The government on Friday made the Aadhaar card mandatory for opening bank accounts and for financial transactions of Rs 50,000 and above.

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Aadhaar

Existing bank account holders have been asked to submit the Aadhaar number issued by the Unique Identification Authority of India (Uidai) by December 31, 2017, failing which the account will be declared invalid, according to a revenue department notification.

 

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