Aadhaar is a 12-digit unique identity number that can be obtained voluntarily by residents of India, based on their biometric and demographic data. The data is collected by the Unique Identification Authority of India (UIDAI), a statutory authority established in January 2009 by the government of India, under the jurisdiction of the Ministry of Electronics and Information Technology, following the provisions of the Aadhaar (Targeted Delivery of Financial and other Subsidies, benefits and services) Act, 2016.
Now, this Aadhaar seems going to be one big hell fine for the people in the coming days. Government is gearing up to make a rule by which wrongly quoting your Aadhaar can fine you a whopping of Rs 10000. This is because the government is trying to interchange PAN (Permanent Account Number) card to Aadhaar for all the basic and high-value transactions like buying a home, car, shares or any other. Minister of Finance said there 1.2 billion in India who hold Aadhaar card whereas, there are only 220 million people who have the PAN. In order to make ease in transactions and tracking purpose, the government is making an initiative to interchange Aadhaar with PAN. If any individual makes the wrong quote of his/her Aadhaar, it will attract a fine of 10k. This rule is expected to come in power from September 1, 2019. On speaking to this an official says. “It is also proposed that before passing a penalty order, a person shall be heard,” the official added.