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Link accounts to Aadhaar by April: I-T department

Link accounts to Aadhaar by April: I-T department

Wednesday, April 12, 2017, 9:58 AM

Accounts opened from July 2014 to August, 2015 will have to submit know your customer (KYC) details and their Aadhaar number to banks and financial institutions by April 30 and self-certify them to comply with FATCA regulations. In case the account holders are unable to furnish details and provide self-certification by the new deadline, banks and financial institutions have the option of blocking the accounts.
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