The Reserve Bank of India, clarified that linking of Aadhaar with bank accounts is mandatory. Some news items have appeared in a section of the media quoting that Aadhaar number linkage with bank accounts is not mandatory.”The Reserve Bank then clarified that, in applicable cases, linkage of Aadhaar number to bank account is mandatory under the Prevention of Money-laundering (Maintenance of
Tag: RBI
Demonetization crime!!!
Strengthening demonetization with introduction of Specified Bank Notes (Cessation of Liabilities) Bill in Lok Sabha stating that transfer, holding and receiving of old Rs 500 and Rs 1000 currency notes is a criminal offence, and punishable with a maximum fine of Rs 10,000. Objective of bill is to end the liability of RBI and government on the currency notes. Nishant

