Ministry of Finance
NORMS OF AADHAAR KYC ARE EASED,
NOT FOR
THE CHANGE OF ADDRESS IN AADHAAR
POSTED ON: 14 NOV 2019 4:28PM BY PIB
DELHI
Norms of Aadhaar KYC are eased for opening of bank account and
not for the change of address in Aadhaar, said the Department of Revenue (DoR),
Ministry of Finance today while clarifying on Aadhaar KYC use with reference to
its notification dated 13.11.2019 on amendment to the Prevention of
Money-laundering (Maintenance of Records) Rules, 2005. The DoR said in a
categorical statement that its notification is with regard to easing of Aadhaar
KYC use for opening of the bank account for the convenience of people who often
migrate from place to place for jobs or any other reason and it is not
regarding the change of address in Aadhaar card, as has been misreported in
various media.
Revenue Secretary, Dr. Ajay Bhushan Pandey said, “The amended
PMLR applies only to Aadhaar KYC purposes for opening of bank account and not
for the change of Address in Aadhaar card. If a person has moved residence for
purposes of work and needs to use Aadhaar KYC for opening a new bank account or
change his bank branch, etc., he can give a self declaration of new address
while retaining the original address on his Aadhaar card”.
Dr Pandey said that the PML Rules amendment makes opening bank
account easier for individuals who are living in an address different from
their address in Aadhaar. People who submitted Aadhaar card with a different
address as KYC at banks can now submit local address by providing a
self-declaration.
He said that with this amendment, giving a self-declaration
about a local address or any address other than the one on Aadhaar card will be
sufficient as address proof to open bank account with Aadhaar KYC. This
amendment brings in convenience especially for the migrant people. For example,
if a migrant worker comes from Jharkhand to Mumbai and his/her Aadhaar has
Jharkhand’s address, then to open a bank account a self-declaration about
his/her local address in Mumbai will be sufficient for Aadhaar KYC.”
DoR sources said that the change has been made through an
amendment in the PML Rules and not by way of amending Aadhaar Act/Regulations.
So, it does not apply to change of address in Aadhaar card. This amendment has
been issued to allow people who have used Aadhaar KYC to open bank account and
want to give an address different from the address in Aadhaar as current
address on self declaration basis.
