Can linking bank account with Aadhaar card cause you financial loss?

tech.hindustantimes.com:

Aadhaar card, which is issued by the Unique Identification Authority of India (UIDAI), contains a 12 digit random number and details of the holder. The Aadhaar number is required by the holder for almost every official and government related work. It can be noted that to enrol yourself for Aadhaar you will have to provide minimal demographic and biometric information and your personal details like name, address, mobile number, etc., during the enrolment process which is totally free of cost. Aadhaar card holders are also asked to link their bank account, PAN and other services with Aadhaar.

According to the Supreme Court judgment in the Aadhaar case (494 of 2012), residents are no longer required to mandatorily verify Bank accounts with Aadhaar. But, PAN-Aadhaar linking is mandatory. An Aadhaar card holder can voluntarily use his Aadhaar number in physical or electronic form by way of authentication or offline verification, or in such other form as may be specified by UIDAI. For availing subsidies, benefits, services beneficiaries are required to undergo mandatory Aadhaar authentication.

When you link your bank account, demat account, mutual fund account, PAN, etc., with Aadhaar, you secure yourself because no one can impersonate you to avail these services. However, due to an increase in online fraud, people do worry if linking their bank account, PAN, and other services with Aadhaar card make them vulnerable?

UIDAI has informed that linking your bank account, PAN, and other services with Aadhaar does not make you vulnerable. As your bank information is not shared by the bank with anyone else, no one can have information about your bank account just by knowing your Aadhaar number. Also, UIDAI or any entity for that matter