How to link PAN with Aadhaar card: Country’s largest bank SBI has again warned its customers to link Aadhaar card and PAN. The deadline for linking Aadhar card and PAN is going to end on March 31. There are still lakhs of people who have not linked Aadhaar and PAN. Linking after the deadline is not only going to be difficult but due to this, a fine of up to 10 thousand rupees can also be imposed.
SBI tweeted, ‘We advise our customers to link PAN and Aadhar to avoid any hassle and continue to enjoy uninterrupted services.’ The bank also informed that customers whose PAN will not be linked with Aadhaar, their PAN will become invalid after the deadline. The bank said that it is mandatory to link Aadhaar with PAN.
PAN will become invalid if not linked
The bank said that the deadline for linking PAN cards and Aadhar cards is ending on March 31, 2022. For those who do not link Aadhaar and PAN before the expiry of the deadline, their PAN will become invalid with effect from April 1, 2022. Not only this, if you hand over the PAN card in any such work, which has become invalid, then you will have to pay a fine of 10 thousand rupees.
Money will be taken after April 1
Let us tell you that the PAN cardholders who do not link within the time limit due to any reason may have to face many other problems. At present, linking of Aadhaar and PAN is free. This will not happen after the deadline. Linking of PAN and Aadhaar will become chargeable after April 1, 2022. For this, you will have to pay a fee of Rs 1000.
Difficulty opening an account
If you invest money in the stock market or mutual fund, then link Aadhaar and PAN immediately. Without PAN, money cannot be invested in the stock market or mutual funds. If you do not link PAN with Aadhaar, it will become invalid. Apart from this, opening a bank account after April 1, 2022, will also become difficult for people who will not have PAN and Aadhaar linked.
TDS will be deducted thrice
In the case of non-linking of Aadhaar and PAN, you will also have to pay more TDS on every transaction. For example, if you are still withdrawing PF money, then a lot of TDS will be deducted if PAN is not linked. 10 percent TDS is deducted from account holders who have PAN linked, but more than three times TDS is collected from those who do not have PAN linked.
How to do Pan-Aadhaar Linking
- First of all, open the e-filing website of the Income Tax Department.
- On the homepage itself, you will see the link Aadhaar section.
- Click on this section to open it.
- Now enter your PAN number, Aadhar number, and your name.
- After that click on the option of Link Aadhaar.
