Further, for your own security and security of our country, it is advised to verify identity of all mobile subscribers using an identifier like Aadhaar.As per the amendments of the Telegraph Act, 1885, telecom users can use their Aadhaar number as a KYC documents along with authentication on voluntary basis to obtain a new mobile connection. Is Aadhaar mandatory for getting mobile SIM? Remember, linking your bank account with Aadhaar in this case is optional.ĥ. However, if you do not wish to submit Aadhaar, then you may use any other officially valid documents as prescribed by Reserve Bank of India. For other banking services, Aadhaar is a preferred KYC document.As per the Prevention of Money-laundering (Maintenance of Records) Third Amendment Rules, 2019, if you wish to receive any benefit or subsidy under any scheme notified under section 7 of the Aadhaar (Targeted Delivery of Financial and Other subsidies, Benefits and Services) Act, 2016 (18 of 2016), it is mandatory to submit Aadhaar number to the banking service provider.Is it mandatory to link my bank account with Aadhaar? Aadhaar number alone cannot be used for banking or any other service.Ĥ. Rest assured, there has not been a single case of financial loss due to Aadhaar.Your bank account is safe if you don’t part with your PIN/OTP given by banks.Just as by merely knowing your ATM card number, no one can withdraw money from the ATM machine by knowing your Aadhaar number alone, no one can hack into your bank account and withdraw money. Can someone hack into my bank account if they get to know my Aadhaar number? UIDAI will never receive or collect the details of your bank, investments, insurance, etc.ģ.
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