Bank accounts to be linked to Aadhar card by April 30 or face blockade: IT department

[rahul1117kumar]

In its latest step to ensure that all cash remains accountable, the Income Tax department has announced that it is now, compulsory for all customers to link any bank accounts opened between July 2014 and August 2015 to submit their Know Your Customer (KYC) documents and their Aadhar number by 30 April. Failing to do so could mean that the account gets blocked.

Bank accounts to be linked to Aadhar card by April 30 or face blockade: IT department - India.com

 

[prasad1979]

It's only for accounts opened between July 2014 and August 2015? Why so specific time period?

 

[Bapun]

Good move. It will help our government to get details of peoples' black money!

 

[iSK]

Good Move by Govt.

 

[Sagar]

I have to do it first after visit to home:shy

 

[Sarkar]

It's only for accounts opened between July 2014 and August 2015? Why so specific time period?

The measure was announced by the Income Tax department on Tuesday and aims to comply with the Foreign Tax Compliance Act (FACTA), a deal which India signed with the united States. As per the mutual agreement, the two countries can exchange information about tax evaders very easily.  :k

 

[Bapun]

Is it only me or everyone facing issues in linking aadhaar to SBI through Online Banking?

 

[Sarkar]

Is it only me or everyone facing issues in linking aadhaar to SBI through Online Banking?

Faced with same problem. Then visited branch to submit  :s

 

[Bapun]

Faced with same problem. Then visited branch to submit  :s

They did within seconds kya? :shy

 

[Sarkar]

They did within seconds kya? :shy

It's not ICIC or Axis bro. We have to stand in long queue standing in front of counter. If I am not wrong then at that day I was behind 72 people at counter #2 :s

But yes they did it instantaneously as soon as I reach counter after 5-6 hrs of standing