If mobile number is verified and linked with Aadhaar, the fraudsters, criminals, terrorists or money launderers using such disposable mobiles can be easily identified and punished in accordance with law.Ħ.It has been found that most criminals and terrorists get SIM cards issued in the name of fictitious and even real people without their knowledge and use them for committing frauds & crime.Further, for your own security and security of our country, it is advised to verify identity of all mobile subscribers using an identifier like Aadhaar.As per the amendments of the Telegraph Act, 1885, telecom users can use their Aadhaar number as a KYC documents along with authentication on voluntary basis to obtain a new mobile connection. Is Aadhaar mandatory for getting mobile SIM? ![]() Remember, linking your bank account with Aadhaar in this case is optional.ĥ. However, if you do not wish to submit Aadhaar, then you may use any other officially valid documents as prescribed by Reserve Bank of India. For other banking services, Aadhaar is a preferred KYC document.As per the Prevention of Money-laundering (Maintenance of Records) Third Amendment Rules, 2019, if you wish to receive any benefit or subsidy under any scheme notified under section 7 of the Aadhaar (Targeted Delivery of Financial and Other subsidies, Benefits and Services) Act, 2016 (18 of 2016), it is mandatory to submit Aadhaar number to the banking service provider.Is it mandatory to link my bank account with Aadhaar? Aadhaar number alone cannot be used for banking or any other service.Ĥ. Rest assured, there has not been a single case of financial loss due to Aadhaar.Your bank account is safe if you don’t part with your PIN/OTP given by banks.Just as by merely knowing your ATM card number, no one can withdraw money from the ATM machine by knowing your Aadhaar number alone, no one can hack into your bank account and withdraw money. Can someone hack into my bank account if they get to know my Aadhaar number? UIDAI never receives or collects your bank, investments, insurance etc. In few cases, if the verification answer is ‘Yes’, your basic KYC details (name, address, photo etc) available with UIDAI, are sent to the service provider.As far as UIDAI is concerned, it responds to such verification requests by replying either ‘Yes’ or ‘No’.They do not send your bank account details to UIDAI. ![]() to UIDAI for verification for your identity. ![]() When you give Aadhaar number to your banks, mutual fund companies, mobile phone companies, they only send Aadhaar number, your biometrics (given at the time authentication) and your name etc. But when I link my bank accounts, shares, mutual funds and my mobile phones with Aadhaar, will UIDAI not get these information? ![]() Aadhaar is an identifier, not a profiling tool.Ģ.
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