InvestorQ : Why should I link my PAN with my bank account?
Tanya Mehta made post

Why should I link my PAN with my bank account?

Answer
image
Shreya Karn answered.
1 year ago
Follow

It is highly likely that you would have already given your PAN details when you opened your bank account, but if not, you must do it immediately. This is because the Income Tax Department has now made it mandatory to link one’s bank account with his/her PAN card in order to receive the income tax refunds.

In a statement, the Income Tax Department said that it doesn’t matter what kind of a bank account one has- savings, current or overdraft, but the account must be linked with PAN in order to receive e-refunds.

6 Views