How To Open Bank Account Without Aadhar Card? Is it Possible?

Open Bank Account Without an Aadhar Card: The process of opening an account is similar to opening a regular bank account and can be done by providing your Aadhaar number and other required documents at the bank branch. Suppose you don't have an Aadhar Card? If you're like most people, you probably think that you need an Aadhar card to open a bank account. However, this is not the case! There are a few ways to open bank account without Aadhaar card, and we're here to tell you all about them.

Why Do You Need an Aadhar Card To Open Bank account?

The Indian government has made it mandatory for all residents of India to possess an Aadhaar card. An Aadhaar card is a 12-digit unique identification number issued by the Unique Identification Authority of India (UIDAI) on behalf of the government. Aadhaar is required for opening a bank account as per the guidelines issued by Reserve Bank of India (RBI). As per these guidelines, banks are required to verify and authenticate the identity of their customers before opening a bank account.

How To Open Bank Account Without Aadhar Card

Banks can verify the identity of their customers either through offline or online mode. Offline mode includes verification through the customer’s passport, Voter ID card, PAN card, or driving license. However, offline mode is not feasible for many Indians as these documents are not easily available. Also, many Indians do not have a passport or Voter ID card. This is where the online mode comes in handy. In online mode, banks can verify the identity of their customers through their Aadhaar number and biometrics. This process is called e-KYC (electronic know-your-customer).

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How To Open a Bank Account Without an Aadhaar Card?

It is now possible to open a bank account without an Aadhaar card in India. The Reserve Bank of India (RBI) has issued new guidelines in this regard. As per the new guidelines, banks can now open accounts for KYC-compliant customers who do not have an Aadhaar card, but have provided other officially valid documents (OVDs) for proof of identity and address. The RBI has said that banks must carry out due diligence as per their Board-approved policy for accounts opened without Aadhaar, and these accounts will be subject to stricter monitoring. To Open a bank account without an Aadhaar card is possible. The main KYC document required for opening a bank account is PAN. The other documents which can be submitted for KYC are passport, driving license, voter ID card, NREGA Job Card.

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How To Link Bank Account With Your Aadhaar Card?

You can now open a bank account without an Aadhaar card, but you will have to submit other documents for identity verification. If you want to link your bank account with your Aadhaar card, you can do so by visiting your bank's branch. You will need to fill out a request form and submit your Aadhaar number. Your bank will then verify your identity and link your account to your Aadhaar card.

Benefits of having an Aadhaar Card:

Aadhaar card is one of the most important documents that every Indian citizen must possess. It not only acts as an identity proof but also entitles the cardholder to avail various government schemes and benefits. Some of the key benefits of having an Aadhaar card are as follows:

Availing government subsidies
Filing income tax returns
Opening a bank account
Getting a new mobile connection

Disadvantages of not having an Aadhaar card:

There are a few disadvantages of not having an Aadhaar card, especially if you are a resident of India. For starters, you will not be able to open a bank account without an Aadhaar card. In addition, you will not be able to apply for a new mobile phone connection without an Aadhaar card. Lastly, you will not be able to avail of certain government subsidies and benefits without an Aadhaar card.

Conclusion:

If you want to open a bank account without an Aadhaar card, you can do so by providing other documents such as your PAN card, passport, voter ID, etc. as KYC documents. I hope the above information is really useful for you to open a bank account without an Aadhaar card.

FAQ's:

1. How to open bank account without Aadhar card?

Ans: If you do not have an Aadhar card, you can still open a bank account by providing other documents such as your passport, voter ID card, or PAN card.

2. Is Aadhaar card mandatory for bank?

Ans: Yes. Aadhar Card is mandatory to open a bank account today.