How To Link PAN Pard With Bank Account Offline & Online?

Check if your PAN is already linked to the bank account

Are you also in doubt whether your PAN card and bank account details are already linked or not? Well in this case you can check the status by simply logging onto the e-filling website of the Income Tax department.

To check if your PAN is linked to your bank account, you can follow these steps:

1. Log in to the e-Filing portal: Visit the Income Tax Department's e-Filing portal and log in using your user ID and password.
2. Go to My Profile: From the Dashboard, navigate to the 'My Profile' section.
3. Check My Bank Account: Click on 'My Bank Account' to see the list of bank accounts linked to your PAN.

Alternatively, you can also check through your bank's net banking portal or mobile banking app. Look for the PAN linking or KYC section and verify if your PAN is linked.

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Why it is important to link your PAN with Bank?

Linking your Permanent Account Number (PAN) with your bank account is crucial for several reasons:

• Tax Compliance and Refunds: It ensures that your tax records are accurately maintained and helps in the seamless processing of your Income Tax Returns. The Income Tax Department can directly deposit tax refunds into your linked bank account.
• Preventing Tax Evasion: Linking PAN with your bank account helps in preventing tax evasion by ensuring transparency in financial transactions.
• High-Value Transactions: It is mandatory for several high-value transactions, like large deposits or withdrawals, mutual fund investments, and property transactions.
• Ease of Monitoring: It simplifies monitoring and auditing of large-scale monetary transactions, ensuring compliance with regulatory requirements.
• Government Benefits: It aids in receiving government subsidies and welfare benefits directly into your bank account.

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How to link PAN with your bank account?

If your PAN is not linked to your bank account yet, you still have time to do so. There are different options available using which you can easily link PAN with your bank accounts. The various modes thorugh which you can do the linking are:

• Link via the offline mode
• Link via mobile
• Or, Link via Internet banking

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Link via Internet Banking

If you are an active Internet banking user, then linking your bank account via this mode will come in handy. Follow the steps mentioned below to link your PAN with your bank account:

• Open the internet banking portal of your bank.
• Log in using your Net banking account credentials.
• After logging in, select 'PAN card updation' option available under 'Service Requests'. You can usually find ‘Service Requests’ tab on the left side of your window.
• Under ‘PAN card updation’, enter your PAN number, your date of birth mentioned on the PAN card and your registered email address.
• Submit all the information and your PAN will be linked to your bank account.

It is imperative that you link your PAN to your bank account since refunds will be handed out only via e-mode. And if your account is not linked to your PAN, you won’t be able to receive refunds. You can choose any of the options mentioned above and complete the linking process. Avoid surpassing the deadline and link PAN to your bank account now.

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Link via the offline mode

If you are not so much comfortable using the internet, then fret not!! You can link your bank account to your PAN by visiting the bank also. Follow the steps mentioned below to initiate the linking:

1. Visit the branch where you have your bank account.
2. Once you have reached your bank, ask for a 'PAN card updation form'. Fill the form and avoid making mistakes.
3. Once filled, submit the form along with the documents mentioned below:
   1. A letter regarding the updation of PAN addressed to the Branch Manager
   2. Your duly filled ‘PAN updation KYC form’
   3. And a self-attested copy of your PAN card
4. After all the documents are submitted and checked, PAN will be linked to your bank account.
5. The linking through this mode usually takes around 48 hours.

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Link via Mobile

You can also link your bank account to your PAN by using the registered mobile number. For this, it is necessary that you know the customer care number of your bank. Follow the steps mentioned below to undertake the linking process:

• Call the customer care number/toll-free number of your bank. The number can be retrieved either via the official website of the bank or via the advertisements that the banks put up.
• While on call, you will go through an ‘Interactive Voice Response’ (IVR).
• Once you are done through IVR selection, you will be connected to a customer care executive.
• Tell the executive that you wish to link your PAN with your bank account.
• The executive will ask you several questions related to your bank account, your address, mobile number, and questions about your ATM etc. Answer all of them correctly as questioning is mandatory to establish credibility and to make sure it’s actually you and not somebody else in your disguise.
• Once the verification process is complete, share your PAN card details.
• Once the bank has all the information, your PAN will be linked to your bank account within 2 working days.

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Why Do You Need a Tax Consultant?

1. Tax Planning and Strategy
2. Specialized Tax Advice
3. Ensuring Compliance
4. Helps you reply to Income Tax Notices
5. Preparing and Filing Tax Returns

Need tax help? Book your Tax Consultation Now!

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