Now, Aadhaar a must for PPF, post office, Kisan Vikas Patra deposits

Aadhaar

Govt insisted on quoting Aadhaar for bank deposits, obtaining mobile phone and several other utilities to weed out benami deals and black money


LATEST NEWS : The government has made biometric identification Aadhaar mandatory for all post office deposits, PPF, the National Savings Certificate scheme and Kisan Vikas Patra.

Existing depositors have been given time till December 31, 2017, to provide the 12-digit unique identification number.


Ministry of Finance has issued four separate Gazette notifications making Aadhaar mandatory for opening all post office deposit accounts, Public Provident Fund (PPF), National Savings Certificate scheme and Kisan Vikas Patra deposits.

"Provided that where Aadhaar number has not been assigned, the depositor shall submit proof of application for enrolment for Aadhaar," the notification dated September 29 said.

Existing depositors who have not provided Aadhaar number at the time of application for such deposit "shall submit his Aadhaar number to the post office savings bank or deposit office concerned, on or before December 31, 2017," it added.

The government has insisted on quoting Aadhaar for bank deposits, obtaining mobile phone and several other utilities to weed out benami deals and black money.

Last month, it extended the deadline for obtaining Aadhaar for availing government schemes and subsidies by three months to December 31. Earlier, those who did not have Aadhaar were asked to procure it by September 30.
ALSO READ THIS :  From quarterly returns to exporters' e-wallet: 5 steps GST Council can take

Comments

Post a Comment

Popular posts from this blog

Tigor launched at Rs 4.7 lakh: Tata eyes a seat in Swift Dzire's market

Image
It comes in four variants in the price range of Rs 4.7 lakh to Rs 6.19 lakh Upping the ante in the crowded compact sedan category,  Tata Motors  on Wednesday launched Tata Tigor , its third product in the tax-efficient sub-four metre sedan segment. The biggest selling point for Tigor is its aggressive pricing. At Rs 4.7 lakh for the base petrol variant, Tigor is now the cheapest compact sedan in the country and even undercuts Tata’s existing models. For example, the largest-selling car in the segment - Swift Dzire - starts at Rs 5.27 lakh, while the base petrol version of Indigo CS, from the Tata stable, is priced at Rs 5.03 lakh. Besides Indigo CS, Tata Motors also sells the Zest in the segment, but has not been able to break the dominance of Maruti Suzuki’s Swift Dzire in the category. The compact sedan and hatchback category, accounted for over 40% of car sales in January 2017, at over 114,000 units. Maruti accounted for 56,000 cars in the category, with Swift D...
Read more

Xiaomi Redmi 4 goes on sale at 12 on Amazon: Here's all you need to know

Image
The Redmi 4 is a capable smartphone with a perfect screen size and resolution. Watch hands-on review Xiaomi's latest budget offering, the Xiaomi Redmi 4 , is going on sale at 12 noon on Tuesday, exclusively on Amazon India. In the first flash sale that took place on May 23, the smartphone had seen a huge interest from buyers and registered a record sales number of a whopping 250,000 units within the first eight minutes. According to Amazon.in, the Xiaomi Redmi 4 had recorded more than 10 million hits per minute on the site, after having received some 2.3 million ‘notify me’ alerts from customers since the launch announcement on May 16. Read this: Strike today: Chemists down shutters across India, protest e-platform plan The dual-sim budget smartphone with VoLTE capabilities is the latest offering from Xiaomi and offers an all-round performance. The Xiaomi Redmi 4 smartphone is available in three storage and RAM options – 16GB/2GB, 32GB/3GB and 64GB/4GB -- which ...
Read more

Axis Bank approves re-appointment of Shikha Sharma as CEO

Image
Her current term comes to an end in June 2018 LATEST NEWS :      Shikha Sharma has been re-appointed as MD&CEO of Axis Bank for three-year term from June 2018, putting to rest rumours about her being sounded out to head Tata's financial services vertical. Axis Bank informed Bombay Stock Exchange that board of directors has approved the re-appointment. The board held its meeting on 26th July, 2017. The appointment is subject to compliance with the prescribed formalities and receipt of requisite regulatory/ statutory approvals, the private lender said. Axis  had appointed an executive search firm to carry work on zeroing in on CEO to head the bank after her current term was to end in June 2018. Earlier in the day Sharma told media:  “The appointment of a search firm was in the interest of best governance, given that I would have done nine years with the bank in June 2018. It does not preclude anything about whether I will d...
Read more