Why is aadhar card importance

Monthly Budget. Cost of Living. How to plan your taxes. Lazy investor's guide to insurance. Lazy investor's guide to investment. Risk Tolerance. Creating a Robust Investment Portfolio. Home Financial Planning Tax Planning. As the tax planning season comes around, use your Aadhar Card to make life easier in the matters of taxation! Are you sick of hearing your colleagues moan about the dreaded year-end tax filing?

It only adds to your misery that you are heading in that direction too. But you can avoid all that stress. You can now use your Aadhaar Card to verify your income tax return. And that's just one of the benefits. There is more to this simple but significant document.

Here is how it makes your life easy: 1. Income tax: You can verify your filed returns through some simple steps online. You can now verify your income tax returns using an Aadhaar OTP and log in to your vault and review past returns using your Aadhaar number. Through it, you can directly approach the EPFO for a withdrawal. Receive government benefits directly: You can now obtain all government benefits directly to your bank account.

Be it gas subsidy or pension benefits, the process is easy and enables quick receipt. Advantage of digital locker: The government has initiated a Digi-locker system for individuals to store their personal documents. Voter card linkage: The Aadhaar card number is linked to voter ids to eliminate bogus voting.

This would make it impossible for multiple voter id holders to make use of multiple ids. Pensioner can continue to receive their pension without leaving home.

It is believed that the Aadhaar card will continue to gain prominence over the next few years, additionally the government is trying to link the system with multiple other systems and further enhance its significance.

Everyone in India and abroad was surprised by the government's announcement to replace existing currency notes of Rs. The act of paying out money for any kind of transaction is known as disbursement. From a lending perspective this usual implies the transfer of the loan amount to the borrower. It may cover paying to operate a business, dividend payments, cash outflow etc.

So if disbursements are more than revenues, then cash flow of an entity is negative, and may indicate possible insolvency. Subscribe to our newsletter and get exclusive deals you wont find anywhere else straight to your inbox!

Today, the entire world is facing a crisis in the form of Covid, and it is during these times that we all need to come together to support each other and to act responsibly.

In light of the recent nationwide lockdown, we at Hero FinCorp are providing a three months moratorium to our loan customers as per eligibility and guidelines issued by RBI. Please note, if you opt for the moratorium, interest will continue to accrue for the duration of the moratorium period at the currently running interest rate on your loan.

This additional interest will be collected from you by extending the original tenor of your loan. We will also share an updated loan repayment schedule which would include all relevant details. We urge customers to use this option only if absolutely necessary.

This facility has been especially designed for those customers whose cash flows have been severely affected and they do not have sufficient savings or other income sources which they could use for paying their EMIs. Procuring a passport is a time-consuming process as it has many steps to follow. It generally takes many weeks to finish all the required procedures and to get your passport. But with Aadhaar coming in, the procedure of getting a passport can be now accelerated.

If you wish to have a passport, you can apply online for the same by just attaching your Aadhaar Card as your identity and residence proof with your application and you need to attach any further proof in general. The government of India has introduced another digital means of having all the documents stored in an official server that belongs to the government and this is known as DigiLocker system. You can just sign-up for DigiLocker and link your digit Aadhaar card number with the same. As registering for Aadhaar needs a voter ID cardholder to be present in person and then furnish his or her Aadhaar card to the voting booth officer for linking purposes.

The purpose was to eliminate the need for a pensioner to be in person to get a pension for the continuance of their scheme. Now, pensioners need not come physically as their details are digitally stored and will be retrieved by the agency by way of their Aadhar Card numbers. The program offers substantial assistance to individuals staying in distant localities and rural parts to get the services offered by the banks.

One of the finest steps taken by the Government to control black money by making the linking of PAN cards with Aadhaar a mandatory process. Knowing the several importance, usages and advantages of aadhar card and its growing acceptance, it would be beneficial to have an Aadhaar to avail of the benefits.

Also, as a responsible citizen of India, let us aim to make this country a strong governing digitally advanced country by accepting and utilization of Aadhaar Card to the fullest extent. No, certainly not. Your bank information does not get shared by the bank with anybody.

No one can get any information about your bank account by just knowing your Aadhaar number. Also, those who do not have their registered mobile number can now place a request by way of their Non-Registered or any alternative Mobile Number.

Yes, you can. Presently, Aadhaar does not have the provision of an international or a non-Indian mobile number. Yes, it is mandatory. Section AA of the Income-tax Act, , introduced by the Finance Act, states that providing an Aadhaar or the Enrolment ID of the Aadhaar application form is mandatory for filing your income tax return. Policy cancellation and refund of the premium shall be as per the terms and conditions of the policy. The refunds are processed by the Insurance Company directly.

You are requested to contact the toll free number of your Insurance Company or refer the respective section of your Policy terms and conditions. You can also call us at our toll free number or write a mail to us at support turtlemint.

For escalations customer can write to us at po invictusinsure. Skip to content. Aadhaar Card and Benefits. What is an Aadhaar Card?

Uses of Aadhar card The Government of India sponsors many social welfare programs that are focused in the direction of serving the underprivileged and the most susceptible segments of society.

Uses of Aadhar card — For the Residents Aadhaar arrangement offers the sole source of both offline and online identity substantiation all over the country for its residents.