Linking Bank Account with Aadhaar Card

[vishalrao]

Oooh scary. Aadhaar Enabled Payment System - Wikipedia

Must be a bank employee who was able to do this theft.

 

[Sushubh]

yup. aeps and bbps are taking control away from you from your own bank account. with bbps, the government is essentially asking you to link your bank account to bill payment services. so money can be taken out from your account even if you do not want to pay for whatever reasons.

 

[Sushubh]

Dear Mr Mittal

Greetings from YES Bank Ltd.
This is further to our mail.

We refer to your concern regarding the receipt of SMS towards updation of Aadhar details for your account held with us. In this regard, we inform that the updation of Aadhar details is mandatory as per the communication received from Ministry and we have shared below the extract from the circular no 15 dated 24 May 2016 for your perusal.

“ The Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 has been published in the Official Gazette on 26th March, 2016 pursuant to the assent of the President received on 25th March, 2016. Section 7 of the Act enables the Central Government to use Aadhaar for establishing identity of an individual while delivering any service on which the expenditure is incurred from or the receipt therefrom forms part of the Consolidated Fund of India. Linking of Aadhaar number with the Bank account facilitates credit of social benefits / subsidies through Aadhaar Payment Bridge System (APBS) of NPCI.

Publicity: Pamphlets, Banners at Branches & BC Locations. SMS may be sent to accounts having mobile numbers.”

We trust the above clarifies your concern.

Please let us know if you require any further information / clarification in this regard.

We thank you for banking with us and look forward to your continued patronage.

Assure you best of our services.

In case you need any further assistance, we request you to kindly get in touch with us through our YES TOUCH Phone Banking numbers listed below.

Thanking You

Sincerely,
Gousiya Banu
Office of Head Grievance Redressal
YES Bank

 

[Sushubh]

The content from the circular does not seem to make aadhaar linkage mandatory with bank accounts to the best of my understanding.

 

[Sushubh]

PM Modi must protect India’s banking system from ‘hack attack’

 

[Sushubh]

Not sure if already posted.

Reserve Bank of India - Notifications

2. In this connection, in view of the Hon’ble Supreme Court of India’s interim orders dated August 11, 2015 and October 15, 2015 (W.P. ( c ) No. 494 of 2012) on usages of Aadhaar, it is hereby clarified that use of Aadhaar Card and seeding of bank accounts with Aadhaar numbers is purely voluntary and it is not mandatory.

 

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[genie]

What the facta it means I do not know

Accounts opened from July 2014 to August, 2015 will have to submit know your customer (KYC) details and their Aadhaar number to banks and financial institutions by April 30 and self-certify them to comply with FATCA regulations (Foreign Tax Compliance Act), the tax department said on Tuesday.

Read more at:
Aadhaar: Your bank, other financial accounts may be blocked if you don't link them with Aadhaar by April 30 - The Economic Times

 

[Sushubh]

Banks say no to customers sans Aadhaar

A spokesperson for HDFC Bank said, “Aadhaar seeding is not mandatory for opening a bank account. You will appreciate that we encourage customers who have an Aadhaar card to link it with their bank accounts.”

I will appreciate?

 

[mhsabir]

That they are helping you get the govt subsidies directly into your account.

 

[dextermorgan]

Banks say no to customers sans Aadhaar



I will appreciate?

they're not forcing you but gently nudging you to give adhaar. ofcourse this is their twitter statement. in reality on ground, they're plainly refusing to open account without adhaar saying govt orders.