What will happen to bank accounts opened through Aadhaar2 min read . Updated: 02 Oct 2018, 02:32 PM IST
Most banks have started mentioning on their websites that providing Aadhaar-OTP for know-your-customer (KYC) is now optional.
Mumbai: Last week, the Supreme Court said that customers can’t be forced to link their bank accounts to Aadhaar. It also states that a bank account will not be denied or ceased on the basis that he or she does not have an Aadhaar number. However, in the last couple of years most banks had started opening online bank accounts using Aadhaar and one-time passwords (OTP).
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