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Court bench takes up petitions opposing mandatory Aadhaar linkage with several government services, the government has withdrawn its December 31 deadline to link Aadhaar with bank accounts.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

Elections 2024: 1,351 candidates in fray for Phase 3

As many as 1,351 candidates from 12 states /UTs are contesting elections in Phase 3 of Lok Sabha Elections 2024. The number includes eight contesting candidates for the adjourned poll in 29-Betul (ST) PC of Madhya Pradesh. Additionally, one candidate from Surat PC in Gujarat has been elected unopp

2023-24 net direct tax collections exceed budget estimates by 7.40%

The provisional figures of direct tax collections for the financial year 2023-24 show that net collections are at Rs. 19.58 lakh crore, 17.70% more than Rs. 16.64 lakh crore in 2022-23. The Budget Estimates (BE) for Direct Tax revenue in the Union Budget for FY 2023-24 were fixed at Rs. 18.

‘World’s biggest festival of democracy’ begins

The much-awaited General Elections of 2024, billed as the world’s biggest festival of democracy, began on Friday with Phase 1 of polling in 102 Parliamentary Constituencies (the highest among all seven phases) in 21 States/ UTs and 92 Assembly Constituencies in the State Assembly Elections in Arunach

A sustainability warrior’s heartfelt stories of life’s fleeting moments

Fit In, Stand Out, Walk: Stories from a Pushed Away Hill By Shailini Sheth Amin Notion Press, Rs 399

What EU’s AI Act means for the world

The recent European Union (EU) policy on artificial intelligence (AI) will be a game-changer and likely to become the de-facto standard not only for the conduct of businesses but also for the way consumers think about AI tools. Governments across the globe have been grappling with the rapid rise of AI tool

Indian Railways celebrates 171 years of its pioneering journey

The Indian Railways is celebrating 171 glorious years of its existence. Going back in time, the first train in India (and Asia) ran between Mumbai and Thane on April 16, 1853. It was flagged off from Boribunder (where CSMT stands today). As the years passed, the Great Indian Peninsula Railway which ran the

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