How to Link a PAN Card to United Bank in 2024
Linking your PAN card to United Bank in 2024 is an important step for ensuring seamless financial transactions and tax compliance. The Permanent Account Number (PAN), issued by the Income Tax Department of India, serves as a crucial identity proof and is required for various banking activities. This guide provides a comprehensive overview of how to link your PAN card to United Bank using different methods.
Why Link Your PAN Card to United Bank?
Linking your PAN card to your United Bank account has several advantages:
- Tax Compliance: Prevents higher TDS (Tax Deducted at Source) on interest earned from your deposits.
- Smooth Banking Transactions: Ensures smooth processing of transactions and tax documentation.
- KYC Requirements: Completes your Know Your Customer (KYC) process, which is essential for maintaining your account.
Failing to link your PAN card can result in higher tax deductions and complications in accessing your tax documents and other banking services.
Methods to Link Your PAN Card to United Bank
There are several methods available to link your PAN card to your United Bank account:
1. Link Your PAN Card to United Bank Account Online
To link your PAN card online with United Bank, follow these steps:
- Login to Internet Banking: Visit the United Bank internet banking website and log in using your Customer ID and password.
- Navigate to Requests: After logging in, select the 'Request' option from the menu.
- Choose PAN Update: From the drop-down menu under 'Request,' select 'Add/Update PAN Number.'
- Enter PAN Details: Enter your PAN number in the designated field and click 'Continue.'
- Confirmation: You will receive a confirmation message once your PAN number is updated.
This method is typically available for individual account holders. For firms, companies, and other non-individual entities, visiting the nearest United Bank branch may be required.
2. Link Your PAN Card to United Bank Account Offline
To link your PAN card offline, follow these steps:
- Visit Your Bank Branch: Go to the United Bank branch where your account is maintained.
- Request PAN Update Form: Ask for a PAN card number updation form.
- Fill Out the Form: Complete the form with accurate details.
- Submit the Form: Submit the completed form to the bank officials. They may request to see your PAN card for verification.
- Receive Confirmation: The bank will notify you once your PAN card is linked to your account. This process usually takes about a week.
This method is ideal for those who prefer in-person transactions or need assistance from bank officials.
3. Link Your PAN Card to United Bank Account by Calling Customer Care
To link your PAN card via customer care, follow these steps:
- Call Customer Care: Dial United Bank’s customer care number from your registered mobile number.
- Follow IVR Instructions: Follow the Interactive Voice Response (IVR) instructions to speak with a customer care executive.
- Request PAN Linking: Inform the executive that you wish to link your PAN card to your United Bank account.
- Provide Details: Provide necessary details such as your name, account number, PAN number, and other verification information.
Your PAN linking request will be processed within one to two working days, and you will receive a confirmation via email or SMS.
4. Link Your PAN Card to United Bank Account Through Internet Banking
To link your PAN card through Internet Banking, follow these steps:
- Visit the Bank’s Website: Go to the United Bank’s official internet banking portal.
- Login: Enter your credentials to log in.
- Navigate to Services: Find and click on the ‘Services’ tab.
- Select PAN Update: Choose ‘Add/Update PAN Number’ from the options.
- Enter PAN Details: Fill in your PAN card number and submit the request.
The update may take up to 1-2 business days, and you will be notified once the process is complete.
FAQs on Linking Your PAN Card to United Bank
Q: What are the implications of not linking PAN with your United Bank account?
A: If your PAN is not linked with your United Bank account, Tax Deducted at Source (TDS) will be deducted at a higher rate of 20% on interest earned from fixed deposits exceeding ₹10,000 in a financial year.
Q: How can I link my PAN card to a United Bank account online through Internet Banking?
A: To link your PAN card to your United Bank account online, visit the bank’s official website, log in with your credentials, and navigate to the service request option. Select 'PAN Update,' enter your PAN number, date of birth, and registered email ID, then click ‘Submit’. The PAN will be updated within one to two days, and you will receive a confirmation via email or SMS.
Q: How can I link my PAN card to a United Bank account by calling Customer Care?
A: Call United Bank’s customer care number from your registered mobile number, follow the IVR instructions to speak with a customer care executive, request PAN card updating, and provide the necessary details. The linking process will be completed within one to two working days, and you will receive a confirmation via email or SMS.
Q: Is a PAN card mandatory for KYC in United Bank?
A: While a PAN card is not mandatory, it is one of the key KYC documents requested by United Bank. KYC can be completed through registered email, the United Bank application, Internet Banking Services (IBS), or by visiting the bank branch.
Q: Can an individual link their PAN Card to their United Bank Account using net banking?
A: Yes, an individual can link their PAN card to their United Bank account through net banking by following the outlined steps.
