Is your Credit Score >750?
- Get low interest loans & Lifetime FREE credit cards
- Get customized Credit Health Report
- Improve your creditworthiness
The National Payments Corporation of India or the NPCI is an initiative by the Reserve Bank of India (RBI) and acts as an umbrella for all kinds of retail payments and its settlements. Following the recent mandate by RBI, it is essential to link your Aadhaar and bank account to NPCI to receive the benefits provided by various government schemes. Let us now look at the various ways in which you must link the Aadhaar with NPCI for a bank account.
How to Link the Aadhaar and Bank Account to NPCI?
The National Payments Corporation of India or the NPCI is an initiative by the Reserve Bank of India (RBI) and acts as an umbrella for all kinds of retail payments and its settlements. Following the recent mandate by RBI, it is essential to link your Aadhaar and bank account to NPCI to receive the benefits provided by various government schemes. Let us now look at the various ways in which you must link the Aadhaar with NPCI for a bank account.
How to Link the Aadhaar and Bank Account to NPCI?
Here are the steps to link the Aadhaar with NPCI for a bank account.
Step 1: Go to the official website of NPCI
Step 2: Click on the option ‘Aadhaar Seeding Process’
Step 3: Click on the ‘Click Here’ option under the ‘Aadhaar Seeding Process’ option.
Step 4: The Aadhaar seeding form will be shown in a new tab
Step 5: Fill in the form after going through the instructions.
Step 6: Upload a photocopy of both your bank passbook and Aadhaar card.
Step 7: After processing the request successfully, you will get an SMS to notify you of the successful linking of the account. This will be done within two to three working days.
Form for NPCI Aadhaar Link Bank Account
The Aadhaar and bank account can be connected easily to NPCI using the form for NPCI Aadhaar link bank account. This form incorporates details such as bank branch, account number, name of the account, Aadhaar number, mobile number, and email. After filling the form, you can submit it to the bank. The form for linking is shown below:
Mapper for NPCI
For individuals seeking to guarantee that their Aadhaar-linked payments are directed accurately to their bank, the NPCI mapper serves as a vital tool. In this method, your money will be processed seamlessly and successfully. This verification process involves providing the UID number of the intended receiver and the bank's IIN (Issuer Identification Number).
Why Should You Link Your Aadhaar and Bank Account With NPCI?
Content for infographics
Benefits of Aadhaar NPCI Linking
- Direct transfer benefits from government schemes
- Aadhaar card holders can track their spends easily
- Adds additional security to your financial transactions.
- Easy access to government policies and services
- Enables individuals to enjoy digital convenience
- Direct Benefit Transfer (DBT) Individuals can get direct benefit transfers (DBT) from government schemes. This ensures timely and hassle-free financing without the need for a mediator.
- Track transactions Transactions and receipts throughout the year can be tracked easily by Aadhaar cardholders with the help of the NPCI mapper. The mapper acts as a repository of Aadhaar numbers connected to specific banks. Adhaar-based transactions are routed to the respective destination banks through the NPCI mapper, enabling robust and transparent financial management.
- Additional security Linking the Aadhaar and bank account to NPCI helps in reducing fraudulent activities. It enhances the security of financial transactions ensuring its authenticity.
- Government policies Linking NPCI with Aadhaar ensures easy access to many government policies and services, making it effortless for individuals to access these services.
- Digital convenience The NPCI linking with Aadhaar facilitates a secure and efficient platform for digital transactions. Hence it helps individuals to enjoy digital convenience of payments.
Limitations of NPCI Aadhaar Linking to your Bank Account
- You can connect only one bank account with your Aadhaar. If you want to link multiple bank accounts, then the subsidy charges will increase.
- Charges are payable if the status of NPCI linking Aadhaar to the bank account is shown to be active.
How to Check NPCI Aadhaar Linking Status with Your Bank Account
You can verify the status of your NPCI Aadhaar linking to your bank account both online and offline. Here are the steps for checking the status online
Online
Step 1: Go to the official UIDAI portal
Step 2: Click ‘Aadhar Services’ under the ‘My Aadhar’ tab.
Step 3: Click ‘Check Aadhaar/Bank Linking Status’ from the drop-down menu.
Step 4: Enter the virtual ID or the Aadhaar number.
Step 5: Enter the captcha code shown on the screen.
Step 6: Click the option ‘Send OTP’ to get the OTP.
Step 7: Click ‘Submit’ after typing in the OTP received on your registered mobile number.
Step 8: You will be redirected to a new page showing the linking status
Here are the steps to check the linking status via offline method, SMS, etc.
Offline
Step 1: Dial *99*99*1# from your registered mobile number
Step 2: Type in the Aadhaar number.
Step 3: To verify the Aadhaar number linked to the bank account, re-type the Aadhar number.
You can also check the status of your NPCI Aadhaar linking to your bank account by visiting the branch of your bank. If the mapping has been done successfully then the status will be displayed as active.
FAQs on Link Aadhar and Bank Account to NPCI:
1. How much time does it take for the seeding of Aadhaar to NPCI?
Usually, it takes around 48 hours to link your Aadhaar to your bank account with NPCI.
2. What to do if my Aadhaar is not mapped to NPCI?
If your Aadhaar is not mapped to NPCI, then you must go to the branch of your bank and enquire about why the Aadhaar is not mapped to NPCI. Then, complete the required process to ensure that the mapping is done successfully.