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Saturday, August 27, 2016

Why Aadhaar Card is Necessary? Know Here.

UID Benefits
Aadhaar Card is one of the vital project for the government of India, where they want to bring transparency and easiness in the service provided by government. The Unique Identification Authority of India (UIDAI) , a central government agency who is responsible to issue Aadhaar Card, has set goal ,up to September 2016 each citizen of India will have Aadhar number (unique identification code). Modi government has already prepared Aadhaar card of 104 crore people of India. There are ten services those will be linked with UID. Means only Aadhar number holder can use it. Here is the list of the services where Aadhaar number is necessary.

1.Bank Account
Aadhar Id is going to be compulsory to open account in any bank of India. As per current scenario you can open bank account without Aadhar card but later when the government makes it mandatory no chances to open bank account without it. If your bank account is linked with UID you can get transferred government scheme’s subsidy amount directly into your account.

2.Provident Fund (PF) Account
Currently Employees' Provident Fund Organization is linking all existing PF accounts with Aadhaar number. The same thing is going to happen here what will apply to the bank. Without UID you can not open the PF account.

3. Purchase Car
Without UID you can not buy vehicle.UID is compulsory to register the vehicle at RTO. Currently it is not mandatory but in coming days you must have UID in order to buy vehicle and to register it.

4. Purchase Property
To buy any kind of assets, including home, you have to provide UID.Even to register that property you will have to provide the same. The government says that by implementing it ,they can trace transactions easily and can manage tax slab for those buyers. It will be helpful to control black money.

5.Phone SIM card and landline connection
Sometimes mobile phone SIM cards are sold without any proof such connections are used in anti-social activity. To stop black marketing of SIM cards, it is a necessary step by the government. It means without UID no phone connection, neither landline nor wireless.

6. Insurance
In future, any kind of insurance policy , life insurance, health insurance, accidental insurance cover is not possible without UID. It will become a tough job to get approved insurance claim without UID. Currently, UID is not necessary to get approved the claim.

7. Passport
It will control on duplication of both passport and pan card. If one has both, he can’t make it again. So, the UID is going to be mandatory proof to create new passport.

8. Union Public Service Commission (UPSC) and Staff Selection Commission (SSC) Exam
For now there is no requirement of UID for UPSC & SSC exam registration but , in future it will be asked to attach to register for above exams.

9. Demat Account
Demat account is necessary to trade in share market. Now, most of the retail investors are moving to invest share market , the numbers of investors are increasing day by day. Here, UID document is going to be core documents to open demat account.

10.Government Scheme
To get benefits all the government schemes like, PAHAL (LPG Subsidy), Pradhan Mantri Jan Dhan Yojna, Digital Locker etc, it is necessary to have UID number.

By:Jitendra Indave

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