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Aadhaar Linking with Bank Accounts  GOVERNMENT OF INDIA MINISTRY OF FINANCE LOK SABHA   UNSTARRED QUESTION NO: 4797 ANSWERED ON: 23.03.2018  Aadhaar Linkage with Bank Accounts  4797.SANTOSH KUMAR MANOJ KUMAR TIWARI (SMT.) RATNA DE(NAG) HARI OM PANDEY ARVIND GANPAT SAWANT KRUPAL BALAJI TUMANE   Will the Minister of FINANCE be pleased to state:-     (a) whether the Government has made Aadhaar mandatory for existing bank accounts and opening of new bank accounts by 31 March, 2018 by invoking the Rules making powers under the Prevention of Money Laundering (Maintenance of Records) Rules, if so, the details thereof;  (b) whether this modus operandi is a questionable exercise of the Rule making powers directly affecting the dignity of every citizen of India and if so, the details thereof;  (c) whether such provision is likely to affect the wherewithal of senior citizens, particularly very senior citizens who face poten...

Income-tax Rules amended to provide that bank shall obtain and link PAN or Form No. 60 (where PAN is not available) in all existing bank accounts (other than BSBDA) by 28.02.2017.  Press Information Bureau  Government of India Ministry of Finance 08-January-2017 18:17 IST Income-tax Rules amended to provide that bank shall obtain and link PAN or Form No. 60 (where PAN is not available) in all existing bank accounts (other than BSBDA) by 28.02.2017 .  Income-tax Rules have been amended to provide that bank shall obtain and link PAN or Form No. 60 (where PAN is not available) in all existing bank accounts (other than BSBDA) by 28.02.2017, if not already done. In this connection, it may be mentioned that RBI vide circular dated 15.12.2016 has mandated that no withdrawal shall be allowed from the accounts having substantial credit balance/deposits if PAN or Form No.60 is not provided in respect of such accounts. Therefore, persons who are having bank account bu...