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  1. Aadhaar bank account linking: As UIDAI deadline nears, banks rush to set up enrolment centres

Aadhaar bank account linking: As UIDAI deadline nears, banks rush to set up enrolment centres

With UIDAI's deadline for banks to set up enrollment centres being just a few days away, both public and private sector banks seem to be in a rush to set up Aadhaar centres in their branches.

By: | Published: September 25, 2017 1:47 PM
UIDAI deadline for banks to set up Aadhaar centres, Aadhaar enrollment centres, banks in a rush to set up Aadhaar centres, bank branches UIDAI had in July asked private as well as public banks to open Aadhaar enrolment facilities in one out of every 10 branches they operate.

With the Aadhaar-issuing body UIDAI’s deadline for banks to set up enrollment centres being just a few days away, both public and private sector banks seem to be in a rush to set up Aadhaar centres in their branches, according to media reports.

It may be recalled that in July, the Unique Identification Authority of India (UIDAI) had asked private as well as public banks to open Aadhaar enrolment and updation facilities in one out of every 10 branches they operate. The initial deadline for doing so was August-end. However, according to a PTI report, as many banks sought additional time from UIDAI for setting up such facility on their premises, UIDAI earlier this month gave banks one more month to open Aadhaar enrolment centres in a stipulated 10 per cent of branches. It, however, said that it will impose Rs 20,000 as fine per uncovered branch after September 30, 2017.

“The enrolment and updation facilities are now being made available within the premises of branches of all scheduled and commercial Banks as…UIDAI has directed them to open these Bank Aadhaar Kendras by September 30, 2017 for the convenience of the people,” the UIDAI said in a statement.

Talking about this development, UIDAI recently said that over 1,000 bank branches of 42 private and public sector banks have already opened Aadhaar enrolment and updation centres within their premises. It said it has received commitments for opening of such centres in 15,000 bank branches at the earliest. “Bank Aadhaar Kendras are being established with a view to make the Aadhaar verification process of bank accounts convenient for the people as it has become mandatory under amended Prevention of Money Laundering Rules to verify bank accounts with Aadhaar by December 31, 2017,” Ajay Bhushan Pandey, CEO of UIDAI, said in a statement.

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