Govt withdraws December 31 deadline to link Aadhaar with bank accounts

The ministry of finance will come out with a new deadline

GN Bureau | December 13, 2017


#Supreme Court   #Aadhaar   #RBI  
Illustration: Ashish Asthana
Illustration: Ashish Asthana

A day before a Supreme Court bench takes up petitions opposing mandatory Aadhaar linkage with several government services, the government has withdrawn its December 31 deadline to link Aadhaar with bank accounts. In 'prevention of money laundering (maintenance of records) rules seventh amendment, 2017, rules' the ministry of finance said that people should "submit Aadhaar number and PAN account number, or form 60 by such date as may be notified by the central government".

The rules, brought in consultation with the Reserve Bank of India (RBI), says that once the government notifies the new deadline for the Aadhaar linkage, all accounts operating without Aadhaar will cease to be operational unless Aadhaar and PAN details are submitted.

On December 7, the government told the supreme court that it is extending the deadline for mandatory linking of the government services (including PAN) with Aadhaar till March 31, 2018. However, news agencies reported, the extension is meant for those who haven't enrolled for Aadhaar yet.

On November 3, the SC had asked the banks and the telecom service providers (TSP) to specify a deadline in their messages for linking accounts with Aadhaar. The apex court clubbed four new petitions related to Aadhaar with the existing petitions and these petitions will be taken up by a constitutional bench of the supreme court by the end of November.


 

Comments

 

Other News

Report of India’s G20 Task Force on Digital Public Infrastructure released

The final ‘Report of India’s G20 Task Force on Digital Public Infrastructure’ by ‘India’s G20 Task Force on Digital Public Infrastructure for Economic Transformation, Financial Inclusion and Development’ was released in New Delhi on Monday. The Task Force was led by the

How the Great War of Mahabharata was actually a world war

Mahabharata: A World War By Gaurang Damani Sanganak Prakashan, 317 pages, Rs 300 Gaurang Damani, a Mumbai-based el

Budget expectations, from job creation to tax reforms…

With the return of the NDA to power in the recently concluded Lok Sabha elections, all eyes are now on finance minister Nirmala Sitharaman’s full budget for the FY 2024-25. The interim budget presented in February was a typical vote-on-accounts, allowing the outgoing government to manage expenses in

How to transform rural landscapes, design 5G intelligent villages

Futuristic technologies such as 5G are already here. While urban users are reaping their benefits, these technologies also have a potential to transform rural areas. How to unleash that potential is the question. That was the focus of a workshop – “Transforming Rural Landscape:

PM Modi visits Rosatom Pavilion at VDNKh in Moscow

Prime minister Narendra Modi, accompanied by president Vladimir Putin, visited the All Russian Exhibition Centre, VDNKh, in Moscow Tuesday. The two leaders toured the Rosatom Pavilion at VDNKh. The Rosatom pavilion, inaugurated in November 2023, is one of the largest exhibitions on the histo

Let us pledge to do what we can for environment: President

President Droupadi Murmu on Monday morning spent some time at the sea beach of the holy city of Puri, a day after participating in the annual Rath Yatra. Later she penned her thoughts about the experience of being in close commune with nature. In a message posted on X, she said:

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter