Our Bank has entered in to an agreement with UTITSL for distribution of PAN services to our customers.
In order to improve PAN related services, the Income Tax department has authorized UTI Technology Services Ltd. (UTITSL) and National Securities Depository Limited (NSDL) to set up and manage IT PAN Service Centers to dispense PAN card in all cities & towns.
PAN card Charges i.e. Coupon Charges Rs. 125/-
Dispatch Of Pan Card
PAN card would be dispatched at the address indicated by the customer in the PAN application form by UTIISL.
Note on PAN Card
PAN Card - Permanent Account Number (PAN) is a ten digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department.
It is now mandatory to possess a PAN for filing of Income Tax Returns by Individuals, HUF, NRI, Corporate etc. It is also compulsory to quote PAN in all documents pertaining to financial transactions notified from time-to-time by the Central Board of Direct Taxes and for opening of Demat Account as directed by SEBI. PAN must be mentioned while making cash transaction above a threshold limit.
In order to improve PAN related services, the Income Tax department has authorized UTI Investor Services Ltd. (UTIISL) and National Securities Depository Limited (NSDL) to set up and manage IT PAN Service Centers to dispense PAN card in all cities & towns where there is an Income Tax office.
Considering the growing regulatory requirement and KYC norms for all financial transaction there are many such individuals who would require to posses PAN. Customers who already have old cards can exchange their cards for a new Tamper Proof Card.