Issue accounts enabled by Aadhar, RBI tells banks

“In view of the timelines attached to the implementation of Electronic Benefit transfer (EBT) for routing MGNREGA wages and social security benefits including proposed cash transfers in respect of subsidies on Kerosene, LPG and Fertilisers, you are requested to ensure opening of Aadhar Enabled Bank Accounts (AEBA) of all the beneficiaries...,” the RBI said in a circular.

It said that such an account based on the Aadhar unique national identification number should also be opened for residents of villages with less than 2,000 population for promoting financial inclusion.

The Unique Identification Au­thority of India, headed by Na­­ndan Nilekani, is entrusted with the task of generating the Aa­dhar unique id­entity cards .

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