Government Extends Linking Aadhaar to Small Savings Scheme Deadline Till March 31st


Government has extended the deadline for small savings scheme linking with Aadhaar Card to March 31st, 2018. It was originally till December 31st and government didn’t notify about this for the people who didn’t do it. Now, they released a notification which made everyone start with the process again. The government extended this deadline for small savings scheme like post office deposits, Kisan Vikas Patra by three months to March 31, 2018.

“It has now been decided to extend the last date for submission of ‘Aadhaar’ number from December 31, 2017 to March 31, 2018,” a Finance Ministry notification said. The government has insisted on quoting Aadhaar for bank deposits, obtaining mobile phone and several other utilities to weed out benami deals and blackmoney. Thus, it means that the last date for linking of Aadhaar to all government schemes and bank accounts is now March 31.

The Government had made quoting the 12-digit Aadhaar number mandatory for all small savings schemes like post office deposits, PPF, the National Savings Certificate scheme and Kisan Vikas Patra. Existing depositors were given time till December 31, 2017 to provide the number. The depositor is required to submit Aadhaar number at the time of opening of account/purchasing certificates, it said.

An amendment was also made in the Prevention of Money Laundering Act (PMLA) Rules, 2017, mandating the linking of Aadhaar to mutual fund accounts. As many as 135 schemes (of 35 ministries), including the free cooking gas (LPG) to poor women, kerosene and fertilizer subsidy, targeted public distribution system (PDS) and MGNREGA will be covered by the extension.

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