Instabill - GST Invoice, Payment & Inventory Software
Government extends Linking of Aadhaar-bank account deadline to March 31, 2018
It has been decided by the Government to extend the deadline to March 31, 2018 from earlier deadline December 31, 2017, to link Aadhaar card with a bank account or six months from the date of commencement of bank account based on the relationship by the client, whichever is later.
The government also said that the decision to extend the deadline was taken after various representations as well as inputs received from banks, it added.
The decision effectively means that for existing bank accounts which are more than six-months-old, the deadline is March 31, 2018. On the other hand, for accounts opened after October 1, 2017, the deadline will be six months from the date of opening the account.
The government had earlier made quoting of the 12-digit biometric identifier Aadhaar mandatory for old and new bank accounts as well as for any financial transaction of Rs 50,000 and above. This will help the government to trace the tax evasion and other prohibited activities.
Meanwhile, a five-judge constitution bench will continue hearing please seeking an interim stay on the Centre's decision directing mandatory linking of Aadhaar with various government schemes and welfare measures.
In case you need assistance with the Aadhar Linking you can fill out our inquiry form and arrange a call from E-Startupindia business advisors at 8881069069.
