What are importance of Aadhar? Advantage?
Hello & welcome to our blog. Today we will share the the importance of aadhaar in present life. Do you know the importance of Aadhaar?
An Aadhaar card is a Unique Identification number which is issued to each & every citizen of India. It is a biometric system where stores all the personal details in a database maintained by the government. Aadhaar provides a unique identity that helps serve various purposes. It can be used for all government programs or services.
The Indian Government has found immense success in the implementation and issuance of Aadhaar, Every Indian’s Unique Identification Number. Almost 90% of Indian’s have a UID, and the government and total population of India have a UID. The government and several businesses have now started using Aadhaar in innovative and interesting ways.
Advantages of AadhaaR
1.Universal address proof:
An address proof is required at many places in the country. If you are living away from home, it will become a huge task for you to provide an address proof. You can use your Aadhaar card as an address proof for a variety of jobs .It offers limited KYC access.
2. Posting an income tax return verification acknowledgement not required.
Aadhaar provides the entire process of tax returns paperless. You can now verify your income tax returns using an Aadhar OTP and log in to your vault and review past returns using your Aadhar Number.
3. Open a bank account, invest in mutual funds or buy an insurance policy
There is no requirement for KYC compliance if you have holding an Aadhaar. You can now open a bank account, invest in mutual funds as well as purchase an insurance policy with ease.It is very important to adhaar Link with pan for mutual funds.
4.Easier EPF withdrawals
You can now link your Aadhaar with the EPF account number. Through it, you can directly approach the EPFO for a withdrawal and their updation
5.Receive government benefits directly
If You have Adhaar,You may now obtain all government benefits directly to your bank account. Be it gas subsidy or pension benefits, the process is easy and enables quick receipt.
6. Advantage of digital locker
The government has launched a Digi-locker system for individuals to store their personal documents. The process requires the individual to link their Aadhaar and then store all the documents on the government’s secured server.
6.Digital life certificate
The digital life certificates or the Jeevan Praman for pensioners, abolishes the requirement for a pensioner to be physically present in order to receive his/her pension. You can open meri pehechan account through aadhaar.
7.Schoolership
For a student adhaar card is so important to Government benefits.
Also read
Aadhaar link with pan for mutual funds