Aadhaar Link with Sbi Bank Account

Aadhaar refers to “foundation”. Aadhaar card is a government document comprising of a 12 digit unique number which is different for every individual. It not only comprises of identity data of an individual but also his or her biometric and demographic data. The data is collected by UIDAI which is set up by the Ministry of Electronics and Information Technology.

At present Aadhaar is the largest biometric ID system in the world. About 99% of Indians are enrolled into UIDAI database.In the words of World Bank’s chief economist, Paul Romer, Aadhaar is the “ most sophisticated ID programme in the world”.

Benefits Of Aadhaar Card

The Aadhaar cards comes with a number of benefits. Few of the advantages of holding an Aadhaar card are:

  • Almost all day to day important services requires Aadhaar as a mandatory KYC document. For example, Aadhaar is mandatory to avail mobile networks, LPG subsidies etc.
  • Aadhaar is also a compulsory document while opening a new bank account while making big financial transactions etc.
  • Individuals who are selected under government schemes and subsidies will directly receive their share of money in their Aadhaar linked bank accounts.
  • Pensioners who have registered their Aadhaar number do not have to go through time consuming documentation. Elderly people who have registered their Aadhaar number will get their pension timely.
  • Scholarship money will also be directly credited to the beneficiary’s bank account.

    How To Link Aadhaar With Sbi Bank Account

The State Bank of India is India’s largest public sector bank in India.The roots of the bank lie in Imperial Bank of India which was established during the British era. At present, the bank has more than 23000 branches and more than 59000 ATMs all across the country. Further, it has a network of 198 branch offices in 37 countries. The bank has opened up various avenues for its customers so that they can link their Aadhaar number with their SBI bank account. Some portals by which Aadhaar linking process can be completed are:

Link Aadhaar with SBI Bank Account

  1. Visit the official website of State Bank of India.
  2. Click on “ my accounts” and then click on the link “ Link Aadhaar number”.
  3. After this, you will be redirected to a page where you are required to fill in details like bank account number, Aadhaar number and then click on “submit”.
  4. The screen will display the last two digits of your registered mobile number.
  5. once Aadhaar is linked with the bank account, a confirmation SMS or email about the same will be sent to your registered mobile number or email id.

Link Aadhaar with SBI Bank Account offline

  1. Visit the nearest SBI branch.
  2. Collect the form to link Aadhaar with bank account (It is available in all SBI bank branches)
  3. Fill in all the details in the form and submit it to the bank authorities.
  4. After this submit both the original as well as a photocopy of your bank’s passbook and Aadhaar card for verification.
  5. The original document will be returned back after verification process gets completed.
  6. After successful verification, the Aadhaar card will be linked with bank account manually by the bank authorities. An SMS or email will be sent to the registered mobile number or email id confirming about the same.

Link Aadhaar with SBI Bank Account with an SMS

  1. Customers who have registered their mobile number with the bank can link their Aadhaar with bank account by typing UID space Aadhaar number space account number and sending this message to 567676.
  2. An SMS will be sent to your mobile number confirming the Aadhaar- bank account link.
  3. The Aadhaar number will be verified by UIDAI.If the verification fails then an SMS will be sent on the same number asking the account holder to visit the nearest bank branch along with the necessary KYC documents.

Link Aadhaar with SBI Bank Account via ATM

  1. Visit your nearest SBI ATM booth.
  2. Swipe your card and enter your PIN number.
  3. Select “service -registration” and then click on “Aadhaar registration”.
  4. Enter your type, that is, savings or current account.
  5. Enter your Aadhaar number and do the task again.

State Bank of India

The State Bank of India is the largest state-owned banking and financial services company in India. The bank provides various banking services to the customers. Other than the banking services, the bank along with the subsidiaries provides a range of financial services which include Life Insurance, Merchant Banking, Mutual Funds, Credit Cards, Factoring, Security Trading, Pension Fund Management etc.

The bank functions in four different business segments named Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Business. The Treasury segment includes the investment scenario and trading in the foreign exchange contracts and derivative contracts.

The wholesale banking focuses on the lending activities of the Corporate Accounts Group, Mid Corporate Accounts Group and Stress Assets Management Group.

The Retail Banking Management comprises of the National Banking Group, which focuses on the personal banking activities. It also involves in the lending activities of the corporate customers who have a healthy relationship with the branches of the National Banking Group.

The bank offers a wide range of products not only in India but also overseas. The State Bank of India will soon enter the Top 50 Global Banks with a balance sheet size of 33 trillion, 278,000 employees, 420 million customers and more than 24,000 branches and 59,000 ATMs.

The Bank ranks 232nd on the Fortune Global 500 list of the world’s biggest corporations 2016. According to the Forbes, the bank is the 10th most reputed company in the world. The SBI has 198 offices in 37 countries and 301 correspondents in 72 countries.

The bank has its branches in Colombo, Dhaka, Frankfurt, Hong Kong, London, Los Angeles, Sydney, Tokyo. The bank has their representative offices in Bhutan and Cape Town.

In the year 2001, the SBI Life Insurance Company was started by the Bank. These are the only bank that has been permitted to have 74% of stake in the Insurance Business.