Is It Mandatory To Link Bank Account With Aadhar?

The government has made it mandatory to link Aadhaar with all SBI savings accounts.

Making every kind of transaction will not be possible be it ATM withdrawal, cash deposit, fund transfer or passbook update if account holders do not link their bank accounts with Aadhaar..

What will happen if Aadhaar is not linked with bank account?

Hence, if the government has its way, bank accounts not linked to Aadhaar will cease to become operational and consequences could be worse than that of demonetisation. Blocking of one’s savings account will obviously lead to huge inconvenience and may well put a stop to your financial life.

Also from April 1, 2019 it has become mandatory to quote and link Aadhaar number while filing income tax returns unless specifically exempted. According to chartered accountants, an individual cannot file his/her ITR without linking the two first. Here is how you can link your PAN with Aadhaar.

Although it is not mandatory to link your bank account with Aadhaar number, you will have to do if you want to receive subsidy and social security benefits from the central and/or state government.

If your PAN is not linked with Aadhaar by the current deadline of March 31, 2020, then the PAN will become inoperative. An individual having an inoperative PAN will not be able to conduct financial transactions wherever quoting it is mandatory. … Using a non-operative PAN is the same as not having a PAN.

If you have multiple Bank accounts, you need to link all your Accounts to your Aadhaar number. It is now mandatory to do so! … In case you (account holder) fail to do so, your access to the account will be blocked, and will be granted only after you submit your Aadhaar, or proof of enrollment in Aadhaar.

The process of linking your Aadhaar with a bank account can be done both online and offline. … It can be done either through the online mode, offline mode, via SMS, through the respective bank’s ATM.

Linking your PAN card with Aadhaar is compulsory if you want to file your income tax return. Section 139 AA (2) of the Income Tax Act says that every person having PAN as on July 1, 2017, and is eligible to obtain Aadhaar, must intimate his Aadhaar number to tax authorities.

Is my PAN card linked with Aadhar?

If you have already linked/seeded your PAN with your Aadhaar, you can check the status both online as well as offline. The Income tax Department’s e-Filing portal provides an easy and simple way to link your Aadhaar card with PAN card as well as to check the same.

What is the benefit of linking Aadhaar with mobile number?

There are several benefits of linking your mobile number with your Aadhaar. You can e-verify the income tax return using your Aadhaar number wherein an OTP is sent to the linked mobile number. You can easily update your personal details online using your linked Aadhaar by entering an OTP sent to your mobile number.

As of now 96 crore bank accounts out of total 110 crore accounts have been linked to Aadhaar. No. Just, by knowing your Aadhaar number, no one can harm you.

Steps to Check Aadhar Card Status through Mobile NumberType the following SMS ‘UID STATUS <14 digit enrolment number>‘ and send it to 51969.If the Aadhaar has been generated, you will receive an SMS containing the Aadhaar Number.If not, an SMS is sent to you with the current status of the Aadhaar Card.

No, Mobile number is not updated online. To update mobile number, you can visit nearest Permanent Enrolment centre. No, your Aadhaar number will remain same throughout even after update. In case you are using online Self Service Update portal (SSUP) method of updation, you need to upload scan of original documents.

No, it is not mandatory to provide mobile number or email for Aadhaar enrolment. But it is always recommended to provide mobile number and email so that you get updates regarding your Aadhaar application status.

Once, you mobile number is linked, you can link your other mobile numbers to your Aadhaar through self-service website of UIDAI. Second case: One can re-verify all the numbers with Aadhar but only one number can be linked/registered to receive OTP for making changes and updation.