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A five judge bench on 15 December 2017 agreed to the Central government's decision to extend the deadline of linking of "everything", including mobile phones and bank accounts, to Aadhaar card till 31 March 2018.
Despite the validity of Aadhaar being challenged in the court, [32] [33] the central government has pushed citizens to link their Aadhaar numbers with a host of services, including mobile SIM cards, bank accounts, registration of deaths, land registration, vehicle registration, the Employees' Provident Fund Organisation, and a large number of ...
Direct Benefit Transfer [a] or DBT is an attempt to change the mechanism of transferring subsidies launched by Government of India on 1 January 2013. This scheme or program aims to establish a Giro system to transfer subsidies directly to the people through their linked bank accounts.
Linking bank accounts with the same bank Many consumers have multiple types of bank accounts with the same bank, such as a checking and a savings account or a checking and a money market account .
[3] [4] Guinness World Records recognises the achievements made under PMJDY, Guinness World Records Certificate says "The most bank accounts opened in 1 week as a part of financial inclusion campaign is 18,096,130 and was achieved by Banks in India from 23 to 29 August 2014". By 1 June 2016, over 22 crore (220 million) bank accounts were opened ...
BHIM (Bharat Interface for Money) is an Indian state-owned mobile payment app developed by the National Payments Corporation of India (NPCI), based on the Unified Payments Interface (UPI).
Unified Payments Interface (UPI) is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions.
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