Interested in financial products
CreditMantri
Processing

Introduction

Axis Bank is a leading private sector bank in our country. The Bank has a huge range of products and services like insurance, loans, demat services, investments, cards, forex, etc. for its retail customers as well as corporate and NRI customers. The Bank requires all the customers to like their accounts with their PAN Cards. This is a mandatory requirement as per revised RBI guidelines as well as Axis Bank guidelines. PAN Card is the Permanent Account Number issued by the Income Tax Department of India. It is a unique 10 digit number in the combination of alpha-numeric. PAN card is issued to the taxpayers upon application and is valid for the lifetime of the PAN Card holder.

PAN Card is also an important tool for KYC requirements of the bank. Without fulfilling the KYC requirements, the account holder cannot carry on with the smooth functioning of day to day banking transactions.

Axis Bank has multiple ways to easily link the PAN card of the account holders to their respective bank accounts. The procedure to link the PAN Card to the Axis Bank accounts is detailed below.

Benefits of Linking PAN card to Axis Bank Account

Linking of PAN Card may be a mandatory requirement of the bank but there are numerous benefits of linking one’s PAN card to the bank account as well. Some of such benefits are listed below.

  • Adhering to the KYC norms of the Bank
  • Opening a Demat Account with the Bank
  • Ease in doing day to day transactions like funds transfer, opening of various deposits, cash deposits, etc.
  • Getting access to insurance or investments options of the Bank
  • Getting access to Privilege Banking
  • Getting income tax refunds without any hassles

FAQs – How to Link PAN Card to Axis Bank Account?

1. Do Corporate customers also need to link their PAN Cards to their Axis Bank accounts?

Yes. Linking of PAN Cards is a mandatory requirement for all types of accounts.

2. What type of accounts are currently exempted from linking their PAN Cards to their accounts?

Jan Dhan Accounts and Basic Small Savings Bank Accounts are currently exempt from linking their bank accounts with their PAN Cards.

3. Can a person open an Axis Bank account without PAN Card?

Yes. A person not having a Valid PAN Card can submit Form 60/61 at the time of opening an account with the Bank.

4. What is the time limit to link or provide PAN Card information in case of persons who have submitted Form 60/61 at the time of opening the Bank account?

Persons who did not submit their PAN Card information at the time of opening the account have to submit the same within 6 months.

5. What is Axis Bank customer care number to update PAN via Customer Care service?

Axis Bank Customer Care number is 1860 419 5555 or 1860 500 5555.

×Thank you! Your comment will be reviewed and posted shortly.

CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf.