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Is it Mandatory to Link Bank Account with Aadhaar?

As per gazette notification of Ministry of Finance, dated 1st June 2017, Individuals are required to provide Aadhaar number for linking all their bank accounts before 31st Dec 2017.

Is it Mandatory to Link Bank Account with Aadhaar?

For residents not having Aadhaar it is suggested that they get themselves Enrolled to get an Aadhaar.

In case, Resident is an NRI/OCI card holder and having bank account in India but Resident doesn’t have Aadhaar. What will happen to his/her Bank account?

For NRIs it is suggested that they disclose their non-resident status with proof to their bank.
For the status of account becoming in-operational only the relevant banks shall be able to give response.

Is it necessary to submit Aadhaar in Bank while transaction amount is INR 50,000 or above?

As per gazette notification of Ministry of Finance, dated 1st June 2017, Aadhaar will be sought for all transactions for an amount INR 50,000 or above.
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