Aadhaar seeding reaches a new high, nearly 87 crore bank accounts linked

Aadhaar Card

Aadhaar CardA month prior to the deadline of Aadhaar linkage, nearly 80 per cent of the bank accounts and 60 per cent of the mobile connections have been seeded with biometric identification entity, said a senior official.

According to Centre’s mandate, March 31 2018 was marked as the last date to link Aadhaar number with bank accounts and mobile numbers. This move was initiated to put a check on unaccounted wealth.

Linking of Aadhaar with income-tax permanent account number (PAN) was also made mandatory to curb the menace of black money.

Reportedly, out of the 109.9 crore banks accounts, nearly 87 crore have been linked with Aadhaar, said the official. Out of the total number, final verification of 58 crore is pending.

Furthermore, out of 142.9 crore active mobile connections, 85.7 crore have already seeded with  Aadhaar.

"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.