Push Rupay as first option, seed accounts with Aadhaar by Dec: FM to banks

Retired bank employees should not be forgotten; bankers should be a cohesive family such as in defence, says Sitharaman

Finance Minister Nirmala Sitharaman told bankers on Tuesday to only issue RuPay cards as the first option to customers, and also to seed all bank accounts with Aadhaar number and, wherever necessary, with PAN (permanent account number) by December this year.

“Whoever needs a card, RuPay will be the only card you would promote and I would not think it is necessary today in India when RuPay is becoming global, for Indians to be given any other card first than RuPay,” Sitharaman said in her address as the chief guest at the 73rd annual general meeting of the Indian