Thursday, October 26, 2023

AADHAAR NUMBER and MOBILE NUMBER MANDATORY for any of the Post Office Small Savings Schemes

In accordance with The Ministry of Finance, vide their Gazetted notification no. GSR/238 (E) dated 31.03.2023 an individual shall submit the Aadhaar number issued by the Unique Identification Authority of India for purpose of opening of an account: 

Provided that :-

(a) where the Aadhaar Number has not been assigned to an individual, he shall furnish proof of application of enrollment for Aadhaar at the time of opening an account and the account holder shall furnish the Aadhaar number to the Office where the account stands within a period of six months from the date of opening of account for linking the account with Aadhaar Number; 

(b) if a depositor has already opened an account and has not submitted his Aadhaar number to the Office where the account stands, he shall do so within a period of six months with effect from the 1st day of April,2023,

And in the event of failure of the depositor to submit the Aadhaar number within the specified period of six months, his account shall cease to be operational till the time he submits the Aadhaar Number to the Office where account stands; 

Linking of Mobile number of account holder has been made MANDATORY for opening of any POSB account. The existing accounts are also to be seeded with the mobile numbers. This is done as a fraud prevention measure and to facilitate the POSB customers to avail SMS, ePassbook and IVR facilities. All POSB Customers are thus requested to visit their Post Office where their account stands for mobile number seeding within one month to avoid restrictions of transactions in their accounts. 

No comments: