Ever since its start and implementation, the UIDAI initiative even addressed as Aadhaar has been instrumental in digitizing and making finances simpler for Indians. In the 2010s, digital banking was also addressed as net banking was accessible only to the ones who had personal computers along with internet access. Today, owing to the launch of UPI, anyone using the phone can receive and send funds instantly. A major part of this became possible via the ID authentication that the Aadhaar card brought with it. So, we can say, because of the launch of Aadhaar card your requirement to visit Canara bank or Bank of Maharashtra during Canara bank timings, and Bank of Maharashtra timings, respectively has reduced drastically.
In the case you are opening a savings bank account in the year 2023, you mandatorily require showing an Aadhaar as part of the know your customer (KYC) authentication procedure. If it is a savings bank account opened before the Aadhaar card was mandated, you will require linking your Aadhaar card details to your existing bank account. If you fail to do so, then your bank account is generally inactivated.
Here’s a stepwise guide to check out your Aadhaar card and saving account linking status using the online mode –
Reviewing bank and Aadhaar card status is very simple. All it requires is just a few minutes. Here’s how you must proceed –
No. 1 step –
Visit the official site of UIDAI and hit on the option “check Aadhaar or bank seeding status”.
No. 2 step –
Next, you will be redirected to the bank mapper page. Here, you require initially input your twelve-digit Aadhaar card number or the 16-digit VID.
No. 3 step –
You must now input the characters as represented on the web page as security authentication code and hit on the “Send OTP” option and then the TOTP option. (Note that TOTP’s full form is time-based OTP or one-time password).
No. 4 step –
A six-digit OTP or an eight-digit TOTP will be received by your mobile phone. Remember these codes will be sent to the Aadhaar-registered mobile number. Input the OTP and TOTP in the required fields and then hit on the “submit” option.
No. 5 step –
The UIDAI site will next show up your financial institution’s seeding status and the account that is attached to your Aadhaar. However, remember that just the bank’s name will be shown. You will not be able to find other details related to your bank account. So, in the case you hold multiple accounts with the same financial institution, you will have to approach the financial institution personally and confirm if your bank account is linked with your Aadhaar details.
How can you review your Aadhaar and your bank linking status on the mAadhaar application?
It is even possible for you to check out the Aadhaar and savings bank account linking status through the mAadhaar application. Here’s what requires to be done.
No. 1 step – Sign in to the mAadhaar application through the login credentials.
No. 2 step – Hit on the option “my Aadhaar” and choose “Aadhaar bank account linking status”
No. 3 step – Next, input the twelve-digit Aadhaar card details. Also, you must input the security captcha as shown and then hit on the option “request OTP”.
No. 4 step – You will get an OTP on your phone number registered with your Aadhaar card. Input this in the blank space provided and then hit on the option “verify” to check out the bank account and Aadhaar linking status.
What is the alternative mode to check out your bank account and Aadhaar linking status?
A few financial institutions even provide the choice to check out the Aadhaar and savings account linking status directly on the site. If your financial institution offers this choice, all you require doing is inputting your bank account details, next input the captcha, i.e., the security code as shown. Once you place this information, the financial institution’s webpage will show up whether the account is linked to Aadhaar. This helps you to check out the bank and Aadhaar linking right from the convenience of your home. So, here this means, if you have a savings bank account with the Bank of Maharashtra, then you do not require visiting as per Bank of Maharashtra timings to know if your account is linked with your Aadhaar card details. You simply need to visit the Bank of Maharashtra’s website and check if the bank allows you to see the linking status. If yes, then accordingly follow the steps as mentioned by the bank to know if your bank account and Aadhaar card are linked. If you find that your account is not linked with your Aadhaar card, then immediately take the correct measures to link your bank account with your Aadhaar card.
Ending note –
It is mandatory and super useful if your bank account is linked to your Aadhaar card. On many digital financial institutions’ websites, this permits you to open a savings bank account digitally with zero need for visiting the branch or approaching or getting in direct contact with the institution’s representative. Your KYC authentication is performed entirely online, and you get access to your savings account instantly on the same day of filling out the application form.
Frequently asked questions (FAQs)
What is the advantage of linking your Aadhaar card with your savings bank account?
Linking your bank account with your Aadhaar card provides you with various benefits. Firstly, it serves as a valid authentication norm and thus, makes it simpler for you to open a savings bank account. Secondly, it even facilitates simpler credit of LPG subsidies and government-linked credits such as income tax refunds.
Linking your bank account with Aadhaar even allows you to lower the possibility of bank-linked frauds, makes the detection of frauds simpler, and enables you to operate your savings account from anywhere using any electronic device. So, ensure to check out your bank and Aadhaar linking status and get it done immediately.
What happens if your savings account is not linked to your Aadhaar card?
As linking your savings account with your Aadhaar card is mandatory now, your account may stay deactivated until the time you link your savings account and Aadhaar card. Once you link them, your account will be activated.