
₹2000 note exchange: Banks ask for ID proof from non-bank customers
RBI has told banks to maintain daily data on deposits and exchange of ₹2000 banknotes
RBI has told banks to maintain daily data on deposits and exchange of ₹2000 banknotes
The government says that the move is part of its commitment to make Aadhaar people-friendly and enable ease of living and better access to services for citizens.
The PAN of taxpayers who have failed to intimate their Aadhaar shall become inoperative from July 1, 2023.
Explaining the benefits of Aadhaar, the survey called it an essential tool for social delivery by the state.
Paolo Mauro, deputy director, fiscal affairs dept at IMF, says it’s a logistical marvel that programmes helping people at low-income levels reach hundreds of millions of people in India.
However initially, applicants seeking a digital bank licence should get a 'restricted digital business bank licence' and enlist under the RBI's regulatory sandbox, Aayog suggests
Sheer use of technology ensured that no one in India goes hungry even during the severest of Covid-19 lockdowns, exclaims FM Nirmala Sitharaman.
UIDAI issued Aadhaar card holders are only advised to exercise "normal prudence" in using and sharing their Aadhaar numbers, the government says.
This includes creating and authenticating their Digilocker account, downloading documents such as PAN card, driving license, vehicle registration certificate, among others, all on WhatsApp.
Quoting PAN and Aadhaar details is also mandatory for opening of current account or cash credit account with a bank.