Govt Dismisses Claims Of RBI's New Mandate For Aadhaar-enabled Payment System

The digital world has made the lives of people quite convenient. But, the flip side of the coin is, that it also poses various challenges. Every day, many headlines make the rounds of the internet and go viral on social media, among them some are fake news. This misleads people and causes further worry among people. Similarly, recent news has surfaced and grabbed the attention of the internet after it claims that the Reserve Bank of India (RBI) has introduced new updates to Aadhaar banking. It also claims that now it is mandatory to transact money through Aadhar at least once a month, failing which the transactional facility will be locked through the customer’s Aadhar.

This claim has left many worried. Amid this, the Press Information Bureau (PIB), the press agency of the government of India has revealed the truth behind the viral claims. The agency has refuted these claims and called it fake news. It further urged people to not share or forward this message. As per PIB, the National Payments Corporation of India (NPCI) has not issued any such guidelines for compulsory Aadhaar Enabled Payment System (AEPS) transactions once a month.

The Central government has rejected the claims and also mentioned that the failure to do so will not lock the customer’s Aadhaa transaction facility as claimed by the fake news. Also, no circular was released regarding the mandate to link mobile numbers to bank accounts for Aadhaan Enabled Payment System (AEPS) transactions.

It shared a post on X (formerly known as Twitter) and wrote, “Claim: RBI has made new updates in Aadhaar banking, according to which now it is mandatory to transact money through Aadhaar at least once a month, failing which the customer’s facility to transact through Aadhaar will be locked. PIB Fact Check: This claim is fake, do not share such fake content.”

In another tweet, PIB wrote, “AePS: No guidelines have been issued for account holders to mandatorily do AEPS transactions every month to keep the services active. NPCI has not made it mandatory to link mobile numbers to bank accounts for AEPS transactions through any circular.”

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