Norms of Aadhaar KYC for banks are eased, not address change; Move to help migrants

New Delhi: Norms of Aadhaar KYC are eased for opening of bank account and not for the change of address in Aadhaar, said the Department of Revenue (DoR), Ministry of Finance, today while clarifying on Aadhaar KYC use with reference to its notification dated 13.11.2019 on amendment to the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005 (PMLR).

The DoR said in a statement that its notification is with regard to easing of Aadhaar KYC use for opening of the bank account for the convenience of people who often migrate from place to place for jobs or any other reason and it is not regarding the change of address in Aadhaar card, as has been misreported in various media outlets.


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Revenue Secretary Ajay Bhushan Pandey said, “The amended PML Rules applies only to Aadhaar KYC purposes for opening of bank accounts and not for a change of Address in Aadhaar card. If a person has moved residence for purposes of work and needs to use Aadhaar KYC for opening a new bank account or change his bank branch, he can give a self declaration of new address while retaining the original address on his Aadhaar card.”

Pandey said that the PML Rules amendment makes opening bank account easier for individuals who are living in an address different from their address in the Aadhaar database and on the card. People who submitted Aadhaar cards with a different address for KYC at banks can now submit a local address by providing a self-declaration.

He said that with this amendment, giving a self-declaration about a local address or any address other than the one on the Aadhaar card will be sufficient as address proof to open a bank account with Aadhaar KYC.


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“This amendment brings in convenience, especially for migrant people. For example, if a migrant worker comes from Jharkhand to Mumbai and his/her Aadhaar has Jharkhand address, then to open a bank account a self-declaration about his/her local address in Mumbai will be sufficient for Aadhaar KYC,” clarified Pandey

DoR sources said that the change has been made through an amendment in the PML rules and not by way of amending Aadhaar Act/Regulations. So, it does not apply to a change of address in Aadhaar card.

This amendment has been issued to allow people who have used Aadhaar KYC to open bank accounts but want to give an address different from the address in Aadhaar as a current address on a self-declaration basis.


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The ID Staff

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