Aadhaar Compulsory for Post Office Deposits, PPF, NSC, Kisan Vikas Patra; last date 31st December, 2017

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Aadhaar now has become compulsory for all post deposits, PPF, the National Savings Certificate and Kisan Vikas Patra. The decision has been taken by the Government for applying biometric identification Aadhaar mandatory on all governmental schemes after bank deposits.

This 12-digit unique ID number for establishing the identity proof of account holders shall also be made applicable on existing depositors who have not provided their identification number at the time of application of deposit to submit their Aadhaar number until December 31, 2017.

In four different notifications, the Ministry of Finance has taken this step for making the use of Aadhaar all prevalent throughout India where this documentary proof is also being used to target beneficiaries of some government subsidies and welfare programmes.

The general public has to oversee wherever they have not submitted their Aadhaar number shall submit it to the earliest either at the post office savings bank or deposit office concerned on or before December 31, 2017. On the other hand, for the newbies where Aadhaar number has not been allotted to them shall submit an application proof for enrolment of Aadhaar.

The government has extended this move for making Aadhaar mandatory in order to weed out black money hoarders and benami dealers. Apart from bank deposits, for obtaining the mobile number and several other utilities also require your Aadhaar number in order to keep your transaction safe from the prying eyes of illicit hoarders.

Presently, India has recorded for having more than 1.18 billion Aadhaar card holders and is likely to witness much more to come.

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During last month, the deadline for getting Aadhaar was extended in order to avail government schemes and subsidies by 3 months to December 31, 2017. Earlier, those who did not have their 12-digit unique ID number were asked to get it by September 30, 2017.

The Aadhaar decision to make it obligatory has brought under the purview of providing welfare schemes and benefits to all eligible beneficiaries of the scheme for which the date has been extended in all such notifications up to December 31, 2017.

The extension would also seek in for other schemes like Employees’ Pension Scheme of 1995, scholarships, housing subsidy benefit, stipend to SC/ST trainees for coaching guidance and vocational training, stipend to handicapped and Aam Aadmi Bima Yojana

Regardless of the above schemes, Aadhaar would also come into effect for national apprenticeship and skill development schemes, crop insurance schemes, interest subvention scheme, scholarship and fellowship schemes, various education programmes such as mid-day meal for children and Atal Pension Yojana.

To sum up, this legislative move shall only be applied to those beneficiaries who have not been allotted with their Aadhaar number or those who have not yet registered themselves for Aadhaar. So, these beneficiaries have to hurry up themselves for getting themselves enrolled under Aadhaar’s scanner latest by December 31, 2017, and give their enrolment ID or Aadhaar number.

Now filing your tax-returns, for obtaining and retaining a PAN card or for making an infringement of the right to privacy shall also ask for your Aadhaar card. So, prepare yourself for all these changes, until it becomes late.

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