Govt eases norms for change of address on Aadhaar
The government has allowed migrants to change address on Aadhaar by giving self declaration, a move aimed at helping them open bank account and promote financial inclusion.
The changes were made by amending the Prevention of Money-laundering (Maintenance of Records) Rules, as per a gazette notification issued on November 13.
It allows a person with Aadhaar number for identification wants to provide address different from what is available in the Central Identities Data Repository, he may give a self-declaration to that effect to the reporting entity, it said.
There was long standing demand to ease address change rule.
The decision will help migrant workers who have address of their native place in Aadhaar but wants a bank account with their current address where they are living for work.
People may have residential address in their Aadhaar and give work address as current address.
There are many cases where people may have their address in Aadhaar and want to give a more functional address for know your customer (KYC).Get access to India’s fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code “GETPRO”. Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.