MUMBAI: The Reserve Bank today directed banks to ensure opening of Aadhaar enabled banks accounts for beneficiaries of the Mahatma Gandhi National Rural Employment Guarantee scheme and other social security schemes for facilitating electronic transfers. "In view of the timelines attached to the implementation of Electronic Benefit transfer (EBT) for routing MGNREGA wages and social security benefits including proposed cash transfers in respect of subsidies on Kerosene, LPG and Fertilisers, you are requested to ensure opening of Aadhaar Enabled Bank Accounts (AEBA) of all the beneficiaries...," the Reserve bank said in a circular. It said that such an account based on the Aadhaar unique national identification number should also be opened for residents of villages with less than 2,000 population for promoting financial inclusion.
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