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The Centre has reportedly granted permission to migrants who wish to change their Aadhaar address by submitting a self-declaration. The existing norms were revised in order to simplify the process of opening a bank account and to encourage financial inclusion in the country.
A gazetted notification was issued on Wednesday, 13 November 2019, making amendments to the Prevention of Money-laundering (Maintenance of Records) Rules, 2005.
As per the update, an individual will be allowed to provide a different address from the address linked to the Aadhaar number in the Central Identities Data Repository. The concerned individual will be required to submit a self-declaration to the reporting authority for the same.
Also Read: CBDT Issues a Notification: Enables Quoting Aadhaar Instead of PAN
The government believes that the new norms will allow migrants to open bank accounts with their current address even if they have the address of their native place in the Aadhaar.
In most cases, people submit their work address as the present address though they have a native residential address in the Aadhaar card.
The new norm is also expected to help individuals who wish to provide a better functional address for processes such as the know your customer (KYC).
For any clarifications/feedback on the topic, please contact the writer at viswanathan.v@cleartax.in.
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