TIL Desk/Business/New Delhi/ In yet another measure against black money generation, the government has made it mandatory to give Aadhaar number while opening a new account and also to link the existing accounts with the Aadhaar numbers of their holders. Not disclosing it by December 31 will lead to suspension of the account till it is done.
The government move comes close on the heels of the decision last week that all income tax assessees should link their Aadhaar numbers with Permanent Account Numbers (PAN) when they file their returns, after the Supreme Court upheld the law in this regard.
If a customer, eligible to be enrolled for Aadhaar and obtain the PAN, already has a bank account, he needs to submit the Aadhaar number and PAN by December 31, according to a Revenue Department notification.
In case a customer having an account failed to submit his Aadhaar number and PAN by December 31, the account would cease to be operational till the time these numbers are submitted, it said.
