Govt to banks: Get all accounts on net banking by March 31

96 views · Published 2 March 2017 · 0:25 · Indexed 19 October 2026

Channel: Jai Maharashtra News · 2017 · News & Politics

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The government has instructed banks to enable internet banking across all accounts by March 31 and mandatorily link them to the Aadhaar number to facilitate digital payments and online transactions. The measure has been approved at the "highest levels" in the government, and is aimed at facilitating digital payments across the banking system.
"This measure will further enable the rapidly-evolving digital payments setup in the country and will help add in a new set of consumers to the world of online transactions," IT minister Ravi Shankar Prasad told TOI here. The ministry has been coordinating efforts to digitise transactions and is a nodal point for several initiatives in this direction, including ensuring digital safety and putting in place cyber security measures.
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