Pan Card Necessary For Opening Account
PAN card is now mandatory to open an account in any bank. A very important notification has been issued by the Income Tax Department, in which it has been clearly mentioned that to open an account in any bank, you will have to give PAN card.
Along with that, there are two more points in that notification, basically what used to happen till now, many people open accounts without PAN card and used to do transactions in small amounts inside that account, such as without PAN card.
For example, without opening an account without a PAN card, you cannot get a cash deposit of more than 50,000, so what many people used to do by keeping the limit within 50- 50,000 within a month, many times cash deposit within a year Used to do it too. Even when he used to do cash withdrawal, he had no restriction.
Till now there was no such rule, so now the Income Tax Department has brought a new rule in it. Pan Card Necessary For Opening Account
That is, if you have all the bank accounts inside any bank account, you have accounts inside the post office, you can deposit cash up to ₹ 20 lakhs within a financial year by adding the total inside them.
That is, between April 1 and March 31, you can deposit cash up to ₹ 20 lakh inside your total bank account.
If the PAN card is not linked in your bank account or you have not got the PAN card made. (( aPPLY FOR NEW PAN CARD ))
Second Rule (Pan Card Necessary For Opening Account)
along with that the other rule that has come is that of cash withdrawal i.e what you used to do till now. You can withdraw any amount of cash from your bank account. There was no limit on it. Pan Card Necessary For Opening Account
If you used to make cash withdrawals more than a certain limit, then TDS was applicable on it. But till now there was no such limit that you can withdraw only this much money.
Now a limit has come on this too. That is, if you do not have a PAN card in your bank account, then you can withdraw only ₹ 20 lakh within one year.
There is talk of withdrawing cash from your bank account. You can take them out together or take them out separately. You can withdraw only ₹ 20 lakh in the middle of a financial year Without a PAN card if you have given a PAN card, then you have money, you have a bank account, you can withdraw any amount of cash you want, but TDS has a different rule on it.
The third important rule that has come is that you cannot open a current account inside any bank or anywhere in the post office without a PAN card, if you want to open a current account, then giving you a PAN card will be compulsory.
Till now there was no such rule. Wherever you go to the bank, you are basically asked for an Aadhar card and PAN card but till now there was no such rule that you have to give PAN card. Pan Card Necessary For Opening Account
If you go to open a minor account or a child’s account, if you do not have a PAN card, then the bank opens the account and you go to a bank and ask there too if we do not have a PAN card, then your account used to be opened. But now it has become compulsory to give PAN card to open a current account.
So these were the three rules which were just changed by the Basic Income Tax Department.
The first rule is that the limit for cash deposit is ₹ 20 lakh without a PAN card,
the limit for cash withdrawal is ₹ 20 lakh without giving a PAN card and if you want to open a current account in any bank, then it will be compulsory to give a PAN card for that. Pan Card Necessary For Opening Account
How To Check My Pan Card ?
Check Pan Card here & fill all details
How To take a pan card
by filling some important information, you can take pan card
How I get pan card by using an Aadhar card?
PAN applicants who have an Aadhaar number from UIDAI and have linked their mobile number with Aadhaar can apply for instant e-PAN
What Is My PAN Number?
PAN Or Permanent Account Number Is A Unique Identifier Comprising 10 Alpha-Numeric Characters Issued By The Income Tax Department.
How to download online E-pan card
This facility is available for PAN holders whose latest application was processed through NSDL e-Gov.
Step 1. Click on ‘Download e-PAN card
Step 2. Following details are required to be provided– PAN; The month of Birth and Year of Birth; …& Click ‘Submit’.
Step 3. On clicking ‘Submit’ an e-PAN card can be downloaded.
Can I apply for PAN Card without Aadhar Card?
Aadhaar would be considered as a supporting document
Documents Required For Pan Card
1. Voter’s ID card.
2. Aadhar Card.
3. Ration Card Having Applicant’s Photo.
5. Driving License.
6. Photo ID card which are issued by the central government, state government or any undertaking of public sector
Is a photo required for a PAN card?
Yes, a photo is required for a PAN card
What Size of photo need in the pan card
The PAN card photo size should be 3.5 cm x 2.5 cm or 132.28 pixels x 94.49 pixels.
Can I change my signature?
Yes, you can change your signature by filling the form.
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