Link your PAN with a bank account to prevalidate on the IT portal

March 30, 2023 Finance Talk Valli Sarvani No comments

In today’s digital age, it is essential to link your PAN card with your bank account. The government of India has made it mandatory for individuals to link their PAN cards with their bank accounts.

This measure aims to prevent tax evasion and ensure that transactions are traceable. However, many people are still unaware of how to link their PAN card with their bank account. In this article, you will know how to link your PAN card with your bank account.

Firstly, you need to log in to your net banking account using your login credentials. After logging in, you will find an option to link your PAN card with your bank account. Select this option and enter your PAN card details such as your name, date of birth, and PAN number.

Next, you will receive an OTP on your registered mobile number. Enter the OTP to verify your details. Once your details are verified, your PAN card will be linked to your bank account.

Alternatively, you can also visit your bank branch for this. Submit a form to link your PAN card with your bank account. You will need to provide your PAN card details along with a copy of your PAN card and bank passbook.

It is crucial to link your PAN card with your bank account as it will enable you to carry out various financial transactions seamlessly. It will also ensure that your transactions are transparent and that you do not fall prey to any fraudulent activities.

Linking your PAN card with your bank account is a simple process that can be done through net banking or by visiting your bank branch.

You will not be able to prevalidate your bank account if you do not link your PAN card with your bank account.

Also, it is a mandatory requirement by the government of India, and failure to comply with it can lead to penalties.

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