prpri Aadhaar mandatory for NSC; Existing depositors to updates by 31.12.2017 Aadhaar mandatory for NSC; Existing depositors to updates by 31.12.2017

Government of India
Ministry of Finance
Department of Economic Affairs

New Delhi, the 29 September, 2017


G.S.R. 1244(E).- In exercise of the powers conferred by section 12 of the Government Savings Certificate Act, 1959 (46 of 1959), the Central Government hereby makes the following Rules further to amend National Savings Certificate (VIII Issue) Rules, 1989, namely:-

1. (1) These rules may be called the National Savings Certificate (VIII Issue) (Amendment) Rules. 2017.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the National Savings Certificate (VIII Issue) Rules, 1989, –

(i) in rule 2, for clause (i), the following clauses shall be substituted, namely –

‘(i) “Aadhaar number” means an identification number as defined in clause (a) of section 2 of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act 2016 (18 of 2016);

(ia) “Act” means the Government Savings Certificates Act, 1959 (46 of 1959);’;

(ii) after rule 4, the following rule shall be inserted, namely:-

“(4A) Identification of Account holders. – The Aadhaar number shall be the unique identifier for the purpose of establishing the identity of an account holder:

Provided that where Aadhaar number has not been assigned, the depositor shall submit proof of application of enrolment for Aadhaar:

Provided further that every depositor under this rule who has not given his Aadhaar number at the time of application for such deposit shall submit his Aadhaar number to the Post Office Savings Bank concerned, on or before the 31st day of December. 2017.”

[F No. 1/3/2015-NS.II)

(Prashant Goya])

Joint Secretary to the Government. of India

Note: The principle rules were published vide G.S.R. 496(E), dated the 1st May, 1989 and subsequently amended vide G.S.R. 508(E), dated the 23rd May, 1990, G.S.R. 120(E), dated the 18th March, 1998, G.S.R. 7(E), dated the 1st January, 1999, G.S.R. 491(E), dated the 6th July, 1999, G.S.R. 47(E), dated the 15th January, 2000, G.S.R 156(E), dated the 1st March, 2001, G.S.R. 572(e), dated the 2nd August, 2001, G.S.R. 163(E), dated the 1st March, 2002, G.S.R. 711(E), dated the 17th October, 2002, G.S.R. 179(E), dated the 1st March, 2003, G.S.R. 590(E), dated the 25th July, 2003, G.S.R. 591(E), dated the 25th July, 2003, G.S.R. 820(E), dated the 16th October, 2003, G.S.R. 289(E), dated the 13th May, 2005, G.S.R. 744(E), dated the 4th October, 2011, G.S.R. 842, dated the 25th November, 2011, G.S.R. 318(E), dated the 25th April, 2013 and G.S.R. 397(E), dated the 25th June 2013, G.S.R. 226(E), dated the 13th March, 2014, G.S.R. 494(E), dated the 11th July, 2014, G.S.R. 354(E), dated the 29th March, 2016, G.S.R. 944(E), dated the 30th September, 2016, and G.S.R., G.S.R. 54(E), dated the 18th January, 2017, G.S.R. 382(E), dated the 31st March, 2017 and G.S.R. 863(E), dated the 30th June, 2017.

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