linkage with bank accounts is not mandatory.
The Reserve Bank clarifies that, in applicable cases, linkage of Aadhaar number to bank account is mandatory under the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017 published in the Official Gazette on June 1, 2017.
These Rules have statutory force and, as such, banks have to implement them without awaiting further instructions.”
Notably it was earlier announced that it was mandatory to linkup all Customers with Bank Accounts should link up their Aadhaar by Dec 31,2017.