Facebook Instagram Twitter Youtube
  • Home
  • Latest
  • Punjab
  • Himachal Pradesh
  • Haryana
  • Education
  • Health
  • Transfer
  • Punjabi News
  • India
  • Others
  • Elections
  • Contact Us
Search
Thursday, October 2, 2025
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
Royal Patiala Royal Patiala
Royal Patiala Royal Patiala
  • Home
  • Latest
  • Punjab
  • Himachal Pradesh
  • Haryana
  • Education
  • Health
  • Transfer
  • Punjabi News
  • India
  • Others
  • Elections
  • Contact Us
Home India Norms of Aadhaar KYC are eased-Finance Ministry

Norms of Aadhaar KYC are eased-Finance Ministry

480
Share
Facebook
Twitter
Pinterest
WhatsApp
Linkedin
Email
Print
Telegram
    Norms of Aadhaar KYC are eased-Finance Ministry-Photo courtesy-Internet

    Norms of Aadhaar KYC are eased-Finance Ministry

    KI Singh/ royalpatiala.in/ Chandigarh

    Norms of Aadhaar KYC are eased for opening of bank account and not for the change of address in Aadhaar, said the Department of Revenue (DoR), Ministry of Finance today while clarifying on Aadhaar KYC use with reference to its notification dated 13.11.2019 on amendment to the Prevention of Money-laundering (Maintenance of Records) Rules, 2005. The DoR said in a categorical statement that its notification is with regard to easing of Aadhaar KYC use for opening of the bank account for the convenience of people who often migrate from place to place for jobs or any other reason and it is not regarding the change of address in Aadhaar card, as has been misreported in various media.

    Revenue Secretary, Dr. Ajay Bhushan Pandey said, “The amended PMLR applies only to Aadhaar KYC purposes for opening of bank account and not for the change of Address in Aadhaar card. If a person has moved residence for purposes of work and needs to use Aadhaar KYC for opening a new bank account or change his bank branch, etc., he can give a self declaration of new address while retaining the original address on his Aadhaar card”.

    Norms of Aadhaar KYC are eased-Finance Ministry-Photo courtesy-Internet

    Dr Pandey said that the PML Rules amendment makes opening bank account easier for individuals who are living in an address different from their address in Aadhaar. People who submitted Aadhaar card with a different address as KYC at banks can now submit local address by providing a self-declaration.

    He said that with this amendment, giving a self-declaration about a local address or any address other than the one on Aadhaar card will be sufficient as address proof to open bank account with Aadhaar KYC. This amendment brings in convenience especially for the migrant people. For example, if a migrant worker comes from Jharkhand to Mumbai and his/her Aadhaar has Jharkhand’s address, then to open a bank account a self-declaration about his/her local address in Mumbai will be sufficient for Aadhaar KYC.”

    DoR sources said that the change has been made through an amendment in the PML Rules and not by way of amending Aadhaar Act/Regulations. So, it does not apply to change of address in Aadhaar card. This amendment has been issued to allow people who have used Aadhaar KYC to open bank account and want to give an address different from the address in Aadhaar as current address on self declaration basis.

    Share
    Facebook
    Twitter
    Pinterest
    WhatsApp
    Linkedin
    Email
    Print
    Telegram
      Previous article35.68 quintal fruits and veggies unfit for consumption destroyed in Punjab- Pannu
      Next articleImmediately release SC scholarship amount to educational institutes-Dharamsot
      Kanwar Inder Singh

      RELATED ARTICLESMORE FROM AUTHOR

      Union Government releases tax devolution of ₹1,01,603 crore to State Governments, as one advance instalment of tax devolution

      Union Government releases tax devolution of ₹1,01,603 crore to State Governments, as one advance instalment of tax devolution

      Ministry of Youth Affairs & Sports invites applications for Sports Awards

      Ministry of Youth Affairs & Sports invites applications for Sports Awards

      CM envisions Punjab as next business hub of country; inaugurates multinational company’s plant at Rajpura

      - Advertisement -

      MOST POPULAR

      Punjab Agro Industries Corporation gets new director

      Punjab Agro Industries Corporation gets new director

      Maiden video-assisted thoracoscopic surgery (VATS) done at AIIMS Bathinda to remove tumor originating from spinal cord

      Maiden video-assisted thoracoscopic surgery (VATS) done at AIIMS Bathinda to remove...

      Canada govt announces 2025-27 Immigration Plan; reduces immigration; controlled TR, PR, foreign workers etc planned

      Canada reduces intake of international student for 2024;some categories exempted; no...

      IIT Ropar & ANSYS to install negative pressure chambers for covid-19 patients in Punjab

      IIT Ropar & ANSYS to install negative pressure chambers for covid-19...

      Load more

      HOT NEWS

      Newly promoted 7 Civil Surgeons get posting orders

      Newly promoted 7 Civil Surgeons get posting orders

      ALLEGORY, A Tapestry of Guru Nanak's travels showcased at Guru Nanak Dev University

      ALLEGORY, A Tapestry of Guru Nanak’s travels showcased at Guru Nanak...

      Major reshuffle in GNDU administration; University gets new deans, heads

      GNDU Results declared, available on website

      Covid-19 updates; third December sees surge in cases in Punjab

      Covid-19 updates; third December sees surge in cases in Punjab

      EDITOR PICKS

      The City Beautiful turns 71

      Patiala’s foundation day goes unnoticed

      Srinagar’s ‘PariMahal’ –Abode of Fairies: Mohammad Hanief

      POPULAR POSTS

      PEHEL Mart Launched at Punjab Civil Secretariat to promote Rural Talent and Women Empowerment-Sond

      ‘Gandhi Jayanti is not just about remembering the birth of a leader but to follow his principles in word and spirit’- Puri

      Union Government releases tax devolution of ₹1,01,603 crore to State Governments, as one advance instalment of tax devolution

      POPULAR CATEGORY

      • Punjab12559
      • Education2341
      • Covid-19-Update2085
      • Others1863
      • ਪੰਜਾਬੀ ਖਬਰਾਂ1470
      • India1446
      • Health1327

      ABOUT US

      The RoyalPatiala Sites may contain links to or advertisements concerning other Web sites. Other sites may also reference, advertise, or link to RoyalPatiala Site.

      Contact us: [email protected]

      FOLLOW US

      Facebook
      Instagram
      Twitter
      Youtube

      © All Rights Reserved

      • Home
      • Privacy Policy