FreeCurrencyRates.com

इंडियन आवाज़     23 Nov 2017 08:26:30      انڈین آواز
Ad

Now Aadhaar card mandatory for opening bank account

AADHAR

Government has made Aadhaar card mandatory for opening of bank account and financial transactions of 50 thousand rupees and above. According to a notification issued by Revenue Department, all existing bank account holders have also been asked to submit Aadhaar to banks by 31st of December this year. The accounts which are not be seeded with Aadhaar number by due date will become invalid.

The notification issued amending the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, mandated quoting of Aadhaar along with PAN by individuals, companies and partnership firms for all financial transactions of 50,000 or above.

So far, as per the PMLA Rules it is mandatory to provide PAN number or Form 60 to banks while opening of accounts or for high value transactions.

The government in Budget 2017 has already mandated seeding of Aadhaar number with Permanent Account Number to avoid individuals using multiple PANs to evade taxes.

Follow and like us:
20

Leave a Reply

You have to agree to the comment policy.

Ad

NEWS IN HINDI

राहुल गांधी की ताजपोशी का असर गुजरात में दिखेगा..?

राजीव रंजन नाग / नई दिल्ली अगले चार दिसम्ब ...

अब बिहार से नेपाल के लिए ट्रेन चलेगी

  नई दिल्ली: रेलवे ने बिहार वासियों को ए ...

हार्दिक ने कांग्रेस को समर्थन का एलान किया

  नई दिल्ली : गुजरात में विधानसभा चुनाव ...

UP: अवैध गन्ना खरीद में लिप्त गन्ना माफिया जाएंगे जेल

अवैध खरीद में लिप्त पाए जाने पर चीनी मिलें ...

Ad
Ad
Ad

SPORTS

7 Indian boxers to play quarter final of AIBA Women Youth Boxing Championship

In the AIBA women youth boxing championship, seven Indian pugilists will vie for Semi final berth in different ...

Hong Kong badminton super series, Indian Shuttlers to play eight matches

AMN Indian Shuttlers will play eight matches in different events at the Hong Kong Super Series at Kowlong, to ...

Ad

Archive

November 2017
M T W T F S S
« Oct    
 12345
6789101112
13141516171819
20212223242526
27282930  

OPEN HOUSE

Mallya case: India gives fresh set of documents to UK

AMN India has given a fresh set of papers to the UK in the extradition case of businessman Vijay Mallya. Ex ...

@Powered By: Logicsart

Help us, spread the word about INDIAN AWAAZ

RSS99
Follow by Email20
Facebook210
Facebook
Google+
http://theindianawaaz.com/now-aadhaar-card-mandatory-for-opening-bank-account">
LINKEDIN