The deadline for linking the permanent account number (PAN) to the Aadhaar card has recently been extended by the government until September 30, 2021. You potentially experience difficulties with banking services and some financial transactions if your Aadhaar card and number permanent account (PAN) card are not linked. According to article 41 of article 139AA of the Income Tax Law, if the PAN card and the Aadhaar card are not linked by the deadline at the latest, the PAN card will become invalid or “inoperative” .
To minimize any problems, banks have started asking customers to link their PAN and Aadhaar numbers as soon as possible. If a person does not do the same, he will be liable to a penalty of up to Rs 1,000. Regarding the same, the largest commercial bank in the country State Bank of India (SBI) today issued an alert important to its customers. SBI via its Twitter account alerts its clients that “We advise our clients to link their PAN with Aadhaar to avoid any inconvenience and continue to enjoy flawless banking service.”
We advise our clients to link their PAN to Aadhaar to avoid any inconvenience and continue to enjoy flawless banking service.#Important Notice #AadhaarLink #Pancard #AadhaarCard pic.twitter.com/p4FQJaqOf7
– State Bank of India (@TheOfficialSBI) July 16, 2021
For a major update for clients, SBI further added that “If not bound, PAN will be rendered inoperative / inactive and cannot be cited to perform specified transactions”. To minimize the same SBI, customers can link their PAN with the Aadhaar number by visiting www. Incometax.gov.in and click on the “Link Aadhaar” thumbnail, according to SBI. The bank also clarified that “the last date is September 30, 2021. Match it soon to avoid any inconvenience.”
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