Except for LPG subsidy is there any advantage to link aadhar with my bank account?
If you are receiving pension from either central or state government having an Aadhaar linked bank account becomes quite beneficial. Your Aadhaar linked bank account acts as a digital life certificate under the Jeevan Praman for pensioners system. Aadhaar linked bank account will come in handy when you plan to withdraw any money kept in your public provident fund account. You will be able to withdraw money from your PPF account only if you have registered your Aadhaar number.
Today, one needs to have an Aadhaar card to apply for almost everything. Whether it’s a gas connection you need, or a new passport, providing your Aadhaar number is now a mandatory part of the application process.
Under the Pradhan Mantri Ujjwal Yojana, women of households will need an Aadhaar Card to avail free LPG connection and get other subsidies on LPG. In a move to check the duplication of driving licences issued, the centre has made it mandatory for all states to make Aadhaar compulsory to issue licences and also to renew existing ones. If you don’t have a PAN card yet, you’ll need an Aadhaar card first in order to apply for one. Getting a passport will now require you to furnish your Aadhaar details as valid ID and address proof.
There are many more uses of an Aadhaar Card. To know about more uses of Aadhaar Card click here.
Hope, you are doing well.
Yes, there are many advantages to link your aadhar with your bank accounts.
The benefits of linking Aadhaar number with bank accounts are:
Aadhaar is a valid Know your Customer (KYC) document to open bank accounts.
Direct credit of subsidies from government that includes LPG, Kerosene, Sugar etc.
Direct credit of welfare funds, pensions, scholarship, MNREGA wages etc. from
Aadhaar enabled accounts ensure reduction in leakages of government spending
The online, inter-operable architecture of Aadhaar Enabled Payment System
(AEPS) allows a resident to access his account from anywhere in the country and in
the near future through any delivery channel e.g. ATMs, micro ATMs etc.
The Aadhaar number can also be used while applying for passport, booking e-tickets and
many other places where there is a need to give your identity. Aadhaar number will be
your identity which will provide you with the simplest way of describing who you are?