PAN card will become invalid after March 31, 2022 if it is not linked with Aadhaar. It is free to link them now, but after the deadline, you will have to pay for it. Not only this, but a fine of up to 10 thousand rupees may also have to be paid.
How to link PAN with Aadhaar card: The 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 penalty of up to 10 thousand rupees can also be imposed.
SBI tweeted, ‘We advise our customers to link PAN and Aadhaar to avoid any hassle and continue to enjoy uninterrupted services.’ The bank also told that the 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.
We advise our customers to link their PAN with Aadhaar to avoid any inconvenience and continue enjoying a seamless banking service.
We advise our customers to link their PAN with Aadhaar to avoid any inconvenience and continue enjoying a seamless banking service.#ImportantNotice #AadhaarLinking #Pancard #AadhaarCard #AmritMahotsav #AzadiKaAmritMahotsavWithSBI pic.twitter.com/Qp9ZBqG4Xh
— State Bank of India (@TheOfficialSBI) February 18, 2022
PAN will be invalid if not linked
The bank said that the deadline for linking PAN card and Aadhar card is ending on March 31, 2022. Those who do not link Aadhaar and PAN before the end of the deadline, their PAN will be invalid from April 1, 2022. Not only this, if you hand over such a PAN card in any work, which has been invalid, then you will have to pay a fine of 10 thousand rupees.
Money will be charged after April 1
Let us tell you that the PAN card holders who do not link within the deadline for 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 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, after April 1, 2022, it will also become difficult for such people to open a bank account, whose PAN and Aadhaar will not be linked.
TDS will be deducted three times
In 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.
