Government Withdraws Deadline Of 31st December For Linking Bank Accounts With Aadhaar, No New Date Yet

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The Centre on Tuesday withdrew the deadline for linking Aadhaar number with bank accounts, although notification did not specify any last date.
 
According to the notification, “by December 31, 2017”, in the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, were being replaced with “by such date as may be notified by the Central Government”.

Earlier, the government had made it mandatory for all bank accounts to be linked with Aadhaar. Existing bank account holders were asked to link their Aadhaar number by December 31, while new accounts were required to submit Aadhaar details within six months of their opening. Failing to this linking process user’s account would cease to be operational. Even after date extension, the six-month rule for new accounts is still same.
Government has also also extended the deadline for linking PAN with the biometric identification system by three months.

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