Aadhaar Must For Post Office Deposits, PPF, KVP

October 06, 2017 15:47
Aadhaar Must For Post Office Deposits, PPF, KVP

(Image source from: Deccanchronicle.com)

Aadhaar Must For Post Office Deposits, PPF, KVP:- The biometric identification - Aadhaar has been made compulsory by the government for all post office deposits, PPF, the National Savings Certificate scheme and Kisan Vikas Patra.

To provide the 12-digit unique identification number, the existing depositors have been given time till December 31, 2017. A four separate Gazette notifications has been issued by the Ministry of Finance, making Aadhaar compulsory for opening all post office deposit accounts, Public Provident Fund (PPF), National Savings Certificate scheme and Kisan Vikas Patra deposits.

“Provided that where Aadhaar number has not been assigned, the depositor shall submit proof of application of enrolment for Aadhaar,” the notification dated September 29 said.

“The existing depositors who have not provided Aadhaar number at the time of application for such deposit “shall submit his Aadhaar number to the post office savings bank or deposit office concerned, on or before December 31, 2017,”” it added.

To weed out benami deals and black money, the government has insisted on quoting Aadhaar for bank deposits, obtaining mobile phone and several other utilities. In the previous month, the deadline for obtaining Aadhaar for availing government schemes and subsidies was extended by the government by three months to December 31. Earlier, individuals who do not have Aadhaar were asked to procure it by September 30. The extension will cover 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.

“As a result of the review of welfare schemes covered and to provide the benefits of such schemes to all eligible beneficiaries of the scheme, it has been decided to further extend the stipulated date in all such notifications up to December 31, 2017,” an order dated September 26 said.

The extension is also applicable for Employees’ Pension Scheme of 1995, scholarships, housing subsidy benefit, stipend to SC/ST trainees for coaching guidance and vocational training, stipend to handicapped and Aam Aadmi Bima Yojana. Apart from this, the extension would be applicable for national apprenticeship and skill development schemes, crop insurance schemes, interest subvention scheme, scholarship and fellowship schemes, various education programmes such as mid- day meal for children and Atal Pension Yojana.

“It is hereby clarified that this extension shall only apply to those beneficiaries who are not assigned Aadhaar number or those who have not yet enrolled for Aadhaar. Such beneficiaries are required to enrol for Aadhaar by December 31, 2017 and provide their Aadhaar number or enrolment ID,” it had said.

In the interim period, there would be no denial of services.


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