Tuesday, March 04, 2025 | 04:24 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Soon, make payments with your Aadhaar number without linking it to a bank

IndiaPost's payments bank to become operational in Sep; make Aadhaar payment address

Aadhaar
Premium

Aadhaar

BS Web Team
Your 12-digit Aadhaar number could soon be your single point payment address for sending and receiving money without needing to link it to a bank account, once the IndiaPost payments bank becomes operational in September, reported The Economic Times on Tuesday. 

Quoting IndiaPost CEO AP Singh, the report said that Aadhaar is not a payment address by itself at present, but that will change once IndiaPost's payments bank comes online. The bank hopes to cover at least 650 districts of the country in the initial stage. 

"We will bring out a solution to make Aadhaar a payment

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in