Union Government makes Aadhaar Mandatory for Opening Bank Accounts

Posted on:17 Jun 2017 09:21:40
Union Government makes Aadhaar Mandatory for Opening Bank Accounts
17 June 2017 Current Affairs:

  • The Union Government made Aadhaar mandatory for opening bank accounts as well as for carrying out financial transactions.

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



  • The Union Government made Aadhaar mandatory for opening bank accounts as well as for carrying out financial transactions.

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


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