Finding it difficult keeping a track of all those documents that need Aadhaar linking? Not sure what’s the deadline for completing the linking? Here’s a ready reckoner of all things important with regard to Aadhaar seeding.
Much has been debated, discussed and dismissed about Aadhaar linking or the legality of it. The latest is that the government has requested the Supreme Court to postpone the hearing on the legality of Aadhaar. It has also expressed its willingness to extend the Aadhaar linking deadlines.
Still, the fact remains. You need to mandatorily link Aadhaar to certain documents before the year draws to a close. Here’s a handy list of all the documents and deadlines that will need your attention for Aadhaar linking.
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Aadhaar and PAN linking by December 31, 2017
The government had mandated that it would accept income tax returns (ITR) filed after July 1, 2017 only if the taxpayers have linked their PAN with Aadhaar.
Even when the deadline was extended to Aug 5, 2017, people faced trouble in doing so owing to mismatch of PAN and Aadhaar details. The government revised the deadline to December 31, 2017 for those who’ve filed their ITRs on or before August 5, 2017, but haven’t linked their PAN with Aadhaar.
In the last Budget, the government mandated linking Aadhaar and PAN for every PAN holder (except certain categories exempted via notification dated May 11, 2017).
Those who don’t need to file ITR as per tax laws (gross total income in a financial year of less than Rs. 2.5 lakhs) can breathe easy. The last date to link your PAN with Aadhaar is yet to be notified.
Additional Reading: Linking Of Aadhaar To EPF: A Step By Step Guide
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Deadline for providing Aadhaar to financial institutions is December 31, 2017
All customers need to link their Aadhaar with bank accounts, Credit Cards, insurance policies, equity and Mutual Fund investments, small savings schemes like Public Provident Fund, Kisan Vikas Patra, National Savings Certificate, Sukanya Samriddhi Yojana and so on.
Any loan taken from a bank, housing finance company, or non-banking finance company will also require your Aadhaar details.
An amendment in the Prevention of Money Laundering Rules (Maintenance and Records), 2005 requires all banks, and financial institutions to get all their customers know-your-customer (KYC) compliant.
To become KYC compliant, one needs to furnish his/her PAN and Aadhaar details to his/her bank. On missing the December 31 deadline, his/her account will become inoperable.
You will also need to undergo an authentication process to verify that the Aadhaar submitted by you is actually yours.
Additional Reading: Want To Check If Your Bank Account Is Linked To Aadhaar? Follow These Steps
| Document | Last Date | Consequences on missing deadline |
| PAN | December 31, 2017 | ITR will not be processed if PAN not linked with Aadhaar |
| Credit Card | December 31, 2017 | Card will be blocked |
| Insurance Policy | December 31, 2017 | Policies will be inaccessible |
| Mutual Funds/stocks | December 31, 2017 | Investments will be inoperable |
| Bank accounts | December 31, 2017 | Account will be blocked |
| PPF/KVP/SSY/NSC etc. | December 31, 2017 | Accounts will be blocked |
| Mobile number | February 6, 2018 | SIM will be deactivated |
| Social service benefits-LPG subsidy | December 31, 2017 | Benefits will not be given |
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All mobile subscribers must complete Aadhaar based e-KYC verification by February 6, 2018
On February 6, 2017, the Supreme Court instructed telecom companies to re-verify their existing mobile subscribers via Aadhaar-based-e-KYC.
It has also become mandatory to provide Aadhaar details when buying new mobile connection. The last date for the completion of the process of re-verification is February 6, 2018.
The telecom companies have been warning their customers to get the linking done at the earliest to enjoy uninterrupted services.
Additional Reading: All About Linking Aadhaar To Your Mobile Number
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Submission of Aadhaar details mandatory by December 31, 2017, to enjoy benefits of social security schemes
To receive benefits like subsidy on LPG cylinders, pensions and so on, one needs to furnish one’s Aadhaar details. Earlier the deadline for the same was September 30, 2017. The revised deadline at present is December 31, 2017.
Additional Reading: How To Keep Your Aadhaar Data Secured
It’s best that you don’t wait for the deadline to complete these actions. You can improve your chances of getting an approval on a Personal Loan or Credit Card once you link Aadhaar.
Have you explored our Credit Cards and Personal Loans yet?