Why to Link your Aadhaar Card with Bank Account ?
The most important benefit of seeding the number is receiving the social welfare scheme payments, and other benefits from various schemes run by government of India. Here are the schemes and benefits :
1) Direct Benefits Transfer of LPG (DBTL)
To make use of DBTL (Direct Benefit Transfer of LPG or PAHAL (Pratyaksh Hanstantrit Labh) the consumers needs to fill up a form which is available with distributors and also on www.mylpg.in. The consumers have to provide their Aadhaar number to LPG distributor and also to the Bank.
Once the LPG consumer number is linked, the Subsidy Amount of LPG Cylinder is credited directly to the Aadhaar linked bank account. The difference between the market price and subsidized rate which is the subsidy amount is credited to the bank account of the consumer. You have the option to give up LPG subsidy at any point of time.
2) Subsidy for Commodity products
Once you link your Aadhaar Card with Bank Account, not only you get LPG Subsidy in your Bank Account but also subsidy for wide range of commodity products. These commodity products are as kerosene, sugar, rice, pulses etc. The subsidy amount for all the subsidized commodity products also gets transferred to the Aadhaar linked Bank Account.
3) MNREGA(Mahatma Gandhi National Rural Employment Guarantee)
The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) is a law which says that any adult who applies for a Job in rural areas needs to be given work on local public works within 15 days. In case the employment is not given, unemployment allowance has to be paid.
All people working under MNREGA will also get their wages credited directly to their bank accounts.
4) Tribal Welfare Schemes & Pensions
All people associated with Tribal Welfare schemes and Pension takers can also get their Payments directly credited to the aadhaar linked bank account.
All the students who receive scholarship from the state or central government can get their Scholarship amount credited to their bank accounts. This can be done only if the bank account on the name of the student is linked with their Aadhaar Number. This linking of Aadhaar with Bank Account to receive scholarship amount is mandatory only in a few Indian states.
6) Country wide access
The online inter-operable system of Aadhaar Enabled Payment System (AEPS) helps a resident to access his bank account from anywhere in the country and in the coming future, the bank account will be accessible through any delivery channel e.g. ATMs, microATMs etc.
7) Helps to Reduce Leakage of Government Spending
Aadhaar enabled accounts helps reduction in leakages of government spending.
Final Words :
These are some important benefits you get by linking your Aadhaar Card to Bank Account. To make full use of one more of these benefits you must link your Aadhaar Card with your Bank Account. In future, Government is planning to introduce more beneficial schemes for residents of India. So, what are you waiting for ? Link you Aadhaar Card to your Bank Account now !
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