The Government of India has issued a notification that requires you to link your Aadhaar with bank account before March 31, 2018. Failure to do so will result in your bank account becoming inoperable. While the Supreme Court will begin the final hearing on the petitions challenging Aadhaar from January 18, the Government of India has expressed willingness to link Aadhaar with bank accounts to avail benefits of State-run services.
The Unique Identification Authority of India has also tightened rules to map the Aadhaar number to bank accounts in the wake of data misuse allegations against Bharti Airtel. Now, the bank will need customer’s “explicitly informed consent” to link the bank account with the unique identification number. As per the latest notification, the National Payments Corporation of India will also disable the override feature preventing banks from linking Aadhaar without the consent of users.
While it may not be mandatory to link Aadhaar Card with your bank account, for now, it appears that there is no escaping the process. Irrespective of the impending Supreme Court verdict, it is better for the honest taxpayers to link their bank accounts with Aadhaar at the earliest. The process is more or less same for most of the banks. You will have the option to do it either online, offline, or via phone banking.
Most banks also provide an option to map your Aadhaar number using the ATM. This can be done using your debit card and PIN. The ATM menu could differ from bank to bank but would not be any different from withdrawing money. The only difference being, you will have to enter your 12 digit Aadhaar number to complete the seeding process. You can also link your bank account with Aadhaar number using the phone banking services provided by your bank.