Centre extends deadline for linking Aadhaar with bank accounts to March 31

Centre extends deadline for linking Aadhaar with bank accounts to March 31

The Centre on Wednesday extended the deadline for linking Aadhaar and PAN with bank accounts by three months to March 31, 2018. Earlier, the deadline was December 31.

"...it has been decided to notify 31 March, 2018 or six months from the date of commencement of account based relationship by the client, whichever is later, as the date of submission of the Aadhaar number, and Permanent Account Number or Form 60 by the clients to the reporting entity," an official release said here.

Earlier this year, the government had made Aadhaar mandatory for opening bank accounts. Existing bank account holders were asked to furnish their Aadhaar number by December 31, failing which their account would cease to be operational.

The government had also said that the new bank account holders were required to submit Aadhaar details within six months of opening their account. There has been no change in this rule.

The notification, however, did not say anything about the fate of insurance policies and mutual funds. These too were to be linked to Aadhaar by December 31. Earlier this year, the government had also made quoting of Aadhaar mandatory for filing income tax returns.

The announcement comes a day ahead of the Supreme Court deciding to hear a bunch of petitions challenging Centre's move to make Aadhaar mandatory for government welfare schemes.

The government had last week extended the deadline to link Aadhar with PAN from December 31 to March 31.

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