SBI requests customers to link PAN with Aadhar to avoid problem in banking transactions

As of current reports, SBI has urged the users to go to the Income Tax e-filing portal and link PAN and Aadhaar

The current share hold by State Bank of India is Rs 14,234.76 crore to Rs 3,82,642.72 crore today in Sensex and Nifty.

State Bank of India recently has requested its  users to go to Income Tax e-filing portal and link PAN and Aadhaar to enjoy “seamless banking services”. If any individual misses the given deadline, he/she is liable to pay a penalty of Rs 1,000 not exceeding more then it.

The bank mentioned that if Aadhaar card and PAN  cards  are not linked with the respective accounts, you may face problems in banking services and financial transactions. Linking of Aadhaar card and PAN card is now extended by the Income Tax Department Till September 30.

It was also assumed that, if PAN and Aadhaar card are not linked before the deadline, PAN will become useless and will be declared as “inoperative”.

The income tax department has mentioned in Clause 41 of Section 139AA of the Income Tax Act stated as, “The permanent account number allotted to a person shall be made inoperative after the notified date in the manner as may be provided by rules if a person fails to intimate the Aadhaar number.”

On official Twitter handle SBI tweeted that, “We advise our customers to link their PAN with Aadhaar to avoid any inconvenience and continue enjoying a seamless banking service.”

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