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As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.
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Aadhaar, introduced in 2009 by the Unique Identification Authority of India (UIDAI), has become the cornerstone of identity verification for Indian residents. While it is a crucial tool for residents to access government services, NRIs often find themselves puzzled about its relevance for them. Whether you are managing property in India, dealing with taxes, or navigating financial services, you might have encountered the term Aadhaar and wondered if it's necessary for you as an NRI.
In this article, we’ll clarify whether NRIs can and should apply for an Aadhaar card, the process involved, and the potential benefits it offers for your transactions and services in India.
NRIs can apply for an Aadhaar card under specific conditions. Recent updates have simplified the process, making it more accessible. Here’s what you need to know –
These updates have simplified the process, making it easier for NRIs to obtain an Aadhaar card with minimal hassle.
To apply for an Aadhaar card for NRIs, you must first select the correct form based on proof of your address.
Once you have identified the correct forms, here are the steps to apply for an Aadhaar card as an NRI:
Confusion when applying for Aadhaar can lead to mistakes, causing delays. Here’s the reality behind common myths –
By understanding the rules, you can avoid common mistakes and make informed decisions.
While Aadhaar is not mandatory for NRIs, it offers several advantages –
While an Aadhaar card for NRIs is not mandatory, it can help streamline banking, investments, and property transactions in India. However, NRIs should be prepared to provide additional documents for verification, depending on the service. It is advisable to regularly check the UIDAI website as well as other official sources for the latest updates and requirements.
The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.
The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirstbank.com for latest updates.