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How to delink your Aadhaar number and your bank account

The Supreme Court said no explanations have been given as to how the mandatory linking of every bank account will eradicate/reduce the problems of money laundering and black money.

HIGHLIGHTS

  • Government provisions requiring Aadhaar number to be linked with bank accounts unconstitutional: SC
  • You need to contact your bank’s customer care and request the delinking.
  • You can also go to the branch of the bank and request an application to delink.

According to the Supreme Court’s judgment on Wednesday, it is not mandatory to link your bank accounts with your Aadhaar number. A five-judge bench of the Supreme Court ruled that the Prevention of Money Laundering Act (PMLA) rules in this regard are unconstitutional.

So, how can you delink your bank account with your Aadhar number?

  • You need to go to the branch of the bank where you have the account and contact the customer care representative.
  • You’ll then be required to submit a formal request in an application to the bank.
  • Carry other KYC documents like PAN card and passbook along with to facilitate delinking.
  • Within 48 hours, the bank will delink your Aadhaar from your bank account and send you confirmation.
  • You can also delink your bank account and Aadhaar number by using net banking facility or your bank’s mobile application.

Here’s why the Supreme Court said Aadhaar-bank account linking isn’t mandatory

  • The Supreme Court said no explanations have been given as to how the mandatory linking of every bank account will eradicate/reduce the problems of money laundering and black money.
  • Secondly, banks are already using alternatives to Aadhaar . There are alternative methods of KYC which the banks are already undertaking; the state has not discharged its burden as to why linking of Aadhaar is imperative. We may point out that RBI’s own Master Direction allows using alternatives to Aadhaar to open bank accounts, the Supreme Court said.
  • The apex court laid emphasis on how bank accounts have become a necessity these days and people are opening bank accounts under various government schemes even with zero balance. It said,They (people) are also becoming habitual to the good practice of entering into transactions through their banks and even by using digital modes for operation of the bank accounts. Making the requirement of Aadhaar compulsory for all such and other persons in the name of checking money laundering or black money is grossly disproportionate.”
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