<h1>New Rules Require Bank Account Holders to Submit Aadhaar by March 31, 2018, to Combat Fraud and Money Laundering.</h1> Amendments to the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, mandate that eligible bank account holders must submit their Aadhaar numbers to banks by March 31, 2018, or within six months of starting an account-based relationship, whichever is later. This requirement aims to eliminate fraudulent accounts used for money laundering, terrorism financing, or tax evasion, and to minimize government spending leakages. Aadhaar serves as a crucial tool for individuals to verify their identity, access entitlements, and exercise rights. The rules also require proof of Aadhaar enrollment if the number is not yet assigned.