Afternoon D & C Dedicated To Mumbai
Home > Business & Investment > Relax deadline for linking bank accounts with Aadhar: Assocham

Relax deadline for linking bank accounts with Aadhar: Assocham

Monday, March 05, 2018

Industry body Assocham yesterday urged the government to relax the deadline for linking bank accounts, particularly those in the PSBs to Aadhaar, saying post-PNB scam, the PSU lenders are fire fighting to protect their core business and are hard pressed for human and other resources.

It said the economy has just about to come out of the impact of demonetisation and the Goods and Services Tax (GST) and is not ready for another challenge by way of any bank account becoming inoperative after March 31.

The last date to link bank accounts with Aadhaar is March 31.

"Notwithstanding judicial scrutiny and government's  well-intentioned moves, the banks, particularly those in the PSUs, may find it hard and challenging to complete the task of linking Aadhaar with the accounts of all the customers by March 31, 2018 thus necessitating relaxation of the deadline," Assocham said in a statement.

Following unearthing of alleged frauds in the Punjab National Bank and a few other banks, the PSU lenders are anyway fire fighting to protect their core business and are hard pressed for human and other resources, to take up the job of Aadhaar linkage, it added.

The statement noted that even those having submitted Aadhaar details are getting KYC reminders.

"There is a lot of confusion which may lead to further problems as we approach the deadline ...It is best advised that the banks be allowed to come out of the crisis like situation before they are given the additional task of Aadhaar seeding to customer accounts," it said.

COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:  
 
Email:    
Comments:
 
 
City news
As part of the campaign, officers of respective ...
A spate of arson-related incidents continued as m
Nearly 30 million premature babies need specializ
Is it safe to have intercourse during the menses?
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)Today you will feel like going green, and Ganesha approves. You could plant a sapling, or organise some dustbins to keep the neighbourhood clean. If you wish to make the world a better place to live in, do it but take it step by step.
- Advertising -
Outcome of state elections, crude oil price movem
Differences have cropped up between the Heavy Ind
Amid raging controversy over the revised economic
Read More