The Reserve Bank of India has said biometric identity number Aadhaar linkage with bank accounts is mandatory.
A major revelation is doing circles in the media and Aadhaar is yet again the center of it. After filing of an RTI the case seems to be at an very controversial turn. The RTI was seeking copy of file along with file noting regarding linking of Aadhaar with bank accounts.
Recently banks and the government urging people to link their Aadhaar with bank accounts by December 31. The Reserve Bank of India has said biometric identity number Aadhaar linkage with bank accounts is mandatory.
“The Reserve Bank clarifies that, in applicable cases, linkage of Aadhaar number to bank account is mandatory under the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017 published in the Official Gazette on June 1, 2017,” the central bank said in a statement.
These rules have statutory force and, as such, banks have to implement them without awaiting further instructions, it said.
The government in June had made Aadhaar mandatory for mandatory for opening bank accounts as well as for any financial transaction of Rs 50,000 and above.
The RTI query also explicitly asked if the apex bank had taken permission from the Supreme Court for mandatory linking of bank accounts with Aadhaar. The RBI replied saying it has not filed any petition before the SC.
Aadhaar has been a huge point of debate in recent times and its validity has been questioned by many. The Supreme Court has restricted its usage for six schemes (banking services not being one of them). The apex court is also due to hear petitions questioning the validity of Aadhaar.