Banks ask customers to link Aadhaar number with their accounts

Post the instructions from Finance Minister P Chidambaram to rollout direct cash subsidy scheme for cooking gas (LPG) consumers throughout the country, banks have initiated the process of linking account with Aadhaar number for cash transfer of LPG and other subsidies.

Banks have started informing customers about linking of Aadhaar number with the account number to facilitate subsidy transfer.

In an SMS to its customers, Canara Bank said, "For getting LPG, MGNREGA and other subsidies direct to your account, please get your account linked with Aadhaar number."

As a pilot project, the government has decided to give cash subsidy to LPG consumers under its ambitious Direct Benefit Transfer (DBT) scheme soon, and will cover 20 districts by May 15.

Under the DBT scheme, subsidies and other benefits are transfered directly into the Aadhaar linked bank account of the beneficiary.

Read more about: banks, aadhar
Story first published: Friday, April 26, 2013, 13:30 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?