How to Link PAN with Bank Account Online in Detail: Permanent Account Number (PAN) is a unique ten-digit alphanumeric code that is issued by the Indian Income Tax Department to taxpayers in India. PAN is mandatory for filing tax returns and carrying out various financial transactions in India. On the other hand, linking your PAN with your bank account can help in faster processing of income tax refunds and other financial transactions.
In this article, we will discuss the steps involved in linking PAN with a bank account online.
Step 1: Visit the official website of your bank.
To link your PAN with your bank account online, you need to first visit the official website of your bank. You can do this by searching for the website on any search engine or by directly typing the website address.
Step 2: Login to your internet banking account.
Once you are on the official website of your bank, you need to login to your internet banking account using your username and password.
Step 3: Go to the ‘Profile’ section.
After logging in, navigate to the ‘Profile’ section of your internet banking account.
Step 4: Select ‘Link PAN’.
In the ‘Profile’ section, you will find an option to ‘Link PAN’. Click on that option.
Step 5: Enter your PAN details.
In the next step, you will be asked to enter your PAN details such as your PAN number, name as per PAN, date of birth, etc. Make sure that the details entered by you match with the ones on your PAN card.
Step 6: Submit the request.
After entering your PAN details, click on the ‘Submit’ button to submit the request.
Step 7: Wait for verification.
Once you have submitted the request, your bank will verify your PAN details. This process may take some time, and you will receive a notification from your bank once the verification is complete.
Step 8: Confirmation.
After the verification process is complete, you will receive a confirmation message from your bank stating that your PAN has been linked with your bank account.
It is important to note that the process of linking PAN with bank account online may differ slightly from bank to bank. Therefore, it is advisable to refer to the bank’s official website or contact their customer care for more details on the process.
In conclusion, linking your PAN with your bank account can be beneficial in terms of faster processing of income tax refunds and other financial transactions. The process of linking your PAN with your bank account online is simple and can be done in a few easy steps.