Date : Oct 21, 2017

RBI clarifies that linking Aadhaar to bank accounts is mandatory

Some news items have appeared in a section of the media quoting a reply to a Right to Information Act application that Aadhaar number linkage with bank accounts is not mandatory.

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 published in the Official Gazette on June 1, 2017.

These Rules have statutory force and, as such, banks have to implement them without awaiting further instructions.

Jose J. Kattoor
Chief General Manager

Press Release: 2017-2018/1089

More Under Fema / RBI

2 Comments

  1. Birinder singh says:

    I want aadhaar made for my daughter but every body linking of aadhaar car is must but wher can I get car made I am staying in Khar west Mumbai 400052 but I cannot know where to go can you help
    Birinder singh

  2. GANDHI MOHAN BHARATI says:

    I have a peculiar problem. INDIAN BANK refuses to Link more than one A/c with Aadhhar.

    I have a pension A/c where Aadhaar is linked. It has to be in Individual name.

    I have another A/c as “E or S” with my wife. When the Branch enters Aadhaar for the E or S A/c the System throws it out stating Aadhaar already linked with another A/c

    This does NOT happen with other Banks.

    No amount of writing to even the level of NODAL OFFICER of INDIAN BANK has solved the problem so far.

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