9 Reasons Why You Should Have An Aadhaar Card

Updated: Wednesday, July 27, 2016, 12:15 [IST]

Aadhar Card has now become a necessity more than ever before. It helps to offer various benefits and makes life very easy for individuals. Here are 9 benefits of having an Aadhar Card.

LPG Subsidy

You have to link your bank account number with your Aadhaar Card to get LPG at subsidized rates. Currently, the market cost of a cylinder is Rs 200 more than the subsidized rate. By linking your bank account with the Aadhaar Card, you get the credit of the extra amount paid for your gas cylinder directly into your bank account.

Provident Fund

If you link your Provident Fund Number, now the UAN to your Aadhaar card, you can get your provident fund settlement as early as 20 days.

Otherwise it is going to be long drawn process to get the amount.

Income Tax Refund

If you have linked your Aadhaar Card, while filing tax returns, you can get your refund faster.

There is also no need to send your ITRV form to the Income Tax office.

Opening Bank Accounts

Aadhaar Card is now accepted as an address and identity proof for the purpose of opening a bank account. This eliminates the need to give one identity and one address proof separately.

Pension

All Aadhaar Card holders need to register their number with the authorities to receive pension. This makes it more transparent and more efficient to receive pension amounts.

Digital Locker

Now you can store all your files digitally, including files in the government digilocker. However, you have to register for the same with your Aadhaar Card.

Opening demat accounts

The Aadhaar Card is now accepted by stock broking firms for the purpose of opening trading and demat accounts. It will now serve as an address and also identity proof.