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Feb 28, 2018
Feb 27, 2018
Feb 26, 2018
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Feb 23, 2018
Government extends Aadhaar-bank a/c linking deadline to March 31, 2018
"It has been decided by the Government to notify 31st March, 2018 or six months from the date of commencement of bank account based relationship by the client, whichever is later, as the date of submission of Aadhaar number & PAN or Form 60 by the clients to the reporting entity," a tweet by the Ministry of Finance said.
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.
While Aadhaar is issued by the Unique Identification Authority of India (UIDAI), PAN is allotted by the income tax department. Form 60 is a declaration filed by an individual who does not have a PAN and enters into certain financial transactions.
Ahead of the new directive, the last date for Aadhaar linking with bank account was December 31,2017. Earlier in the day, the Department of Revenue in the finance ministry had issued a notification+ paving the way for extension of the deadline.
The Centre last week informed the Supreme Court that it is willing to extend till March 31 the deadline for mandatory linking of Aadhaar to avail various services and welfare schemes.
Last week, the deadline for linking PAN with Aadhaar too was extended by three months to March 31, 2018.
Meanwhile, a five-judge constitution bench will continue hearing pleas seeking an interim stay on the Centre's decision directing mandatory linking of Aadhaar with various government schemes and welfare measures. The Centre had on December 7 told the apex court that the deadline for mandatory linking of Aadhaar to avail various services and welfare schemes would shortly be extended till March 31 next year.
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Feb 22, 2018
Personal loan from Bajaj Finserv for all your worries.
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This tax season, get Life Insurance and claim a deduction under Section 80C!
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Feb 21, 2018
Hi, Know the value of your car in just 10 seconds!
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Feb 16, 2018
Join us for Adobe Creative Cloud Webinar for Team on 20th Feb 2018
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Feb 14, 2018
Shop Visiting Cards Online: 100 Cards starts @ Rs140 plus Free Shipping
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Feb 13, 2018
With premiums starting from just Rs. 17/ day*, secure yourself AND save on tax too!
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Feb 9, 2018
Feb 7, 2018
Hi, Know the value of your car in just 10 seconds!
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Feb 6, 2018
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Feb 3, 2018
Feb 1, 2018
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