FM asks banks to ensure all accounts are linked with Aadhaar by March 2021

| | Mumbai
1 2 3 4 5
  • 0

FM asks banks to ensure all accounts are linked with Aadhaar by March 2021

Wednesday, 11 November 2020 | PTI | Mumbai

FM asks banks to ensure all accounts are linked with Aadhaar by March 2021

Finance Minister Nirmala Sitharaman on Tuesday asked banks to ensure that all accounts are linked with Aadhaar numbers of respective customers by March 31, 2021.

She said the financial inclusion story is not over and banks still have inclusion to carry forward. There are many accounts which are not linked with Aadhaar.  “… by March 31, 2021, every account should have a PAN where needed and where applicable, and Aadhaar in every one of your accounts,” Sitharaman said while addressing the 73rd annual general meeting of the Indian Banks’ Association (IBA). She said banks should discourage non-digital payments and should bank on promotion of digital payments techniques and also adopt many of the UPI driven payments.”UPI should be a common parlance word in all our banks,” the finance minister said, adding that banks should promote RuPay cards. “Whoever needs the card, RuPay will be the only card you will promote,” she said. Sitharaman also said that the country is thirsting for large banks.

Trending News

more

State Editions

Delhi to get first commercial BESS

18 March 2025 | Pioneer News Service | Delhi

Police targets organised crime

18 March 2025 | Pioneer News Service | Delhi

People will witness real change in next 100 days says Verma

18 March 2025 | Pioneer News Service | Delhi

MCD approves key proposals amid chaos

18 March 2025 | Pioneer News Service | Delhi

PhD entry rules broken, says DUSU president

18 March 2025 | Pioneer News Service | Delhi

Delhi to get first commercial BESS

18 March 2025 | Pioneer News Service | Delhi

Sunday Edition

A Wasabi- Filled Night

16 March 2025 | SAKSHI PRIYA | Agenda

Indian women redefine possibilities

16 March 2025 | Abhi Singhal | Agenda

The Courage to Knock

16 March 2025 | SAKSHI PRIYA | Agenda

Delhi’s Biggest Food Fair

16 March 2025 | Abhi Singhal | Agenda

Chai bina chain kahan re....

16 March 2025 | Abhi Singhal | Agenda

Food Freak | An Ode to Asian Cuisine

16 March 2025 | Pawan Soni | Agenda

A Wasabi- Filled Night

16 March 2025 | SAKSHI PRIYA | Agenda

Indian women redefine possibilities

16 March 2025 | Abhi Singhal | Agenda