E-Paper
SBI urges customers to link PAN-Aadhaar for seamless banking services
Last month, the central government extended the deadline to link the two documents by three months to September 30.
The State Bank of India (SBI) has urged its customers to mandatorily link their permanent account number (PAN) with Aadhaar cards to avoid any inconvenience and to continue enjoying seamless banking services.
SBI, the country's largest bank, further warned its account holders that if the two documents are not linked, the PAN will be rendered inoperative/inactive and cannot be quoted for conducting specified transactions.
PAN-Aadhaar linking
Last month, the Union government extended the deadline to link PAN with Aadhaar to September 30 in view of the coronavirus pandemic. The deadline was earlier set as March 31 but was later revised to June 30.
Also Read | Govt extends last date for Aadhaar-PAN linking: Here is how to do it
What if PAN-Aadhaar are not linked?
The PAN will become inactive and, to reactivate it, late fees of ₹1,000 will have to be paid. A penalty of ₹10,000 may also be imposed on the defaulters under section 272B of the Income Tax Act.
How to link PAN-Aadhaar card?
The two documents can be linked either via SMS or on the website of the Income Tax department.
For linking via SMS, type UIDPAN<space><12-digit Aadhaar number><space><10-digit PAN> and send it to 567678 or 56161. Once the message is sent to either of the two numbers, PAN will be linked to Aadhaar card.
For linking through the website, go to incometaxindiaefiling.gov.in and click on "Link Aadhaar" under "Our Services" tab. Next, enter details like PAN, Aadhaar number, name as per Aadhaar and mobile number and click on "Link Aadhaar". The two documents will then be linked.
What are PAN and Aadhaar?
PAN is a 12-digit alphanumeric code allotted by the Income Tax department. It is used for finance-related work. Aadhaar, on the other hand, is a 12-digit "unique identity" number issued by the Unique Identification Authority of India (UIDAI). It is one of the most significant identification documents for Indian nationals.
