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Banks to open Aadhaar-linked accounts: RBI

The RBI has advised banks to take steps to complete account opening and seeding Aadhaar number in all the DBT districts

July 10, 2013 9:49 IST | India Infoline News Service
The Reserve Bank of India (RBI) has advised banks to complete account opening process in all the districts which direct benefit transfer (DBT) and nominate a Complaint Redressal Officer in each district to address depositors grievance.

While reviewing the progress of seeding of Aadhaar number in bank accounts, it was emphasized that banks should proactively take steps to open a large number of bank accounts, seed these accounts with Aadhaar numbers and view it as a sustainable & scaleable business opportunity, the RBI said in a notification on Tuesday.

The RBI has advised banks to take steps to complete account opening and seeding Aadhaar number in all the DBT districts.

It has also advised banks to closely monitor the progress in seeding of Aadhaar number in bank accounts of beneficiaries. Banks should put in place a system to provide acknowledgement to the beneficiary of seeding request and also send confirmation of seeding of Aadhaar number, RBI further said.

Banks should also set up a Complaint Grievance Redressal mechanism in each bank and nominate a Complaint Redressal Officer in each district, to redress the grievances related to ‘seeding of Aadhaar number in bank accounts'.



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