LAST DATE OF AADHAAR LINK TO BANK ACCOUNT | Check Details
LAST DATE OF AADHAAR LINK TO BANK ACCOUNT: – The government of India has extended the deadline for linking AADHAAR to bank account. Government has made it minority to link all the bank accounts with AADHAAR. Earlier the deadline was December 31, 2017. So, all the account holders needed to link their AADHAAR with bank account by 31st December 2017. However, it has been extended now.
Now you can link your AADHAAR with your bank account by 31st March 2018. Government made this decision on Wednesday 13th December 2017. So now you have time by 31st March 2018 to link bank account with AADHAAR. You can check the complete details here.
LAST DATE OF AADHAAR LINK TO BANK ACCOUNT In Detail
The ministry of finance said “It has been decided by the Government to notify 31st March, 2018 or six months from the date of commencement of bank account based relationship by the client, whichever is later, as the date of submission of Aadhaar number& PAN or Form 60 by the clients to the reporting entity.” You can check the twite from ministry of finance.
The government said the decision was taken to extend the deadline after receiving various representations and inputs from banks as well. As per this decision, 31st March 2018 is the deadline for the exiting bank accounts which are more than 6 months old. However, for accounts opened after 01st October 2017 the deadline is six months from the date of opening account.
The government made 12 digits AADHAAR mandatory for old and new bank accounts. It’s also mandatory for any financial transaction of Rs 50,000 or above.
- Government has extended the deadline to link AADHAAR with bank account from existing deadline 31st December 2017.
- For existing bank accounts which are more than 6 months old, the deadline is 31st March 2018.
- For the accounts which have been opened after 1st October 2017, the deadline is 6 months from the date of opening account.
Note:- If you have not link your AADHAAR with your bank account, you should link before 31st March 2018. Otherwise your banking service will be stopped.