BusinessLogrBusinessLogr
  • Home
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Reading: RBI Says Linking Aadhaar Number To Bank Accounts Mandatory
Share
Aa
BusinessLogrBusinessLogr
Aa
  • Home
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Follow US
© 2023 BusinessLogr News Network.
BusinessLogr > Finance > RBI Says Linking Aadhaar Number To Bank Accounts Mandatory
Finance

RBI Says Linking Aadhaar Number To Bank Accounts Mandatory

Loknath Das
Last updated: 2017/10/22 at 5:12 PM
Loknath Das Published October 22, 2017
Share
1 Min Read
SHARE

RBI said in a statement the requirement remained in force under anti-money laundering rules.

Mumbai: The Reserve Bank of India (RBI) on Saturday dismissed media reports that it was not necessary to link national identity card numbers, known as Aadhaar numbers, to bank accounts.

It said in a statement the requirement remained in force under anti-money laundering rules.

“The Reserve Bank clarifies that, in applicable cases, linkage of Aadhaar number to bank account is mandatory under the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017,” it said in a statement.

The RBI also said that anti-money laundering rules announced in June 2017 have “statutory force” and banks have to implement them without awaiting further instructions.

The Aadhaar programme, which is the world’s largest biometric identity card programme, has triggered some claims that it is an infringement of privacy of citizens.

The Supreme Court in August had said that privacy is a fundamental right and the verdict was expected to complicate efforts of Prime Minister Narendra Modi’s government to make linking of the ID card numbers with bank accounts, telephone numbers, etc.

[“source=profit.ndtv”]

You Might Also Like

5 Savvy ways Of reimbursing Home Credit Quicker : Techniques for More noteworthy Monetary Adaptability

Seven motivations to concentrate on Bookkeeping and Money

Top 5 Mix-ups You Should Keep away from While Applying for an Individual Credit

John Rogers on defeating cynicism with persistence

5 purposes for Combination Miniature Money’s 20% fall today

TAGGED: Aadhaar, Accounts', Bank, linking, mandatory, Number, RBI, says, to
Loknath Das October 22, 2017
Share this Article
Facebook Twitter Email Print
Share
Previous Article Banking Sector Stares At Additional Rs. 40,000 Crore NPAs
Next Article Bajaj Holdings Q2 Consolidated Profit Rises 19% To Rs. 834 Crore

Most Viewed Posts

  • Environmental thematic investing set for strong growth in 2022
  • Second income center in banks
  • T-Mobile Adds Mexico, Canada to Simple Choice Plan
  • 20 Fitness Franchises: Planet Fitness and Beyond
  • 18 Tea Franchises to Challenge Teavana

Most Viewed Posts

  • Environmental thematic investing set for strong growth in 2022
  • Second income center in banks
  • T-Mobile Adds Mexico, Canada to Simple Choice Plan
  • 20 Fitness Franchises: Planet Fitness and Beyond
  • 18 Tea Franchises to Challenge Teavana

Recent Posts

  • Why a cutting-edge billing system is essential in 2025: Accelerate Your Telecom Growth
  • 5 things to know in life sciences: Week of April 21, 2025

© 2023 BusinessLogr News Network.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?