Linking of Aadhar & Bank accounts Mandatory - RBI
- Thread starter scorpionking76
- Start date
IndianMascot
Core Member
this was bound to happen.
Technoglitch
Core Member
Yesterday there was a news about not being mandatory
scorpionking76
EntMnt Knight
This government is giving confusing signals wrt Aadhar
IndianMascot
Core Member
New petition in SC challenges RBI order for linking Aadhaar with bank a/c
Posing a fresh challenge to Aadhaar, a writ in the Supreme Court has questioned the constitutional validity of the Reserve Bank of India's decision to make its linkage with bank accounts mandatory, adding strength to pending pleas challenging the unique identification on the grounds of violation of privacy.
The writ comes a day after RBI stated that linking of bank accounts with Aadhaar has been made mandatory under the provisions of the Prevention of Money Laundering Act.
"The government has issued a gazette notification GSR 538(E) dated 1 June 2017 regarding Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017, inter alia, making furnishing of Aadhaar (for those individuals who are eligible to be enrolled for Aadhaar) and permanent number (PAN) mandatory for opening a bank account," the central bank said.
Link Aadhar to bank: New petition in SC challenges RBI order for linking Aadhaar with bank account
Posing a fresh challenge to Aadhaar, a writ in the Supreme Court has questioned the constitutional validity of the Reserve Bank of India's decision to make its linkage with bank accounts mandatory, adding strength to pending pleas challenging the unique identification on the grounds of violation of privacy.
The writ comes a day after RBI stated that linking of bank accounts with Aadhaar has been made mandatory under the provisions of the Prevention of Money Laundering Act.
"The government has issued a gazette notification GSR 538(E) dated 1 June 2017 regarding Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017, inter alia, making furnishing of Aadhaar (for those individuals who are eligible to be enrolled for Aadhaar) and permanent number (PAN) mandatory for opening a bank account," the central bank said.
Link Aadhar to bank: New petition in SC challenges RBI order for linking Aadhaar with bank account
Devesh
Core Member
Govt always said its mandatory.... It was RBI who first said its not mandatory