Aadhaar must for bank accounts, transactions over Rs 50,000

The article reports on a notification issued by the UIDAI which requires individuals to provide Aadhaar for opening bank accounts and existing bank holders to provide proof of Aadhaar enrolment. Further, all transactions above Rs. 50,000 will necessitate individuals to provide Aadhaar and PAN number for the transaction to go through.

By: ENS Economic Bureau

Link to article: http://indianexpress.com/article/business/economy/aadhaar-must-for-bank-accounts-transactions-over-rs-50000-supreme-court-4707454/