Deadline For Linking Aadhaar With Small Savings Extended To March 31

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The government on Monday extended the last date for linking Aadhaar to small savings schemes to March 31 from December 31. The move comes after the deadline for linking of the unique identification number to social benefit schemes, bank accounts, and mobile numbers were also extended to March 31.

The Centre has extended the deadline for linking of Aadhaar to small savings schemes like post office deposits, Kisan Vikas Patra by three months to March 31, 2018. Centre has insisted on quoting Aadhaar for bank deposits, obtaining mobile phone and several other utilities to weed out benami deals and black money.

The depositor was required to submit Aadhaar number at the time of opening of account certificates. Further, that every depositor who had not given his Aadhaar number at the time of application for such deposit was to submit his Aadhaar number on or before Dec 31, 2017. In October the government had made quoting the 12-digit Aadhaar number mandatory for all small savings schemes like post office deposits, PPF the National Savings Certificate scheme and Kisan Vikas Patra.

The depositor is required to submit Aadhaar number at the time of opening of account purchasing certificates. An amendment was also made in the Prevention of Money Laundering Act Rules, 2017, mandating the linking of Aadhaar to mutual fund accounts. As many as 135 schemes of 35 ministries including the free cooking gas to poor women, kerosene and fertilizer subsidy, targeted public distribution system and MGNREGA will be covered by the extension.

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