Linking Aadhaar to bank accounts mandatory? RBI clarifies

Following media reports quoting an RTI reply that said RBI has not issued any order, the apex bank on Saturday reportedly said Aadhaar linkage with bank accounts is mandatory. The central bank, in its statement, reportedly said, “The Reserve Bank clarifies that, in applicable cases, linkage of Aadhaar number to bank account is mandatory under the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017 published in the Official Gazette on June 1, 2017.”

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