The government on Wednesday extended the deadline for linking Aadhaar with bank accounts till March 31. The previous deadline for linking bank accounts, mutual fund folios and insurance policies with Aadhaar was December 31, 2017. According to latest notification, the deadline for linking is 31st March, 2018 or six months from the date of commencement of account based relationship by the client, whichever is later, for submission of the Aadhaar number, and Permanent Account Number or Form 60 by the clients to the reporting entity
While the 12-digit Aadhaar is issued by the Unique Identification Authority of India (UIDAI), PAN is allotted by the Income Tax Department. Form 60 is a declaration filed by an individual or a person (not being a company or firm) who does not have a PAN and who enters into any specified transaction.
This is in line with the Centre last week informing the Supreme Court that it is willing to extend till March 31 the deadline fixed for mandatory linking of Aadhaar to avail various services and welfare schemes. On December 7, the deadline for linking PAN with Aadhaar was extended by three months to March 31, 2018.