https://www.taxtmi.com/news?id=21713 Seeding and linking of bank accounts with Aadhaar permits Aadhaar authentication to serve as a voluntary KYC mechanism under amended anti money laundering provisions, while banking KYC directions require collection of Aadhaar numbers from individuals seeking government benefits. For subsidies funded from the Consolidated Fund, the law allows authentication or proof of Aadhaar as a condition for delivery but requires offering alternate and viable means of identification where no Aadhaar number exists; account linking for direct benefit transfers follows the existing Aadhaar statute and regulatory directions. en-us Tue, 16 Jul 2019 18:38:30 +0530 Tue, 16 Jul 2019 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21713 Seeding and linking of bank accounts with Aadhaar permits Aadhaar authentication to serve as a voluntary KYC mechanism under amended anti money laundering provisions, while banking KYC directions require collection of Aadhaar numbers from individuals seeking government benefits. For subsidies funded from the Consolidated Fund, the law allows authentication or proof of Aadhaar as a condition for delivery but requires offering alternate and viable means of identification where no Aadhaar number exists; account linking for direct benefit transfers follows the existing Aadhaar statute and regulatory directions. News - Tue, 16 Jul 2019 18:38:30 +0530 https://www.taxtmi.com/news?id=21713