Progress with us...
internet banking
Mutual Fund
CMS and Payment Solution
Power Access
AxisRemit Online
Remit Money
eDGE Loyalty Rewards
  • LOG IN




Why Linking Your Aadhaar Is A Must For You

Time to read: 4 mins | October 02, 2017

It is said that foundation is the most important part of any kind of building because the building stands firm on that foundation.

Why aadhaar is a must-have - Axis Bank

Similarly, Aadhaar (foundation), a 12-digit unique identity number, which the Unique Identification Authority of India (UIDAI) is issuing for all Indian residents, has become the most basic requirement. This number is generated on the basis of your bio-metrics and demographic information such as - photograph, fingerprints, and iris and is stored in centralized database.

This unique identification number was initially launched to bring efficiency and transparency to the implementation of public schemes and to provide direct benefit transfers. But as Aadhaar has become an acceptable KYC document, its use has been extended to almost every area of your life. And, its importance is clearly on the rise.

Speaking about the Aadhaar programme and its success, The World Bank's Chief Economist, Mr Paul Romer, recently said, "The Aadhaar system is the most sophisticated identification programme in the world."

Currently, the Aadhaar card is needed for:

  • Opening a bank account
  • Employee Provident Fund (EPF) account
  • To link your PAN
  • To link mutual fund investments
  • Filing income tax returns
  • Getting a new mobile phone connection
  • Getting a passport
  • Getting a voter id

The rationale behind this move…

Well, it is to curb money laundering practices. The Government is believed to have taken this decision by amending the Prevention of Money Laundering (Maintenance of Records) Rules, 2005. The Government opines that linking the Unique Identification Document (UID) to other important documents and services will help root out bogus accounts and curb money laundering. Currently, many individuals have more than one PAN assigned to themselves. And this linking to the Aadhaar card will help to close these loops and track the wrong doings.

The Government currently has extended the final date to link your unique Aadhaar number to almost all financial transactions with the aim to track down black money circulation. Hence, by linking the PAN, bank accounts, Employee Provident Fund account, demat account, mutual fund folios, mobile number, and making it essential to file Income-Tax Returns, the Government will be able to keep track of nearly all financial transactions.

Hence, it will be difficult to evade tax and reroute illicit wealth, as all transactions are tracked by the Government and tax authorities.

Link your Aadhaar with savings account:

Linking of Aadhaar with your bank account is to facilitate receiving direct benefit transfer from the Government. For now, it is not mandatory to link your bank account with Aadhaar, except if you have opened your account between July 2014 to August 2015.

The Aadhaar card-bank account link can be done through different channels. The five common channels across banks are:

Internet Banking

Easiest way to link online is via your internet banking virtual account.

  • Open your Axis bank net banking window
  • Login using Internet banking credentials
  • Click on the "Aadhaar Seeding" link for registration
  • Provide details


You can link your account with Aadhaar number at any of the Axis Bank ATM as well.

  • Visit your nearest Axis Bank ATM counter
  • Insert Debit card
  • Click on Registration
  • Enter your ATM PIN
  • Select Link Aadhaar Number from the options
  • Select Account
  • Click on update
  • Enter your Aadhaar Number correctly
  • Re-enter Aadhaar Number
  • Confirm your Aadhaar card number by clicking confirm button on the screen.

Bank Website

Visit the official bank website and look for the official Register Aadhaar Copy page. You can click here to complete the linkage process here.


Customers of Axis Bank can link their Aadhaar with their savings account in two simple steps.

1) AC< last 6 digits of your savings account number
2) Send it to 5676782

For example, send 123456789101 AC 691320 to 5676782, here 123456789101 is your Aadhaar number and 691230 are the last 6 digits of your account number.

After receiving your SMS, the bank will process the same at the back-end. You will be notified once the process is complete.

Bank Branch

Customer can opt for an offline route by visiting the Axis Bank Branch in person.
Some of the benefits of linking Aadhaar to your savings account are as follows:

  • It facilitates direct credit of subsidies from government that includes subsidies from LPG gas, kerosene, sugar, etc.
  • It also helps in the direct credit of welfare funds, pensions, scholarship, MNREGA wages, and so on from Government
  • Aadhaar linked accounts ensure reduction in leakages of Government spending
  • Aadhaar also stands as a valid Know Your Customer (KYC) document

Linking of Aadhaar card to Mutual Funds and Demat account

In an added effort to curb money laundering, you also need to link the Aadhaar card with your mutual fund investments.

Submit the details before the due date to avoid having your mutual fund folios frozen. You can link your Aadhaar details with your respective registrars. This in turn will eliminate the need to link Aadhaar details separately with each mutual fund folio.

Linking Aadhaar with PAN

The Government recently amended the Income-Tax Act, 1961 introducing Section 139AA to make Aadhaar and PAN linkage mandatory for the taxpayers. This is done to curb the tendency to avoid filing taxes—observed among citizens—and to curtail the circulation of black money within the system.

However, the honourable Supreme Court stayed the amendments partially. Subsequently, the Government issued a circular stating that from July 1, 2017 onwards, every person eligible to obtain Aadhaar must quote their UID number or their Aadhaar Enrolment ID number for PAN applications as well as file Income-Tax (I-T) Returns as well as.

Here are three simple steps to link your Aadhaar with PAN:

Step 1: Visit the Income Tax website-

Step 2: Enter your PAN and Aadhaar details; and

Step 3: Complete the authentication process.

Aadhaar for filing I-T Returns

Aadhaar for filing I-T Returns

  • From July 1, 2017 onwards, every person eligible to obtain Aadhaar must quote their Aadhaar number or their Aadhaar Enrolment ID number to file Income Tax Returns.
  • Every person who has been allotted a permanent account number (PAN) as on the 1st day of July 2017, and those who have Aadhaar, or are eligible to obtain an Aadhaar shall intimate his/her Aadhaar details to income tax authorities for the purpose of linking PAN with Aadhaar.

However, in case of non-compliance to the above point, the Court has given only partial relief to those who do not have Aadhaar and who do not wish to obtain an Aadhaar for the time being, their PAN will not be cancelled; so other consequences under the Income Tax Act for failing to quote PAN may not arise.

To sum-up

Clearly, Aadhaar is becoming your primary id.
And, it will probably be one of the biggest kinds of the integration process, whereby one unique identification number will reveal the information about every possible transaction and other details.

However, the issue of privacy and security of personal data continues to remain a contentious issue.

Disclaimer: This article has been authored by PersonalFN, a Mumbai based Financial Planning and Mutual Fund research firm known for offering unbiased and honest opinion on investing. Axis bank doesn't influence any views of the author in any way. Axis Bank & PersonalFN shall not be responsible for any direct / indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information. Please consult your financial advisor before making any financial decision.


Please link your Aadhaar









Your Browser is Outdated!

Please check your browser version & upgrade to one of the following browsers to continue banking with us.

  • v7 osx & above
  • v30 & above
  • v27 & above
  • v11 & above
  • v17 & above

Upgrade your web browser today

Please check your browser version & upgrade to one of the following browsers to continue banking with us.

  • V7 & above
  • V5 & above
  • Android V5.0 & above