NEW DELHI — The deadline to link the Aadhaar number to bank accounts has been extended by three months to March 31, the government announced Dec.13, even as the Supreme Court is set to commence hearings Dec. 14 on the mandatory linking of Aadhaar to various schemes.
The deadline to link the 12-digit unique identification number with both the Permanent Account Number and bank accounts was Dec. 31. Last week, however, the government extended the deadline to link Aadhaar with PAN to March 31.
The Department of Revenue under the Finance Ministry then issued a notification Dec. 12 that Aadhaar must also be linked to bank accounts. The notification, however, did not mention the new deadline, leaving it open-ended.
The government later issued a press release, which said the deadline was March 31.
According to the Dec. 12 notification, the words "submit the Aadhaar number and PAN by Dec. 31, 2017" have been replaced by "submit the Aadhaar number, PAN or Form No. 60 by such date as may be notified by the Central government."
The release said under the provisions of Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017, it was provided that if a client already in possession of a bank account or any other account-based relationship with reporting entities prior to the date of the notification fails to submit the Aadhaar number and PAN by Dec. 31, "the said account shall cease to be operational till the time the Aadhaar number and PAN is submitted by the client."
Regarding those who have opened new accounts, the deadline for submitting Aadhaar number and PAN was "six months from the date of the commencement of the account based relationship."
"After considering various representations received in this regard and inputs received from banks, it has been decided to notify March 31, 2018, or six months from the date of commencement of account based relationship by the client, whichever is later, as the date of submission of the Aadhaar number, and Permanent Account Number or Form 60 by the clients to the reporting entity," the statement said.