Norms of Aadhaar KYC are eased, not of 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.
