How to Link Pan card to SBI Account: Registering the PAN card number to your SBI account is crucial. The Pan Card is required nowadays. You have to pay the taxes twice in case you do not have the PAN card. It becomes important for you to have the PAN card if you are to deposit an amount larger than fifty thousand INR. The similarly applies to the business transactions & your salary.
How to Link Pan Card to SBI Account Procedure Step by Step:
There two Types of Procedures for Link Pan Card To Sbi Account
- Offline Procedure
- Online Procedure
1. Offline Procedure – How to Link Pan Card to SBI Account
1st Step: Visit your Nearest Bank Branch
2nd Step: Must and Should Take your Pan Card Xerox (along with Originals)/ photo copy
3rd Step: Take your Bank passbook with its photo copy to bank
4th Step: Written application to link PAN Card (Concern Branch Manager)
5th Step: They may also provide you the Written application form to seed PAN CARD With Your Branch
6th Step: Fill the form Correctly and Submit it to Bank of official
7th Step: The Bank Peoples may ask for the original document for verification purpose after verification he will return your Original documents to you.
8th Step: Bank Branch will provide you the lower portion of the application form to you
9th Step: The bank branch will verify Pan card linking to bank later Physically
10th Step: Once the Bank verification process is completed you will be notified through SMS or E-mail.
2. Online Procedure – How to Link Pan Card to SBI Account
1st Step: Login Your Online Banking Portal (for Example SBI www.onlinesbi.com )
2nd Step: Next Go to My Account Zone
By default, you will be reached on My Accounts tabs, from the left side menu click Link Your Pan Card.
3rd Step: Now, you will redirect to PAN registration page, where you have to select the account number & fill your PAN Number twice and click on submit button.
4th Step: Now you will receive OTP (One Time Password) by SMS on your registered mobile number.
5th Step: Enter this code in the next screen and click on submit.
6th Step: Now you see a success message and have to wait till bank approve it that’s it.
The taxes (TDS) cannot be taxed on you without the PAN. The bank will send you the certificate & will deduct 20% of tax instead of 10% making you pay twice for the taxes. In opening the account at a bank nearby or opening it online, one would be asked to fill in the PAN. if you do not need PAN you have to fill in form 60/61. You must have the PAN card to open the Demat account. It is available while buying shares that pass one lakh & when you buy the vehicle or sell the property. It further works as the proof of Identity by the photo of yours on it. You can apply for PAN card as the substantial identity proof whilst applying for telephone connection, passport, credit card & when you invest the money in assurances or mutual funds
Maybe, you already have the account in SBI & you might have received the PAN lately. In your case, you might not have connected your PAN card to the SBI account. Related to this there are examples of consumers who might have left out to the link PAN to their SBI account as of one or the other reason. Linking Pan Card to the online SBI a/c has to be done particularly if you are the taxpayer & it is important that you do it. The following step given below will help you to link PAN to the
How to record PAN in SBI account? It is not the online method.
For Register PAN number to the SBI account, you want to visit the branch of SBI where you keep the account.
Ask for the KYC form for refreshing the PAN Card. KYC has the abbreviated form of Know the Consumer. It is a method bank & other business organizations execute to establish the identity & the address of the consumer. It is often done by the banks when you open the account with them.
Fill the form & check completely for any errors.
While submitting the filled KYC form, you need to submit the following. They are the copy of the PAN card & the letter to the Branch manager querying to update the PAN in the account. You want to keep the original card with you because at the branch they can ask you to show it whilst you submit the documents required for updating your PAN in the SBI a/c.
Registering Pan Card to Online SBI Account
You can notice how much critical it is to have the PAN card & how significant that it must be connected to you SBI account. It has suggested that you quote you PAN in all the transactions, both bank, and business. Hence, save your money from dual taxation by linking Permanent Account & to the SBI account. It will not get very time for connecting the account to the PAN. Go to the next branch of SBI, fill in the KYC form, & submit the necessary documents to link the PAN to your SBI account. The bank will do it at the beginning.