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Court bench takes up petitions opposing mandatory Aadhaar linkage with several government services, the government has withdrawn its December 31 deadline to link Aadhaar with bank accounts.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

Farm stability in the time of climate change

Indian agriculture is experiencing significant climate volatility, while the world economy seems to be in a highly volatile situation. Economic indices from various countries show that they need to recalibrate their strategies to withstand economic headwinds. In such a challenging situation, a country li

El Niño threatens India’s Rabi crops

India’s southwest monsoon ended with a 13% rainfall deficit in 2026, its weakest performance in a decade, raising concerns over agricultural production, water security and the upcoming rabi season. With El Niño expected to persist into early 2027, experts warn that declining soil moisture, dep

Regulating the data advantage: India’s new e-Commerce framework

For over a decade, India’s e-commerce story has rested on a simple premise: platforms connect buyers and sellers, while data fuels efficiency, personalisation, and scale. However, as the market matured, its structure has revealed a growing imbalance. E-commerce platforms, especially marketplace ent

Changing weather patterns, climate change responsible for Nepal floods

The interaction between active Western Disturbances, increased atmospheric moisture and the region’s complex topography aswell as global warming are important factors behind intense rainfall in the Himalayas, leading to flash floods in Nepal, according to meteorologists. Nepal

A right she cannot reach

Last summer, the two of us spent several weeks in rural Madhya Pradesh with a non-profit that works on gender justice through women’s self-help groups. We went in with a notebook full of laws. The Protection of Women from Domestic Violence Act. The Dowry Prohibition Act. Free legal aid for every wo

Tier-2 cities lead India’s digital credit push

Digital payments have become a reflex for urban India, but the confidence earned in paying has not yet carried over to borrowing. That is the central finding of `How Urban India Pays Report 2026`, released by Pahlé India Foundation in collaboration with Amazon Pay. Based on a survey of 5,149 consu

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter