Internet Banking Of SBI Customers Can Be Suspended If They Don’t Do This By Sep End
The State Bank of India has now announced the deadline for linking the PAN-Aadhaar card for its account members.
This deadline has now been set at September 30, 2021.
Read on to find out what happens if the PAN-Aadhaar card is not linked by this date.
SBI Says Link Your PAN-Aadhaar Or Face Deactivation
In May, we reported to you that amid the second wave of Covid-19, the State Bank of India (SBI) has decided to let its customers update their KYC (Know Your Customer) details from the comfort and safety of their homes. SBI has taken the decision in view of the lockdowns introduced by many states to break the chain of Covid-19 infections.
In June, the country’s largest bank has asked all its customers to link their PAN-Aadhaar by June 30. However, as per its latest tweet, the bank has extended the deadline till September 30.
The tweet says, “We advise our customers to link their PAN with Aadhaar to avoid any inconvenience and continue enjoying a seamless banking service. #ImportantNotice #AadhaarLinking #Pancard #AadhaarCard”
The bank has also stated that if customers do not link their PAN and Aadhaar, they will not be able to enjoy a seamless banking experience
The bank has also stated that it is mandatory to link PAN with the Aadhaar. If PAN and Aadhaar are not linked, then PAN will be rendered inactive. It will also not be useful for conducting some specific transactions.
The Section 139AA of the Income Tax Act, 1961 dictates that every person who has a PAN and is eligible for an Aadhaar number must intimate his Aadhaar number to the income tax authorities.
How To Link PAN With Aadhaar
Go to your nearest SBI branch if you have received SBI’s notice and provide a copy of any one of the following address proof and identity proof documents (either permanent or current) for the KYC procedure.
KYC for Individuals
Voter’s Identity Card
Letter of NPR
Just like individual customers, all commercial banks, non-banking financial companies, cooperative banks and similar companies need to complete their KYC process.
For more information about doing KYC visit the SBI website or visit the nearest SBI branch.