Aadhar Number Linked Bank Account

• Objectives of Aadhaar Payments Bridge System (APBS) :
  • To sub-serve the goal of Government of India (GOI) and Reserve Bank of India (RBI) in furthering Financial Inclusion by way of processing government disbursement using Aadhaar number.
  • To promote electronification of retail payments.
  • To support various Schemes like NREGA, Social Security Pension, Handicapped, Old Age Pension etc. of any Central or State Government bodies, to send financial details to the beneficiary using Aadhaar number.

• Benefit to Customer :

  The benefits of linking Aadhaar Number with bank account are;

  • Direct credit of subsidies from government that include LPG, Kerosene, Sugar etc.
  • Direct credit of welfare funds, pensions, scholarship, MNREGA wages etc from government.
  • Aadhaar enabled accounts ensure reduction in leakages of government spending

• How to Apply ?
  • If you are an existing customer all you have to do is to step in to your branch with a copy and original of your Aadhaar card.
  • If you are a new customer you may please produce the copy and original of your Aadhaar card at the time of account opening.