Multiply India - Information on Financial Planning

lug

Why Should You Link an Aadhaar Card to Your Bank Account?

It is advisable to link our Aadhaar numbers with our bank accounts. The benefits of linking Aadhaar with bank account are given below:

Added security:

Added security:

Since Aadhaar cards are a proof of identity, linking the Aadhaar number to our a/c will prove the a/c belongs to us.

Fewer procedures:

Fewer procedures:

Applying for a loan or for a new bank a/c becomes easy with fewer procedures.

AePS:

AePS:

We can use AePS services after linking our Aadhar cards to our bank accounts.

Pro Tip

All government scheme benefits are linked to your Aadhaar Number.
And, the benefits of these schemes can come to your Aadhaar Linked Bank account.
This applies for NREGA, Social Security Schemes, Subsidy on various goods like LPG cylinder, Government Insurance Schemes and more.
Therefore, by linking your bank account to your Aadhaar you can get the benefits of these schemes directly credited to your account.

Points to remember:

Points to remember:

Here are some key takeaways from this section that you should remember.

It is good to link our Aadhaar number with our bank account.
Banks/ sellers cannot question the authenticity of our a/c when it is linked our Aadhaar number.
Applying for a loan or for a new bank a/c becomes easy if Aadhaar number is linked.

You now know why it is necessary to link your Aadhaar number with your bank account. Now go ahead and learn about other safe banking practices too.

Move on to the next chapter and learn about other safe banking practices