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RuleMate India

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SHORT ANSWER: Aadhaar seeding in banks refers to linking an individual's Aadhaar number with their bank account. DETAILS: - It helps in verifying the identity of the account holder. - It is mandatory for certain banking services and government schemes. - It enhances security and reduces fraud. PUNISHMENT / IMPLICATIONS (if applicable): - Failure to seed Aadhaar may lead to the freezing of bank accounts or denial of services. SOURCE: - Aadhaar Act, 2016 / Reserve Bank of India (RBI) Guidelines
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