Global Organization of People of Indian Origin, Inc.
GOPIO International
P.O Box 1413, Stamford, CT 06904, USA
E-mail: gopio@optonline.net,www.gopio.net
PRESS RELEASE
AADHAAR AND PAN CARD NEED TO BE LINKED TO BANK ACCOUNTS IN INDIA
NRIs/PIOs who do not live in India less than six months are not eligible to get an Aadhaar card.
However, the Reserve Bank of India recently published notifications stating that all bank accounts must be linked to the Aadhaar card number and Pan card by December 31, 2017.
Many millions of Indians living abroad have NRE, NRO and fixed bank deposits, and those accounts are generally 5-25 years old. Overseas Indian account holders will not be able to produce Aadhaar and Pan cards to keep their account active after December 2017.
GOPIO has sent an appeal to Prime Minister Narendra Modi with a request that as the Income Tax Department has exempted the Overseas Indians from requiring Aadhaar card for filing their tax returns, similar rules must apply for holding bank accounts by NRIs and PIOs.
GOPIO is yet to hear from the Prime Minister.
Contact: GOPIO International, Tel: 203-329-8010, gopio@optonline.net.
