PAN, Aadhaar becomes mandatory for making investments in PPF, NSC, other small savings schemes

The Finance Ministry has made PAN and Aadhaar numbers mandatory for making investments in post office schemes such as Public Provident Fund (PPF), Senior Citizen Savings Scheme (SCSS), Sukanya Samirddhi Yojana (SSY), Mahila Saman Scheme etc..

Earlier, an investment could be done without providing one's Aadhaar number..

In case the Aadhaar number is not available to the individual when opening an account in post office schemes, he/she shall provide proof of enrollment slip for the Aadhaar number..

Further, the account holder will be required to provide the Aadhaar number within six months from the date of opening of the account number to link it with the small savings scheme investment...

Earlier, if an individual did not have PAN or Aadhaar at the time of investing, then he/she was allowed to submit other official valid documents such as utility bills of any service provider - water, electricity, telephone - not more than two months old, municipal tax receipts, property tax receipts, pension or family pension order issued to retired government employees etc. containing the present address. ..

You might be interested in