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Thursday, November 14, 2019

BANKS CAN NOW ACCEPT CURRENT ADDRESS OTHER THAN IN AADHAAR

BANKS CAN NOW ACCEPT  CURRENT ADDRESS OTHER THAN IN AADHAAR

Dated 14.11.2019 :   As per Gazette notification dated  13.11.2019   ,  new current address  , other than  recorded in the Aadhaar card  may be provided to authorities by way of self declaration .

People who migrate  to new places  on taking up jobs were finding it difficult  to  open  banking accounts  as their address  in  Aadhaar card would be  of their permanent residence in their native place  and the current address will not match that  in Aadhaar card . The rule change  will help   such  persons to open bank accounts   in their new places of work  by providing current address  by self declaration   and  banks  can record  current address and communication  can be done to the current address . 


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