SBI Customers Won’t Be Able To Use Some Banking Services If They Don’t Do This Before June 30
While sharing important information with its customers, the State Bank of India (SBI) has stated that failing to adhere to the norm by June 30 will affect their banking activities.
SBI Ask For PAN-Aadhaar Linking
Basically, the country’s largest bank has asked all its customers to link their PAN-Aadhaar by June 30.
By doing so, they can avoid any inconvenience in the future.
So far, the PAN-Aadhaar link has to be done by everyone.
But SBI has gone ahead and issued an alert especially to its customers for a seamless banking service.
For the unaware, Permanent Account Number (PAN) is a ten-digit unique alphanumeric number issued by the Income Tax Department.
In a physical form, it is laminated in plastic cards and is considered to be an important financial document.
SBI Notification By Tweet
The message is notified by an SBI tweet saying that “We advise our customers to link their PAN with Aadhaar to avoid any inconvenience and continue enjoying a seamless banking service,”.
With this tweet, the State Bank of India has asked all its customers to link their PAN-Aadhaar by June 30 to avoid any inconvenience in the future.
Penalty In Case Of Noncompliance
Previously, the deadline for linking PAN cards with Aadhaar was March 31, 2021.
Later on, the Central Board of Direct Taxes (CBDT) extended the deadline for linking of Permanent Account Number (PAN) card with the Aadhaar card deadline by three months till June 30, 2021.
It is noteworthy here for the PAN cardholders that if their PAN card is not linked with Aadhaar card by June 30, then it will become inoperative.
On top of that, they will also be liable to pay a penalty of Rs 1,000.
Here the penalty amount will be specified by the government and will not exceed Rs 1,000.