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For a long time, the authenticity and validity of Aadhaar as an Officially Valid Document (OVD) has been under question. The Supreme Court pronounced its judgment concerning the constitutional validity of Aadhaar on 26th Sept, 2018, where it has mentioned that; Aadhaar is not a mandatory document to open a bank account.
UIDAI has also updated their website and has clearly mentioned that Aadhaar is a preferred KYC document. But you don’t have to submit it mandatorily and can submit any other document as prescribed by the RBI in their list of Officially Valid Documents.
Let us further look at all the details
What is a masked Aadhaar Card?
The UIDAI’s portal provides a feature where you can download a Masked Aadhaar Card. In a masked Aadhaar Card, the first eight digits of your card are masked and only the last four digits are visible. As per the new directives by the RBI, a masked Aadhaar Card is a valid document and can be submitted to the bank while opening a bank account.
Also Read: A Guide On How To Update Aadhaar Card Details
Why Aadhaar is not a mandatory identity proof?
A case concerning the constitutional validity of Aadhaar is presented before the Supreme Court. It then passed its verdict in 2018, making it clear that Aadhaar is non-mandatory for opening a bank account or to get a new SIM card, etc.
The Supreme Court statement on Aadhaar
Aadhaar is mandatory for –
Aadhaar is not mandatory for –
Also Read: How To Retrieve A Lost Aadhaar Card Online
Documents required to complete KYC
The RBI has asked to present the below mentioned documents for banking requirements:
(ii) E-KYC authentication with the consent of the customer where the customer wishes to receive any subsidy/benefit from any scheme mentioned under the Section 7 of Aadhaar Act, 2016.
Typically, an account opening form available at any bank branch will highlight the required information and documents. Further, if you are looking to open a bank account online, the bank’s website or their mobile banking app will guide you through the account opening process.
Providing Aadhaar is voluntary.
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