The Government of India has initiated the Direct Benefit Transfer (DBT) scheme to ensure that subsidies for various government schemes, including LPG (cooking gas), are credited directly into the bank accounts of beneficiaries. To receive these benefits, it is essential to link your Aadhaar number to your bank account.
How to Link Your Aadhaar with Your Account at Universal Co-Operative Urban Bank Ltd.
Universal Co-Operative Urban Bank Ltd. is committed to facilitating the seamless transfer of government subsidies to its customers. The process to link your Aadhaar number to your bank account is simple and can be done by visiting your nearest branch.
Procedure for Aadhar Seeding:
- Visit the Branch: Go to your Universal Co-Operative Urban Bank Ltd. branch where you have your account.
- Fill the Application Form: Obtain and fill out the Aadhaar Seeding application form. This form is designed to capture your consent for linking your Aadhaar with your bank account for receiving Direct Benefit Transfers.
- Provide Documents: Submit a self-attested photocopy of your Aadhaar card along with the duly filled application form.
- Verification: The bank officials will verify the details and may ask to see your original Aadhaar card for verification purposes.
- Confirmation: Once your Aadhaar number is successfully linked to your account and seeded with the NPCI (National Payments Corporation of India) mapper, you will receive a confirmation message on your registered mobile number.
Benefits of Linking Aadhaar:
- Direct and Timely Transfer: Receive government subsidies, such as the LPG subsidy, directly into your bank account without any intermediaries.
- Transparency: The DBT system ensures transparency and helps in identifying and eliminating duplicate beneficiaries.
- Access to Other Schemes: This linkage also enables you to receive benefits from other government schemes like scholarships, pensions, and various welfare programs.
Important Points:
- It is mandatory to link your bank account with Aadhaar to receive government subsidies under the DBT scheme.
- The bank will update your details with the NPCI mapper, which is the central repository for routing DBT payments.
- If you have an account in another bank already seeded with Aadhaar for DBT, you can choose to change the mapping to your account at Universal Co-Operative Urban Bank Ltd. by providing a request in the application form.
For any assistance or to start the process, please visit your nearest branch of Universal Co-Operative Urban Bank Ltd.
