10 Documents and accounts to be linked with Aadhaar

Aadhaar as the name rightly suggests would be the base of all your financial and non-financial dealings in the future. The government of India is bringing in more and more documents and accounts to be linked to the Unique ID(UID) issued by the UIDAI. Aadhaar is a 12 digit unique number issued by UIDAI(“The Authority”) to all the residents of India after satisfactory due diligence process laid down.There is no cost attached to getting enrolled for Aadhaar.

It uses a robust technology to eliminate duplicates and fake identities and is being used as a primary identifier to ensure that the Government welfare schemes and programmes are being delivered effectively and with transparency. This is a big step towards good governance.

There are a number of documents and accounts where linking your Aadhaar number has been made mandatory. Then there some on which it has not been made compulsory but it can surely help in revalidation of existing documents.

Here’s a list of important accounts and documents which have to be linked with Aadhaar:

1. Bank Account

The government has made it mandatory for all the bank account holders to get their Aadhaar number linked to their savings bank accounts. As of now, the deadline for getting this done is December 31, 2017, and you would not be able to operate your bank accounts if Aadhaar is not updated by then, unless there’s an extension in timeline given by the government for doing so.

2. Mutual fund investments

Similarly you have to get your Aadhaar number linked to all your mutual fund schemes purchased till date. This follows a recent amendment in the Prevention of Money Laundering Act (PMLA) Rules, 2017. At present, the last date to comply with this directive is December 31, 2017.

3. PAN card

As per the earlier notification of Govt of India, income tax returns filed after July 1, 2017 would be accepted only after a a person  had linked his PAN with Aadhaar. The revised deadline set by the government to comply with this directive is December 31, 2017. Individuals will have to link their PAN with Aadhaar by this date, after which their returns will be processed.

4. Social security schemes

In order to ensure that the benefits of social security schemes reach the beneficiaries, Aadhaar has been made mandatory in schemes like Pradhan Mantri Matru Vandana Yojana, Atal Pension Yojana, Pradhan Mantri Ujjwala Yojana, and the deadline to furnish Aadhaar details for the same is December 31,2017. However, a number of petitions challenging the mandate on Aadhaar have been filed in the court of law, stating that it is an intrusion into a citizen’s fundamental right to privacy. . Final decision of Supreme Court of India is awaited.

5. Pension account

Since January 2017, pensioners have to provide either Aadhaar or enrolment ID to remain beneficiaries of EPFO’s social security schemes. To comply with the EPFO directive, with effect from February 1, 2017, those who are eligible for pension under the Employees’ Pension Scheme (form 10C – more than ten years of continuous service) must update their Aadhaar number with the EPFO.

6. Mobile SIM cards

As per the Govt. of India directive, Aadhaar based e-KYC verification for all existing mobile phone subscribers must be done by February 6, 2018. Even for new mobile connections, Aadhaar has been made mandatory now.

Here comes a list of documents and accounts where linking or quoting Aadhaar is not mandatory, but doing so can make your life easy.

7. Faster provident fund (PF) claims

Linking of your Aadhaar number with your PF account is not mandatory.  However, if you do so, it will allow you to apply for the claim online and get it released within 5 days, as against a timeline of over a month without Aadhaar linking. This has been an initiative of the EPFO’s to reduce the turn-around-time to settle PF claims and to go paperless.

8. Death certificate

From October 1, 2017, for the purpose of establishing the identity of the deceased, death certificates will need to have the person’s Aadhaar number.This is being done to avoid benefits or subsidies being claimed in the name of deceased. A certificate has to be furnished by the applicant if the deceased’s family does not know the Aadhaar number of the deceased person. False declarations will punishable under the Aadhaar Act and the Registration of Births and Deaths Act, 1969. The person applying for the death certificate for a family member also needs to furnish his or her Aadhaar. So, for getting a death certificate also, furnishing Aadhaar is effectively mandatory.

9. Direct Benefit Transfer (DBT)

Although not mandatory, seeding your DBT scheme-linked accounts with Aadhaar protects you against duplication and fraudulent activity and ensures that the money meant for you reaches directly to your Aadhaar-linked bank account. This will make the service delivery transparent and quick.

10. Driving licence and registration of new vehicles

The government is also planning to link driving license and the registration of vehicles with Aadhaar number of the owner. The objective is to curb the issue of fake licences and the registration of stolen vehicles. The Aadhaar number’s biometric data is expected to help prevent such malpractices.

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