Any account opened after 1 June would have 6 months to be linked to Aadhaar, failing which, access to the account would be blocked.
Aadhaar is slowly becoming an important detail to conduct any financial transaction. From filing income tax returns to availing government schemes and benefits, the Indian Government is slowly making submission of Aadhaar Card mandatory for a lot of procedures. Known as Aadhaar seeding, State Bank of India or SBI is offering many options to connect your bank account to your Aadhaar number. SBI users have the option to upload their Aadhaar details online or through SMS in a particular format to a specific number provided by the bank. SBI is also allowing customers to link their Aadhaar number to their bank account at an ATM.
While the government has extended the deadline for filing ITR or income tax return to August 5, it also extended the last date to link Aadhaar with PAN to August 31.
Also read: ‘SBI, PNB account for 40% of bad loans’