1) Aadhaar-bank accounts/financial services linking:
Those already holding bank accounts are required to furnish the Aadhaar number by December 31, 2017, failing which the account will cease to be operational, according to a notification from the revenue department.
2) Aadhaar-PPF, NSC linking
For opening a post office account or investing in small savings schemes such as National Savings Certificates (NSC), Public Provident Fund (PPF) and Kisan Vikas Patra, Aadhaar is a must. While Aadhaar holders are required to mandatorily produce the Aadhaar, those not having an Aadhaar card or Aadhaar number as yet can quote the EID or enrolment identity number of their Aadhaar application, the government has said.
Existing depositors can update their Aadhaar number till December 31, 2017, according to a notification issued by the finance ministry.
3) Aadhaar- Insurance policy linking:
4) Aadhaar-mutual fund linking
Whether you are a first time investor to mutual funds or seasoned trader, new regulations under the Prevention of Money Laundering Act (PMLA) have mandated that everyone must link their aadhaar number to their mutual funds profile. The amendment to eKYC (Know Your Customer) norms will be used to track the legality of funds used for investments.
5) Aadhaar linking with SIM
The government has said that it is mandatory for Aadhaar to be linked with mobile SIM. The deadline for this is February 6, next year.
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