Banks ask customers to link Aadhaar number with their accounts

By Religare
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    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
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    Notification Settings X
    Time Settings
    Done
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more