PAN card mandatory for all bank accounts
Posted on: 09/Jan/2017 11:58:53 AM
The Income tax department has ordered all the banks to collect the PAN card details from all its customers who are having savings account.
Income-tax Rules have been amended to provide that bank shall obtain and link PAN or Form No. 60 (where PAN is not available) in all existing bank accounts (other than BSBDA) before February 28, 2017, if not already done. The persons who are having bank accounts but have not submitted PAN or Form No 60 are advised to submit the PAN or Form No 60 to the bank before February 28, 2017
