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This number is your lifeline: 10 vital things you cannot do without Aadhaar

10 August, 2017 12:25 PM
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NEW DELHI: True to its name, Aadhaar is going to become the basis of most of your business and official transactions. In addition to scores of other compulsory Aadhaar uses, the government may soon become it mandatory for buying shares and mutual funds too. The government is planning to link Aadhaar to financial market transactions to try and curb sharp practices such as conversion of black money into white through the stock market.

Aadhaar is mandatory for opening a bank account. Also, all existing bank account holders have to provide their Aadhaar numbers to their banks. It is also mandatory for any financial transaction of Rs 50,000 and above.

The government has made it compulsory to mention Aadhaar for filing of income tax return.

Aadhaar has been made compulsory if you apply for a permanent account number (PAN). An existing PAN has to be linked with Aadhaar number.

Employees' Provident Fund Organisation (EPFO) has made it compulsory to link provident fund account with Aadhaar.

You have to provide your aadhaar number to get a new phone number. The existing number also has to be linked with Aadhaar.

Students who apply for central scholarships and other financial assistance schemes need to provide their Aadhaar number.

Ministry of External Affairs has listed Aadhaar card as one of the mandatory documents for applying for a passport. You won’t be able to get your passport without Aadhaar.

To plug misuse and leakages, Indian Railways has made it mandatory to quote Aadhaar to avail of concessions on railway tickets.

Students of government-funded schools will not be able to get mid-day meal without Aadhaar card.

Also read: ‘SBI, PNB account for 40% of bad loans’

Source: economictimes.indiatimes.com

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