Tuesday, 7 September 2021

Link your Aadhaar with PAN by Sep 30, 2021

 
 
Dear Saurabh Kumar,

This is with reference to your account(s) held with ICICI Bank Limited (“ICICI Bank”). As per Section 139AA of the Income Tax Act (“Act”), 1961 and in accordance with the guidelines dated Jun 27, 2017 and Mar 31, 2021 (“Guidelines”) issued by the Central Board of Direct Taxes, it is mandatory to link your Permanent Account Number (“PAN”) with your Aadhaar number. The last date to link the same is Sep 30, 2021.

As per the information received from National Securities Depository Limited (NSDL) by ICICI Bank, your Aadhaar number and PAN are not linked as on June 15, 2021. As per the Guidelines and Act, if not linked by Sep 30, 2021, the PAN provided by you will become inoperative. Failure to link the same will also attract a higher Tax Deducted at Source (TDS) rate on the interest earned and might also impact certain bank transactions, where the PAN is considered. TDS once deducted, cannot be refunded by the Bank under any circumstances.

Also, Form 15G/ H exemption submitted for the current financial year shall be revoked and a fresh Form 15G/ H shall have to be submitted, post completion of the PAN ‐ Aadhaar Linkage.
 
Click here to check the status of the linkage of your PAN with Aadhaar.
 
In order to avoid the consequences mentioned above, please link your PAN to your Aadhaar before Sep 30, 2021 in accordance with the Guidelines, by following one of the 3 easy ways suggested by the Government:
 
Tax website
Visit www.incometaxindiaefiling.gov.in and click on ‘Link Aadhaar’.
SMS
Send UID PAN → Space → 12‐digit Aadhaar → Space → 10‐digit PAN to 567678 or 56161.
For example: UIDPAN 123456789123 AAAPA1234P.
PAN Service Centre
Visit the designated service center of PAN service providers like NSDL / UTIITSL (Go to PAN Card services and select PAN application centers.)
 
Click here to know more on how to link PAN with Aadhaar.
 
Please ignore if already linked.
 
Sincerely,
ICICI Bank Ltd.
 
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