The Income Tax department has started a fresh campaign to catch black money hoarders and tax evaders. A new Income Tax notification asked the banks and financial institutions to block bank accounts of those persons who have not updated their personal data and have not linked there bank accounts with Aadhaar .
You have time till April 30 to get your bank accounts linked with Aadhaar, if you do not do that your accounts will be blocked. Not only Aadhaar, you also need to submit know your customer (KYC) details to avoid blocking of your account. You wil also have to self-certify these documents.
If you have opened your bank account between July 2014 and August 2015 and do not want your account to be blocked by the bank, rush to the bank to link your account to your Aadhar number.
Insurance and stock accounts have also been included in the order.
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