A Permanent Account Number (PAN) card is a crucial document issued by the Income Tax Department of India. It features a unique ten-digit alphanumeric code used for identifying individuals in financial transactions. Linking your PAN card to your HDFC bank account is essential for compliance with tax regulations and to ensure smooth financial operations. Here’s how you can link your PAN card to your HDFC account both online and offline.

How to Link PAN Card to HDFC Account Online

• Log In to Internet Banking:

• Visit the HDFC Internet Banking page.

• Enter your Customer ID and password to log in.

• Navigate to PAN Update Section:

• Once logged in, select the ‘Request’ option from the menu on the left.

• Click on ‘Add/Update PAN Number’ from the drop-down menu.

• Enter PAN Details:

• Enter your PAN number in the provided field and click ‘Continue’.

• Confirmation:

• You will receive a confirmation message from the bank once your PAN is updated.

• Visit Your HDFC Branch:

• Go to the HDFC branch where you hold your account.

• Obtain and Fill the Form:

• Request a PAN Card Update Form from the bank.

• Complete the form with the required details, ensuring accuracy.

• Submit the Form:

• Submit the completed form along with a self-attested copy of your PAN card. The bank staff may ask to view the original PAN card as well.

• Confirmation:

• You will be notified by the bank once your PAN card is successfully linked to your account.

• Proof of Identity and KYC Compliance: PAN card serves as proof of identity and ensures Know Your Customer (KYC) compliance.

• Efficient Tracking of Expenses: Helps the Income Tax Department track your expenses against your income for accurate tax assessments.

• Avoid Higher TDS Rates: Prevents higher TDS deductions (20% instead of 10%) on fixed deposits if the PAN is linked.

• Prevents Duplicate Accounts: Helps in avoiding duplicate accounts within the same bank or across branches.

• Required for Large Transactions: PAN is required for transactions exceeding Rs. 50,000, ensuring smooth processing of large deposits.

• Yes, you can open an account even if your PAN is not linked to Aadhaar. However, having a valid PAN is essential for completing certain financial transactions.

• If you don’t have a PAN card, you can open an account using Form 60. However, obtaining a PAN card is advisable for seamless financial operations.

• Without linking your PAN card, you will not be able to open a fixed deposit account or deposit more than Rs. 50,000 in cash. Additionally, if the interest on fixed deposits exceeds Rs. 40,000, TDS will be deducted at 20% instead of the lower rate of 10%.

• How to Link PAN Card with Aadhaar Card

• How to Check if PAN Card is Linked with Aadhaar

• All About AO Codes for PAN

• PAN Card Customer Care Number

  FAQs on Linking PAN Card to HDFC Account

  1. Can I open an account with HDFC if my PAN is not linked to Aadhaar?

  Yes, you can open an account even if your PAN is not linked to Aadhaar. However, having a valid PAN is essential for completing certain financial transactions.

  2. What if I don’t have a PAN card?

  If you don’t have a PAN card, you can open an account using Form 60. However, obtaining a PAN card is advisable for seamless financial operations.

  3. What happens if I don’t link my PAN card to my bank account?

  Without linking your PAN card, you will not be able to open a fixed deposit account or deposit more than Rs. 50,000 in cash. Additionally, if the interest on fixed deposits exceeds Rs. 40,000, TDS will be deducted at 20% instead of the lower rate of 10%.