Bank Account Opening done without Aadhaar Card
Wednesday Indian Government released order that its gazette notifications regarding selected category to verify Bank Account opening with many other Identification documents instead of mandatory Aadhar Biometric identification.
Old-aged People, Sick and Injured People can able to use their alternative ID’s bank account verification. Central Ministry stated that selected consideration of people who are not able to provide biometric verification as their age and ill health are under considerations. They can be able exempted out from Aadhar based verification rules on opening bank account.
Every reporting entity stated to be formulating at the client because of its diligence program and then formulate for the purpose of identification verifying with alternate IDs.Main process of Aadhaar based verification is said to control over the money laundering and other illegal financial jumps but its mandatory factor might not be applicable for all classes and divisions of people specially in a country like India where there is huge financial and cultural shifts for each 100 kms of land.
This announcement is said to be very well encouraged by the people specially after the Supreme Court’s official order to indefinitely extend the deadline for Aadhaar based verification of bank accounts.