Aadhaar now a must for post office deposits, PPF, NSC, KVP - News Summed Up

Aadhaar now a must for post office deposits, PPF, NSC, KVP


Photo: HTNew Delhi: The government has made biometric identification Aadhaar mandatory for all post office deposits, and Public Provident Fund (PPF), National Savings Certificate (NSC) and Kisan Vikas Patra (KVP) deposits. The ministry of finance has issued four separate gazette notifications making Aadhaar mandatory for opening all post office deposit accounts, and PPF, NSC and KVP deposits. “Provided that where Aadhaar number has not been assigned, the depositor shall submit proof of application of enrolment for Aadhaar,” the notification dated 29 September said. Existing depositors who have not provided Aadhaar number at the time of application for such deposit “shall submit his Aadhaar number to the post office savings bank or deposit office concerned, on or before December 31, 2017,” it added. Such beneficiaries are required to enrol for Aadhaar by December 31, 2017 and provide their Aadhaar number or enrolment ID,” it had said.


Source: Mint October 06, 2017 08:15 UTC



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