Friday 22 December 2017

Documents and Accounts to link with Aadhaar

From getting a mobile connection to conducting financial transactions, you just can’t escape Aadhaar. Here is list of accounts and documents which have to be linked with Aadhaar mandatorily, and those where linking or quoting is not a must but doing so can make your life easier.

Bank Account – The govt. has made it mandatory for banks to verify and link their customers Aadhaar’s with their savings accounts.

Mutual Fund Investments – It has been made mandatory for financial institutions like fund houses to get their customers Aadhaar numbers and link the same to their respective accounts.

PAN Card – The govt. had earlier notified that income tax returns filed after July 1, 2017 would be accepted only after the assesse linked his PAN with Aadhaar.
Social Security Schemes – To avail benefits of social security schemes such as Atal Pension Yojana and Pradhan Mantri Ujjwala Yojana, the Aadhaar is mandatory.

Pension Account – The Employees Provident Fund Organization has made it mandatory for its pensioners to provide either Aadhaar or enrolment ID to remain beneficiaries of social security schemes.

SIM Cards – Aadhaar based e-KYC verification for all mobile phone subscribers are mandatory.

Faster Provident fund claims – Although it is not mandatory to link your Aadhaar number to your PF account, doing so will allow you to apply the claim online and get it within 5 days.

Direct Benefit Transfer – It is advisable to provide your Aadhaar details to get benefits under the government’s DBT schemes even though it is not mandatory. Doing so you safeguard against duplication or fraudulent activities and ensure that the money transfer reaches directly to your Aadhaar linked bank account.

Death Certificate – DC will need to have the deceased person’s Aadhaar number. The person applying for the death certificate for a family member needs to furnish his or her Aadhaar as well.

Driving license and registration of vehicles – The govt. is planning to link driving license and the registration of vehicles with the owner’s Aadhaar number. This is being done to prevent the insurance of fake licenses and registration of stolen vehicles.

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