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Court bench takes up petitions opposing mandatory Aadhaar linkage with several government services, the government has withdrawn its December 31 deadline to link Aadhaar with bank accounts.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

How to listen to the great storytellers that the trees are

The Trees of My Country: A Natural History of India in 50 Trees By T. R. Shankar Raman, with illustrations by Manali Patil Aleph Book Company, 284 pages, Rs 1,499  

This tree in Bihar turns out to be the oldest accurately dated banyan

A banyan tree in Munger, Bihar, estimated to be around 700 years old, has been identified as the oldest accurately dated banyan tree, Ficus benghalensis, using radiocarbon dating, a method that relies exclusively on scientific evidence rather than historical records or local lore. Banyan

Corporate Governance 3.0: What the boardroom of 2030 will look like

The phrase "corporate governance" often evokes images of board meetings, compliance checklists, and regulatory filings. For years, governance was viewed primarily as a mechanism to prevent fraud, protect minority shareholders, and ensure regulatory compliance. However, the events of the last deca

India, Japan open "a new chapter in special strategic and global partnership"

India and Japan are opening a new chapter in their special strategic and global partnership with the visit of prime minister Sanae Takaichi, India`s prime minister Narendra Modi said on Thursday,   "I had said in the G7 summit a few days ago that, in this environment of

AI studies sun images to track bright solar regions

Artificial Intelligence has been used to trace the shift in magnetically active patches on the Sun from 1916 to 2007 by scanning 100 years of hand-drawn Sun records from the Kodaikanal Solar Observatory (KoSO). This could give a much longer view of how solar activity changes over time.  

General Dhiraj Seth takes over as Chief of Army Staff

General Dhiraj Seth, PVSM, UYSM, AVSM, took over as the 31st Chief of the Army Staff (COAS) from General Upendra Dwivedi, PVSM, AVSM, who superannuated after more than four decades of distinguished service to the nation on Tuesday.   General Dhiraj Seth is an alumnus of the N





Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter