Money Excel - Personal Finance Blog

Menu
MENUMENU
MENUMENU
  • Home
  • Business Ideas
    • 225 Small Business Ideas
    • 40 Online Business Ideas
    • 20 Business Ideas for Beginners
    • 20 small manufacturing business
    • 30 Food Business Ideas
    • 100 Business Ideas low investment
  • Stock Market
    • Best Demat & Trading Accounts 2020
    • Best Stocks 2020 by Experts
    • Best Virtual Trading Apps
    • Best Stock Screener
    • Best Discount Brokers in India
    • Multibagger Stocks of LockDown
    • Rakesh Jhunjhunwala Portfolio
  • Mutual Funds
    • Best Mutual Funds 2020-21
    • Best Direct Mutual Fund Platform
    • Best Mutual Fund Mobile Apps
  • Incometax
    • Income Tax Slab FY 2020-21
    • Income Tax Calculator FY 2020-21
    • Income Tax Refund Request
    • Pay Advance Tax Online
    • Download New 15G -15 H Forms
  • Investment
    • Best Investment Ideas 2020
    • Long Term Investment Options
    • Best Investment Regular Income
    • Best Investment Options NRI
  • Credit Card
    • Best Credit Cards 2020-21
    • Best credit card for online shopping
    • Best Forex Card in India
    • Best Business Credit Cards
    • Credit Cards against Fixed Deposit
  • Insurance
    • Best Term Insurance Plans 2020
    • Best Health Insurance 2020
    • Best LIC Policy 2020
    • Best Car Insurance Companies
    • Best Mobile Insurance Companies
  • Downloads
Home
Personal Finance
Linking Aadhar Card to Bank Account – Process and Benefits

Linking Aadhar Card to Bank Account – Process and Benefits

Raviraj Parekh June 14, 2020

Linking Aadhar Card

Aadhar is a 12 digit unique identification number (UID) issued by government of India.  Aadhar card is important document and it can be used as identity and address proof. Linking Aadhar card to Bank account offers various benefits including LPG subsidy. In this post I will be explaining process of linking Aadhar Card to bank account. Process explained by me will be general process and it will be applicable to all banks like State Bank of India, Axis bank or any other.

Linking Aadhar Card to Bank Account – Online Process

To link your aadhar card to bank account online, internet banking account is must. Follow process given below to link your aadhar card with bank account online.

  • First you need Login to Internet Banking account.
  • After logging find out link “Aadhar card details” or “Aadhar card status”.
  • Click on link and update your Aadhar card information in respective fields.
  • Press submit button and your application will be saved.
  • Bank will verify information submitted by you. Once your application is processed you will be notified via SMS or email.

Linking Aadhar Card to Bank Account – Offline Process

If you don’t have internet banking facility you need to follow procedure to link aadhar card offline. Follow process given below to link your aadhar card with bank account offline.

Do not miss below posts -
  • Union Budget 2013-14 – A Review
  • Top 5 Best TV Shows for Personal Finance
  • Lessons to Your Kids on World Savings Day
  • Download Bank account Aadhar linking application form from here.
  • Take print out of this form and fill your details in form.
  • Enter your bank account number, IFSC code address etc.
  • Enter 12 digit Aadhar card in this form.
  • Take Xerox copy of your aadhar card and submit the form along with Xerox copy to bank official.
  • Bank official may ask for original aadhar card for verification.
  • Once bank verifies details given by you they will update their database.

Benefits of Linking Aadhar card to your Bank Account

The most important benefit of linking aadhar card to your bank account is to avail social welfare benefits passed on by government to individual. Details of these benefits are given below.

  1. Direct Benefit Transfer (LPG Subsidy) –

First scheme is DBTL- LPG Subsidy, under this scheme consumer can avail LPG cylinder at subsidized rate. Subsidy amount will be credited to Aadhar Linked bank account of consumer. To avail this benefit you need to register yourself with LPG cylinder distributor.

  1. Subsidy for commodity items –

Subsidies items like kerosene, sugar, rice, pulses offered by government is also linked with aadhar link account.

  1. Student Scholarship –

Scholarships offers to students by government is also linked with aadhar enable account. In order to avail this facility student should have bank account linked with aadhar card.

  1. MNREGA – Pay associated with MNREGA Job card will be directly credited to aadhar link account.

Apart from above benefits to consumer government will also get benefited as they are aware that money released for subsidy and other welfare is reaching to correct beneficiary and not to fake persons.

Aadhar card linking facility is available in following banks –

  • State Bank of India
  • Axis Bank
  • Federal Bank
  • Andhra Bank
  • HDFC Bank
  • IDBI Bank
  • Bank of Maharashtra

I hope this post is helpful, as it covers almost every aspects of linking aadhar card with bank account. If you enjoy reading this article do share it with your friends on social media.

Subscribe to Blog

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Prev Article
Next Article
Tags:aadhar card linking benefit of linking aadhar link aadhar linking aadhar card bank account process linking aadhar

About The Author

Raviraj Parekh

Raviraj is the man behind moneyexcel.com. He is PGDBA, engaged in blogging for 10 years. Moneyexcel blog is ranked as one of the Top 10 Personal Finance Blog in India. He is not affiliated with any financial product, service provider, agent or broker. The purpose of this blog is to spread financial awareness and help people in achieving excellence for money. Please note that the views expressed on this Blog/Comments are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment advice or legal opinion.

2 Comments

  1. Mohammed Ali

    Another very informative post. Thanks for sharing

    June 11, 2015
  2. Tanshu

    Thanks Man! You are doing a great job.

    June 11, 2015

Leave a Reply

Cancel reply

IIFL Demat Account

Search

Top Posts & Pages

  • Income Tax Calculator FY 2020-21 (AY 2021-22) – Excel Download
  • Rakesh Jhunjhunwala Portfolio Holdings - January 2021
  • How to check Property Records and Land Records online in India?
  • LIC Premium Paid Certificate Download For Income Tax Purpose - Online
  • 20 small manufacturing business ideas with low cost
  • 225 Small Business Ideas with Low Investment in 2021-22
  • Cash Deposit Machine Locator – How to find CDM Near You?
  • Top 60 Manufacturing Business Ideas
  • ASM List - What to do in ASM list Stocks?
  • Income Tax Calculator FY 2019-20 (AY 2020-21) - Excel Download

Subscribe to Blog via Email

Join 5,475 other subscribers

Follow MoneyExcel

Money Excel – Personal Finance Blog

Personal Finance Blog
Copyright © 2021 Money Excel - Personal Finance Blog
| About |Downloads | Contact Us | Sitemap | Disclaimer | Privacy Policy |