Aadhaar Card—developed by unique identification authority of India (UIDAI)—holds huge potential today. The 12-digit unique authentication number must be linked to almost all the documents to avail the benefits of government scheme. Under the Prevention of Money Laundering Act, 2002, the government has now also made it compulsory to link all the financial documents to Aadhaar number to keep a check on the fraudulent activities. There are a list of documents that should be linked to Aadhaar Card to keep it operational, which otherwise may freeze any policy or lock the bank account.
List of Documents that should be linked with Aadhaar:
Aadhar Bank Account Link
The government has made Aadhaar-bank account linking mandatory in order to receive the benefits of government scheme directly into the account. The deadline to complete the seeding is 31 March 2018, however many are not aware how to link bank account with Aadhaar. Briefly, there are two ways to link Aadhaar card with bank account, which are: online and offline. The revenue department has notified that if the accounts are not linked to the 12-digit unique identification number within the deadline, the account will be un-operational. However, the bank account can be activated on linking the account with Aadhaar number.
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Aadhar Mutual Funds Link (31st March 2018)
To keep a track of financial irregularities, the government has made it mandatory to link Aadhaar with all the mutual fund. The last date to link the mutual fund folio is 31 March 2018; the failure of which may freeze the MF account. A mutual fund holder can’t deposit any amount in that folio until they complete the seeding process. SMS, physical KYC, online and registering with fund houses are some of the ways through which the linking can be done.
Aadhaar PAN Card Link (31st March 2018)
Linking PAN Card with Aadhaar is mandatory for all the tax payers, applying for income tax return. The central board of direct taxes (CBDT) has the made the seeding mandatory to apply for income tax returns, for the financial year 2017-18. To aid the taxpayers, the board has extended the last date to 31 March 2018. In case, the last date is missed, the return filed would be considered invalid. Filing late income tax return would be considered belated that will attract penalty charges.
Aadhar Insurance Policies Link (31st March 2018)
Under prevention of money laundering Second Amendment Rules, 2017, linking insurance policy with Aadhar is mandatory. The linking process is amended to reduce fraudulent acts, last date if which is 31 March 2018. Insurance holder, who don’t link insurance policy with Aadhaar, will not be able to claim the insurance until they complete the Aadhaar and PAN/Form 60 linking. The insurance regulatory and development of India (IRDAI) has notified all the insures, including 33 general insurance and 24 life insurance companies, to help their policy holders complete the process. Linking LIC policy with Aadhaar is mandatory for both the new and existing customers.
Aadhar Employee Provident Fund Link (31st March 2018)
The employees provident fund organization has now made it mandatory to link EPF account with Aadhaar. The last date to seed employee provident fund with Aadhaar is 31 March 2018. The EPF account holder should connect the assigned unique account number to Aadhaar number in order to receive the monthly updates on the mobile number. In fact, by linking Aadhaar with EPF account, the EPF holders can send claims directly to EPFO database.
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Aadhar Small Saving Schemes Link (31st March 2018)
Under the guidance of union government, every post office deposits should be linked to Aadhaar number before 31 March 2018. The schemes like public provident fund, kisan vikas patra deposits and national savings certificate scheme must be linked to the 12-digit unique identification number. However, the investors, who are yet to receive their Aadhaar card, can submit their enrolment identity number of the Aadhaar application.
Aadhaar Scholarship Account Link (31st March 2018)
A scholarship holder should link their scholarship number with Aadhaar number before 31 March 2018. The unique identity number developed by UIDAI is now mandatory to get the scholarship benefits. This will help the beneficiary to take the advantage of the benefits. However, ensure to link bank account with Aadhaar number to receive the scholarship in the bank account.
Aadhaar Ration Card Link (31st March 2018)
Aadhaar number and ration card linking should be completed before 31 March 2018. In case, the two documents are not linked, availing the groceries in discounted rate gets blocked. Both online and offline methods can be used to link ration card with Aadhaar. The seeding will stop the misuse of ration cards.
Aadhaar Mobile Link
Aadhaar card linking to mobile number is vital now, without which many of the benefits can’t be achieved. The department of telecommunication (DoT) has notified all the telecom operators across the nation to help subscribers complete the seeding process within 6 February 2018. Using online and offline methods, mobile number can be linked to Aadhaar. The telecom operators are constantly notifying its subscribers to complete the linking, in order to continue with the services.
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Aadhar IRCTC Account Link
Linking the 12-digit unique identification number to an IRCTC account is now compulsory for those who want to book more than 6 tickets in one month. A traveler can book a maximum of 12 tickets by linking IRCTC with Aadhaar. To book tickets, the passenger should also select an additional passenger in the master list, who has completed the Aadhaar re-verification.
Aadhar Driving License Link
Aadhaar card is mandatory for almost all the spheres now. The government has now made it mandatory to link Aadhaar with driving license to prevent crime and accident case. The seeding can be done online, however, the government has not declared any final date to complete the process.
Aadhar Pension Account Link
The national pension scheme (NPS) managed by Pension Fund Regulatory and Development Authority (PFRDA), has made it mandatory to link Aadhaar number with pension account. With Aadhaar verification on place, subscribers can now open a new account through Aadhaar verification and submitting e-signature. It is not required to submit the physical application form for opening a pension account. However, subscribers should ensure that the details present on the Aadhaar card and permanent retirement account number (PRAN) are alike. A pension account holder should submit self-attested Aadhaar card copy and PRAN card copy for making any correction in PRAN card. The pension account is directly linked to the Aadhaar verified bank account of the pensioner; and upon his demise, the nominee will automatically start receiving the benefits.
Aadhar LPG Connection Link
All the LPG subscribers should now link Aadhaar with their LPG connection to receive the benefits of LPG subsidy. However, many are not aware how to link LPG connection with Aadhaar. The first-prerequisite of the linking process is seeding Aadhar and bank account, where the subsidy is received. Once Aadhaar-bank linking is done, the Aadhaar card should be linked to LPG gas connection. The last date to complete the seeding process is 31 March 2018. The customers of Bharat gas, Indane and HP gas should complete the process online to receive the benefits.
Read more Link Aadhaar Card to LPG Gas Connection
Aadhar Voter ID Link
Providing vote is everyone’s right, however there are lot of fraudulent acts that take place. To eradicate this menace, the government has made linking Aadhaar to voter ID mandatory that can be completed in three ways including online, calling a customer care centre or by sending a SMS. The seeding will reduce the generation of fake voter ID cards and reusing the same multiple times.
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An individual can continue to receive the benefits of government scheme by following the deadline, which otherwise may make an account or service un-operational.