Aadhaar is not a mandatory requirement for opening bank accounts

July 4, 2025

Mumbai: Bombay high court has directed Yes Bank Ltd to pay Rs 50,000 in compensation to a private company for delay in opening its bank account after Supreme Court’s Sept 2018 judgment that Aadhaar is not a mandatory requirement for opening bank accounts.

http://timesofindia.indiatimes.com/articleshow/122189226.cms

Rs 50k Fine/damages/compensation awarded by Bombay High against a famous bank for insisting on Aadhaar. I'm Advocate in petition.
Pls note: banks, mobile operators, schools, colleges, pvt company cannot ask for Aadhaar in lieu of section 57 Aadhaar Act being struck down.Else… pic.twitter.com/1xtKiVmty5
— Adv. Bhasin -Law, Corruption, Police Reforms (@Bombay_Lawyers) June 30, 2025

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