Mumbai: The National Payments Corporation of India announced linking of 15 crore Aadhar cards with various bank accounts in the country.
NPCI Managing Director and CEO A.P. Hota said here, “NPCI, the umbrella organization for all retail payments system in India, reached a major milestone of successfully linking 15 crore bank accounts with Aadhar number.” The current focus is on linking the bank accounts of 17 crore DBTL beneficiaries of Aadhar numbers by June 30 this year, he added.
Hota said, “It is expected that soon all beneficiaries of all types of government subsidiaries and benefit transfers will be brought under the linkage programme. Such a framework of electronic benefit transfer would not only be unique, but will be one of the largest in the world.”
The extent of leakage prevented due to this unique system would be visible on completion of running the scheme for about a year, he said. In April 2009, the NPCI was set up with the core objective of consolidating and integrating the multiple payment systems into a nationwide, uniform and standard business process for all retail payment systems for facilitating an affordable payment mechanism to achieve financial inclusion.
