Aadhaar mandatory for new accounts, transactions over â¹50k
The government on Friday made Aadhaar mandatory for opening bank accounts as well as for financial transactions of â¹50,000 and above. Further, existing bank account holders have been asked to furnish their Aadhaar number by December 31, 2017, failing which the account will become invalid. Earlier, the government had made Aadhaar compulsory for filing income tax returns.