How to Link PAN Card with Bank Account Number: Step By Step Process

The PAN card is crucial for your income tax purposes and you must link it with your bank account to receive tax refunds after you have filed your ITR. It also helps with settling large fund transfers, prevents fraud and so on.

You can link your bank account and PAN, either online or offline, by following a few simple steps. Read this blog and learn how to link PAN card with bank account.

Quick Summary

• Linking your PAN and bank account helps with tax refunds, bank transactions and more.
• You can apply for linking PAN and bank account both online and offline.
• Steer clear of making mistakes while filling out the KYC form to avoid delays or failure.

How to Link PAN Card with Bank Account Online?

As you are wondering how to link bank account to PAN card, you can follow either of the following options:

Link Your PAN and Bank Account Using Mobile Banking

You can complete linking your PAN and bank account from the official app of your bank:

Step 1: Look for the mobile banking application on your device’s application store. Download the app, install it and open it.

Step 2: Provide your customer ID, password and log in.

Step 3: Look for the KYC or PAN linkage section and select it. 

Step 4: Provide your PAN information, follow the in-app instructions and submit to complete linking.

Attach Your PAN and Bank Account via Net Banking

Learn how to link PAN card with bank account via net banking in simple steps: 

Step 1: Head to the official net banking portal of your bank and login.

Step 2: Navigate the options on the page and select the KYC section or PAN linking option. 

Step 3: Produce your PAN details and fill out other mandatory fields.

Step 4: Follow the on-screen instructions and submit your application. 

Link PAN Card with Bank Account Number Offline

You can link your PAN card with bank account number offline by contacting the customer assistance center or visiting the home branch of your bank. Here are complete details for the same:

Contact the Customer Assistance Portal of Your Bank

Call the customer support of your bank to link your PAN and bank account and provide the necessary information. Your bank will process your request within 2 days.

Visit the Home Branch of Your Bank

Visit your bank and fill out a KYC form with PAN and other details and submit it. Your bank will verify and process your request within a few days.

Use an ATM to Link Your PAN and Bank Account

Visit the ATM of your bank and insert your card to access your account. Locate the option to link or update PAN details, provide the number and submit.

Why Is It Important to Link Your PAN Card and Bank Account?

Now that you know how to link PAN card with bank account, you should also know the importance of doing so:

• Tax Compliance: As the IT department mandates this linking, tax settlements, refunds, transaction settlements, etc., become easier and help you to remain tax compliant. 
• Identity Verification: When you link your PAN card and bank account, you complete a KYC process mandated by banks. It proves that you are a legitimate account holder of a bank account and helps prevent duplicate account creation, fraud, etc.
• Governmental Schemes: The Indian government launches various schemes to help you financially. Such government schemes need your PAN and bank account to be linked to provide you with benefits.

Issues You Might Face While Linking Pan and Bank Account and Their Solution

Take a look at the following issues that occur generally while linking your PAN with bank account: 

• Incorrect PAN number: When filling out a KYC form, a wrong PAN number might lead to linkage failure. Take your time and provide your PAN correctly for a smooth process.
• Mistakes in Personal Details: Spelling mistakes with respect to your name in a KYC form also lead to KYC failure. Double-check your first, last and middle name before submitting. 
• Invalid PAN: If you applied for changes in PAN details and it has not been updated with the Income Tax department, it can cause the linkage failure. Log in to the e-filing portal of the department and check your PAN update status before applying.

Final Word

Learning how to link PAN card with bank account is important for you, not only because it is mandatory, but it makes tax-related and banking activities seamless. You can enjoy subsidiary benefits from the Indian government after linking your PAN and bank account.