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Linking Aadhaar number to bank accounts mandatory: RBI

Linking Aadhaar number to bank accounts mandatory: RBI

| @indiablooms | 21 Oct 2017, 08:02 pm
Mumbai, Oct 21 (IBNS): The Reserve Bank of India on Saturday clarified that linking Aadhaar number with bank accounts is mandatory for everyone.

In a statement, the RBI said: "Some news items have appeared in a section of the media quoting a reply to a Right to Information Act application that Aadhaar number linkage with bank accounts is not 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 statement said.

"These Rules have statutory force and, as such, banks have to implement them without awaiting further instructions," it added.

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