AMN
Reserve Bank of India today said biometric identity number Aadhaar linkage with bank accounts is mandatory.
The RBI clarification followed media reports quoting a reply to a Right to Information (RTI) application which suggested the apex bank has not issued any order for mandatory Aadhaar linkage with bank accounts.
But the Reserve Bank, in a statement, clarified that linkage of Aadhaar number to bank account is mandatory under the Prevention of Money-laundering (Maintenance of Records) Rules.
It said, these rules have been published in the Official Gazette on 1st of June this year.
It also said, these rules have statutory force and, as such, banks have to implement them without awaiting further instructions.