Why Aadhaar Card is Important?

  Why Aadhaar Card is Important?

What Is Aadhar Card?

The Aadhaar card is a unique identification number linked to the cardholder's fingerprints and iris scans. The Aadhar card is issued by the UIDAI. It serves as proof of identity rather than citizenship. The card's code is a 12-digit unique number assigned by the UIDAI to Indian citizens after they complete the verification process. Indian residents of any age, gender, religion, or nationality may voluntarily enroll to obtain an Aadhaar card.

Benefits of Aadhaar Card

An Aadhaar number is a one-of-a-kind number assigned to each citizen of India. It is a centralized number that is unique to each person.

This card enters an individual's information into a government database. This card has become the government's primary means of providing citizen services and public welfare.

While the government promotes the various Aadhaar card uses through public awareness campaigns, many users are unaware of a few of them.

Advantages of Aadhaar Card

Universal address proof: At various locations throughout the country, address proof is required. If you live away from home, it will be extremely difficult for you to provide address proof. You can use your Aadhaar card to prove your address for a variety of purposes.

Open a bank account, invest in mutual funds or buy an insurance policy: If you have an Aadhaar card, there is no need for KYC compliance.

You can now easily open a bank account, invest in mutual funds, and purchase an insurance policy.

Posting an income tax return verification acknowledgment is not required: Aadhaar eliminates the need for paper tax returns.

You can now use an Aadhaar OTP to verify your income tax returns and log in to your vault to review past returns using your Aadhaar number.

Easier EPF withdrawals: You can now connect your Aadhaar number to your EPF account number. You can approach the EPFO directly through it for a withdrawal.

Receive government benefits directly: All government benefits can now be deposited directly into your bank account. Whether it's a gas subsidy or a pension benefit, the process is simple and quick.

Advantages of digital locker: For individuals to store their documents, the government has implemented a Digi-locker system.

The individual must link their Aadhaar and then store the documents on the government's secure server.

Voter card linkage: To eliminate bogus voting, the Aadhaar card number is linked to voter ids. Multiple voter id holders would be unable to use multiple ids as a result of this.

Digital life certificate: The digital life certificate, also known as the Jeevan Praman for pensioners, eliminates the need for a pensioner to be physically present to receive his or her pension. Pensioners can continue to receive their benefits without having to leave their homes.

The Aadhaar card is expected to gain prominence in the coming years; additionally, the government is attempting to link the system with multiple other systems to increase its significance.

10 Reasons why Aadhar Has Now Become Very Basic in your Life

While Aadhaar is required to access most government services, the private sector has begun to rely on it as well. That is a sure sign that Aadhaar is here to stay and will become your primary form of identification. Employers are beginning to use Aadhaar to verify potential employees, which could reduce the week-long verification process to less than 15 minutes and drastically reduce hiring costs. It also helps to make the process paperless, as there is no need to provide documents such as proof of residency.

With Aadhar being adopted even by the private sector, it will soon become the foundation of the majority of your business and official transactions, true to its name. In addition to a slew of other mandatory Aadhaar uses, the government may soon make it mandatory to buy stocks and mutual funds. The government intends to link Aadhaar to a financial market transaction in an attempt to curb sharp practices such as the conversion of black money into white money through the stock market.

1. Bank Account:

Aadhaar is required to open a bank account. In addition, all current bank account holders must provide their Aadhar numbers to their banks. It is also required for any financial transaction of Rs 50,000 or more.

2. Income Tax Return:

The government has made it mandatory to include Aadhaar when filing income tax returns.

3. PAN Card:

If you apply for a permanent account number, you must provide Aadhaar (PAN). A pre-existing PAN must be linked to an Aadhaar number.

4. Employment provident Funds Account :

Employees provident fund organization (EPFO) has made linking provident fund accounts with Aadhaar mandatory.

5. Mobile Phone Number:

To obtain a new phone number, you must provide your Aadhaar number. The existing phone number must also be linked to Aadhaar.

6. Scholarships:

Students applying for central scholarships and other financial aid programs must provide their Aadhaar numbers.

7. Passport:

The Ministry of External Affairs has made the Aadhaar card one of the required documents when applying for a passport. You will be unable to obtain your Passport unless you have Aadhaar.

8. Concession On Railway Tickets:

To stop misuse and leaks Indian Railways has made quoting Aadhaar mandatory to received concessions on railway tickets.

9. Mid-Day Meal:

Students in government-funded schools will be unable to obtain a mid-day meal unless they have an Aadhaar card.

10. PDS Benefits:

Aadhar has been linked to public distribution benefits. To receive all PDS subsidy benefits, the individual must link Aadhar with a ration card. It has been made mandatory for almost all central government welfare schemes.

You Can Contact us on:

Email id: cscsaarthak@gmail.com

Contact No: 08421333791

Address: Shop no-7 Gansagar Apartment aside from Bhagyashree traders, Tukroji square Nagpur. 440027