हिंदी में पढ़े
The Government has made it mandatory for all account holders to get their PAN linked with the savings accounts. There are multiple ways in which Canara Bank account holders can link PAN card with their bank accounts, that is, online, offline by visiting their home branch or via SMS. Read on to know more about the step-by-step process to do so, along with the PAN-bank account linking charges, importance of linking PAN with your savings accounts and more.
Steps to Link PAN Card with Canara Bank Savings Account Online
There are two ways to link Canara Bank savings accounts with PAN online. Let us find out how:
Linking PAN with Savings Account via Canara Bank Website
To add/update your PAN card details with Canara Bank savings account via the Canara Bank website, follow the steps given below:
- Visit the Canara Bank website and login to netbanking using your User ID and password.
- Click on the Hamburger icon to go to the main menu and select “Services”.
- Click on “Update PAN” listed under the Services
- Enter your 10-digit PAN number and Verify it to successfully update your PAN.
Steps to Link PAN Card to Savings Account through Email
To add/update your PAN card with Canara Bank savings account via email, simply type REKYC<space>Customer ID as subject and send it to rekyc@canarabank.com from your registered email id. Also, attach your PAN card with the mail.
This process is beneficial especially for those who have linked incorrect PAN card with the savings account. Accountholders can link correct PAN card with Canara Bank savings account easily through this method.
Get FREE Credit Report from Multiple Credit Bureaus Check Now
How to Link PAN Card with Canara Bank Savings Account Offline
PAN can also be linked with the Canara Bank Account offline by visiting the branch directly. All you need is to follow the below-mentioned steps:
- Visit the Canara Bank branch where you have maintained your account
- Ask for PAN update form (KYC) and fill up the details required without making any mistakes or overwriting
- After filling up the details, submit the form to the bank officials along with a self-attested copy of your PAN card and a letter addressed to the branch manager regarding the update of PAN details
- You will receive an update via message/email once your PAN is linked with the bank account after verification. Bank officials usually take around 15-20 minutes to update your PAN.
Account-holders not having PAN card need to fill up the Form 60/61 and submit it. They should also state the reason for not getting the PAN card issued until now.
How to Link PAN Card with Canara Bank Savings Account through SMS
To link your PAN card to your Canara Bank savings account, simply send REKYC<space>Customer ID and send it to 56161 from your registered mobile number. For instance, if your customer id is 1234567 then type- REKYC 1234567 and send this to 56161.
Why is it Required to Link PAN Card with Canara Bank Savings Account
The government has made PAN a mandatory requirement to open a bank account. Even existing account holders who had not linked their banks accounts with PAN are required to do so at the earliest for their accounts to remain operational. Apart from this, there are several other reasons why you must link your PAN card with your Canara Bank savings account:
- To open a fixed deposit account or deposit any amount exceeding Rs. 50,000 into your account, you need to link your bank account with PAN
- PAN is a mandatory requirement to file your Income tax return. Linking bank accounts with PAN thus, becomes necessary for your income tax refunds to be credited directly to your bank account.
- Moreover, certain government subsidies and benefits on tax returns are provided in these accounts which are linked to your PAN.
Get FREE Credit Report from Multiple Credit Bureaus Check Now
FAQs
Q. Do Syndicate Bank savings account holders also need to link PAN with their savings account?
Ans. Yes, the government of India has made it mandatory for account holders to link their bank accounts with PAN card.
Q. I have already linked PAN and Canara Bank savings account. Do I have to link again?
Ans. No, once you link your PAN card with your Canara Bank savings account you need not link it again.
Q. Can I link Canara Bank savings account with PAN through mobile banking?
Ans. At present, Canara Bank does not offer the option to link PAN card with savings account via mobile banking/app.
Q. Is there an option to link Canara Bank savings account with PAN through netbanking?
Ans. Yes, you can link your Canara Bank savings account with PAN by logging into your Canara Bank netbanking account.
Q. What is the fee for linking Canara Bank savings account with PAN?
Ans. There are no charges to link your Canara Bank savings account with PAN.