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Supreme court has mentioned that Aadhaar is not required. Why is ICICI Bank asking to update the Aadhaar details?

Supreme court has extended the Aadhaar linking deadline to March 31, 2018. However, an existing Aadhaar holder will have to furnish his/ her Aadhaar card to open a new bank account.

As per the latest Prevention of Money Laundering Act (PMLA) notifications, customers are required to update the Aadhaar number for all their accounts. To facilitate the updation, we have enabled all our channels for customers to update their Aadhaar number. In case you do not have the Aadhaar number currently, you can select remind me later and proceed. However, we would request you to get your Aadhaar number created as the same is required to be updated before March 31, 2018.

Further, the Reserve Bank clarifies in it’s press release dated October 21, 2017 that, in applicable cases, linkage of Aadhaar number to bank account is mandatory under the Prevention of Money-Laundering (Maintenance of Records) Second Amendment Rules, 2017 published in the Official Gazette on June 1, 2017.