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TMI BlogLinking Rupay Card and Accounts with AadhaarX X X X Extracts X X X X X X X X Extracts X X X X ..... Linking Rupay Card and Accounts with Aadhaar - News and Press Release Dated:- 23-7-2019 - News - With regard to linking of bank account with Aadhaar, Ministry of Electronics and Information Technology (MeitY) has apprised that The Aadhaar and Other Laws (Amendment) Bill, 2019 has been passed by the Parliament. The bill, inter-alia, has the provision for allowing the use of Aadhaar authent ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ication on voluntary basis as acceptable Know Your Customer (KYC) document, by inserting Section 11A under the Prevention of Money Laundering Act, 2002. Further, as per Reserve Bank of India (RBI s) Master Direction on KYC dated 25.2.2016 (as amended in May 2019), banks are to obtain the Aadhaar number from an individual who is desirous of receiving any benefit or subsidy under any sche ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... me notified under section 7 of the Aadhaar (Targeted Delivery of Financial and Other subsidies, Benefits and Services) Act, 2016 (18 of 2016). Account holders under Pradhan Mantri Jan-Dhan Yojana (PMJDY) are provided with a RuPay Debit card, having an inbuilt accident insurance cover of ₹ 1 lakh (₹ 2 lakh for PMJDY accounts opened after 28.08.2018). As apprised by National Pay ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ments Corporation of India (NPCI), linking of Aadhaar is not mandatory for activation of RuPay cards. This was stated by Shri Anurag Singh Thakur, Minister of State for Finance Corporate Affairs in a written reply to a question in Rajya Sabha today. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMIT ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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