Aadhaar Linking in MF Folio - Eliminate duplication of effortsNo. of comments:10 varadharajan VS, CHENNAI, 83246 On 11-Sep-2017
In spite of the SC order on right to privacy, all agencies are making it compulsory to link his/ her Aaadhar no to their mobile, Bank, Pan etc. AMCs are also joining the me too group and want their customers to link their Aadhaar to the folio.
There are many critical factors in a MF folio. Pan no. Bank account being the top most. By end December, 2017, every should have linked their pan or bank account with Aadhaar.
Instead making the customer customer do another unproductive work, the AMCs, RTAs can tie up with the KRA agency and banks to fetch the data and easily link the Aadhaar with Folio.
If there is a discrepancy, mismatch or non compliance in any of the other two agencies, both pan and bank account will be frozen or deactivated.
Can the AMCs /AMFi consider this suggestion.