Bank accounts not linked to Aadhaar by Dec 31 to be invalid
The government on Friday noted that all existing bank accounts will have to be linked with Aadhaar number by December 31, 2017, or else they will be declared invalid. Financial transactions of â¹50,000 and above will also require Aadhaar. The government earlier mandated seeding of Aadhaar number with Permanent Account Number to avoid individuals using multiple PANs to evade taxes.