Govt indefinitely shelves Dec 31 deadline for Aadhaar, PAN in bank dealings

The government has extended until further notice the December 31 deadline for mandatory quoting of national biometric identifier Aadhaar and PAN for certain financial transactions like opening of a bank account.
 
While the deadline has been withdrawn through a Gazette notification issued yesterday, new timelines will be intimated later.
 
The new rule notified in the Gazette modifies the Prevention of Money Laundering Act of 2002 to replace the requirement of submitting "the Aadhaar number and Permanent Account Number by December 31, 2017" with a provision saying "submit the Aadhaar number, and Permanent Account Number or Form No. 60,