NEW DELHI: The government has indefinitely extended the deadline for mandatory linking of Aadhaar with bank accounts under the Prevention of Money Laundering Act (PMLA).

The stipulated date for linking bank accounts, mutual fund folios and insurance policies with Aadhaar had been December 31, 2017, but Wednesday’s notification keeps the deadline open-ended.A new rule modifying the Prevention of Money Laundering Act of 2002 has been notified to replace the requirement of submitting “the Aadhaar number and Permanent Account Number by December 31, 2017″ with “submit the Aadhaarnumber, and Permanent Account Number or Form No. 60, by such date as may be notified by the Central Government”.The notification by the Department of Revenue in the finance ministry effectively paves the way for extending the deadline for mandatory quoting of Aadhaar for activities like the opening of a bank account.
