How to Link PAN With Axis Bank Account

how to link pan with axis bank account

Known to every tax payer, it is mandatory to link Pan Card with an Axis Bank account or any other bank account announced by the Income Tax Department. As this government document is the minimum requirement that is issued by the Central Board of Direct Taxes.

There have been other financial concerns as well that get tackled by the government and require a Pan Card as identity proof. Here, we will discuss the steps to link Pan with the Axis bank account. If you are one such customer who is confused about how to link a pan with an axis bank account, this piece is dedicated to you.

There are different modes which can resolve your concerns regarding how to link Pan to an Axis Bank account online or offline. Some extended methods can also open the door for you to make your job easy. Let us learn what is inside the bucket that can facilitate the taxpayers hustle-free to link pan with Axis Bank account.

There is a remote method through which one can link a pan with an axis bank account in no major time. What exactly is the process to avail of the services, learn now:

  • Go to the official website of the Axis Bank account.
  • For first-time users, sign in to the Axis Bank internet banking account.
  • Fill in the Axis Bank credentials, such as the Internet Banking Customer ID, followed by the password to complete the login process.
  • In the home page, tap on the button ‘Request’ present on the left-hand side of the screen.
  • Then, click on the button ‘Add/ Update Pan number’ in the drop-down menu inside the category of the ‘Request’ tab.
  • Finally, the time to fill in the PAN card number will arrive in a dialogue box.
  • Tap on the ‘continue’ button to proceed.
  • There will be a confirmation message sent to the applicant’s email address and the linked mobile number upon successful submission.
  • Also, the final updated report will be known to the applicant by the bank in the same process after the duty to link the pan card with the Axis bank account is achieved.

Linking PAN Card with Axis Bank Account via Offline

This is a method offered to those who will be using no technical method and will simply take a quick non-internet step to link their pan with axis bank account:

  • Pay a visit to the Axis Bank to maintain your bank account.
  • Request an update form for your PAN card number.
  • Complete the form with the necessary information. Make sure to enter the proper information.
  • Send the form to the bank representatives. If necessary, the officials may want to examine your PAN card.
  • When your PAN card is linked to your account, the bank will send you an update.

Note: Whether the customer updated their PAN online or offline, the PAN number is typically updated within a week, and a confirmation is issued to them. It’s vital to remember that only individuals can link their PAN card to their Axis Bank account online. Organisations, businesses, HUFs, associations, and others.

Learn the easy steps towards an easy life by linking your pan with your Axis bank account using the mobile app:

The first step is to download the Axis Bank Mobile App available in the play store or apple store.

  • Login to the application to link pan with an axis bank account in no time.
  • Select the “Link Pan card” option available in the account section.
  • Enter the details of your pan and make sure to enter the linked mobile number.
  • Thereafter, enter the OTP sent on your registered mobile number.
  • The final step will be receiving a confirmation message on your mobile number on the linkage of the pan with the bank account.

The next way to switch if other methods are not your type is to call the executive of Axis Bank by its customer care number.

  • Call your bank’s toll-free customer service number. It is available on the bank’s passbook, chequebook, brochures, and other paperwork.
  • Make a connection with the PAN card customer service representative by using the IVR choices.
  • You should let the executive know you want to link your PAN to your account.
  • To confirm your credentials, many questions, like your account number, address, debit card number, etc., will be requested of you.
  • Tell the executive your PAN and check whether he marked the right PAN.
  • Once registered, it will take the bank an additional two days to process your request and link your PAN to the bank account.

Reach out to the executives to link pan with the Axis bank account by sending them a short format of the message in an SMS.

Try out the SMS format, which is “ PAN < Customer ID >” and send it to 5676782. This is a toll-free number with instant acknowledgement by the authorities to link a pan card with an Axis bank account.

Let us introduce you to the best things possible in your financial terms if you choose to answer how to link PAN to Aadhaar card one by one:

Easy Applying of Loans

Digital loan applications can be made online with little to no documentation to get instant loans like 24×7 Loans. But Sujata won’t be able to do this without connecting her PAN and Aadhaar. If this were to occur, she would be unable to apply for an instant, digital 24×7 Loan if she needed money. She might require cash for some last-minute shopping or home maintenance with the holiday season just around the bend.

Quick Payments

Payments: If Sujata does not link her PAN with her Aadhaar, payments of more than Rs 50,000 made in cash at a hotel or restaurant at once or for international travel may be impacted. She might also not be permitted to purchase or sell automobiles other than two-wheelers.

Starting a Fresh Second Account

Applicants might be unable to complete their e-KYC (electronic Know Your Customer) when opening a bank account. This could indicate that it will be difficult for financial organisations to locate their information and bank accounts. This also applies to video-KYC, which will have various effects on them. You can open a bank account today without going to a bank branch or having a relationship manager come to your house.

What if PAN is not Linked to your Axis Bank Account?

The customer is likely to run into several problems with her banking and financial transactions if they don’t connect the two.

  • If PAN and Aadhaar are not linked, TDS (tax deducted at source), which is now 10%, will increase to 20%.
  • Additionally, when a PAN ceases to function, it will be presumed that it was not provided or quoted in accordance with the law, and a penalty of Rs 10,000 may be imposed in accordance with section 272B of the Income Tax Act.
  • Furthermore, in accordance with section 234H, a person who is obligated to disclose his Aadhaar number pursuant to subsection (2) of section 139AA does not do so on or before the date that may be determined and is subject to paying a fee of Rs.1000.

End Thoughts

We have covered all the possible ways to link a pan with an Axis bank account. A similar approach can also be utilised to connect other bank accounts also with the pan card. But here, the concern associated with the Axis bank customers, the benefits and drawbacks have also been discussed to provide better information. Hopefully, the information will make your way simpler to fulfill the objective. Happy Transacting Customers!

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Frequently Asked Questions (FAQs)

Is It Important to Link PAN with the Axis Bank Account?

As announced by the Income Tax Department, every customer has to link the pan with an Axis bank account or any other financial institution for centralised record maintenance and tax-paying activities.

What is The Offline Method to Link a PAN Card with an Axis Bank Account?

In an offline mode, customers can link pan with Axis bank account using the customer care number that can be connected on a call or by sending a determined SMS as per the formatting of the bank.

How Long Does it Take to link PAN with an Axis Bank Account?

It does take a few hours or 2-3 working days maximum to link the pan card with the Axis bank account.

Can linking a PAN with an Axis Bank Account Require Matching of Informations?

While linking the pan card to the Axis bank account, the customer needs to give the reliable informations present in the branch already for authentic processing.

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