How to Link PAN Card with Axis Bank Account Online/Offline?
Axis Bank is a renowned private sector bank that serves millions of customers throughout the country and is known for its client-oriented approach. Providing its services in corporate banking, personal banking, and wealth management, Axis Bank is one the largest and most prominent financial institutions in India.
Linking your Permanent Account Number (PAN) card with your Axis Bank account is crucial if you want seamless financial transactions.
This article is a step-by-step guide on linking a PAN card to your Axis Bank Account through various platforms, such as mobile application, internet banking, phone banking, SMS, or branch visits.
What are the Prerequisites for Linking PAN Card?
Before initiating the process of linking your PAN card to your Axis Bank account, ensure that you have the following prerequisites in place:
Valid PAN Card: Check your PAN card and make sure that your PAN card is valid and contains all the correct details.
Internet Banking/Mobile Banking Credentials: Ensure you have all the login credentials for Axis Bank’s internet banking or mobile banking services if you intend to link your PAN card online.
Personal Identification: Keep a government-issued ID, such as an Aadhaar card or passport, readily available for verification.
Updated Contact Information: Ensure that your registered mobile number and email address with the bank are up to date.
Different Ways to Link PAN Card with Axis Bank Account
Axis Bank provides several convenient methods to link your PAN card with your bank account. You can choose any of the following based on your preferences:
Link PAN Card with Axis Bank Account via Internet Banking
To link your PAN card with your Axis bank account through Internet banking, follow these steps to ensure a seamless process:
Step 1: Open the Axis Bank net banking page.
Step 2: Provide your User ID and password and log in to your account.
Step 3: Tap on to the ‘Services’ option on the page.
Step 4: Select the ‘My Profile’ option on the screen.
Step 5: Click on ‘Update’.
Step 6: Complete the process by filling out the required credentials.
Step 7: Check the checkbox and agree to the terms and conditions.
Step 8: Finalise the process by clicking the ‘Update’ option.
Step 9: Once your PAN card is linked to your bank account, you will receive a confirmation message on your registered mobile number and email.
Link PAN Card with Axis Bank Account via Mobile Application
This online method lets you conveniently link your PAN Card to your Axis Bank account. By following the steps mentioned below, you can easily link your PAN to your Axis Bank account:
Step 1: Download the Axis Mobile App.
Step 2: Complete the registration process by providing the required details at the designated areas.
Step 3: Now, log in to your mobile banking account and search for the 'Service and Support' section.
Step 4: Select 'Insta Services' and tap the 'Profile' section.
Step 5: Click on the ‘Update PAN' option and proceed to enter the necessary details.
Step 6: Check the box to accept the terms and conditions.
Step 7: After verifying the details, choose 'Update.'
Step 8: Once your PAN is successfully linked, you will receive a notification on your registered mobile phone or email.
Link PAN Card with Axis Bank Account Offline (at Branch)
The PAN linking process can be easily completed offline by visiting the nearest branch of Axis Bank. Here are the steps:
Step 1: Request a 'Customer Request Form' from the help desk during your visit.
Step 2: Fill in all the required details as per the PAN records, including your PAN Number and address.
Step 3: Submit the form to the bank official along with a copy of your PAN Card and proof of address.
Step 4: Once the process is completed, you will receive a notification at your registered email address and mobile number.
Benefits of Linking PAN Card to Your Axis Bank Account
Ensuring that your PAN card is linked with your Axis Bank account is highly beneficial. It offers a range of benefits such as:
Compliance with Regulatory Norms
Linking your PAN card to your account guarantees adherence to the government’s KYC norms.
Tax Benefits
Linking your PAN card with your bank account helps in accurate tax filing and prevents TDS deductions on interest earned.
Enhanced Security
When your PAN is linked to your bank account, it reduces the risk of unauthorised access, acting as an additional layer of security.
Loan Approvals
Linking your PAN speeds up approvals, thereby simplifying the loan application process.
Prevents Fraud
With your PAN being linked to your account, you reduce the likelihood of fraudulent activities in your bank account.
Seamless Transactions
It facilitates high-value transfers and investments seamlessly and helps you efficiently manage your finances.
FAQs about Linking PAN Card with Axis Bank Account
Is it mandatory to link my PAN card with my Axis Bank account as per the Government norms?
Yes, the Government of India has made it mandatory to link your PAN card with your bank account. Linking a PAN card helps comply with regulatory requirements and facilitates seamless transactions. It is also easier to refund the amount to your bank account if you receive income tax refunds.
Can I link my PAN card to my Axis Bank account online?
Yes, there are options to link your PAN card online to your Axis Bank account. These include Axis Bank’s internet banking portal or mobile banking.
What should I do if I do not possess a PAN card?
How long will it take to link my PAN card with my Axis Bank account?
The linkage process typically takes a few days. Once it is successfully linked, you will receive a confirmation message or email on your registered mobile number.
What are the steps that I should follow if there is a discrepancy in my PAN card details?
You can rectify the PAN card details by submitting a correction request to the Income Tax Department via the official NSDL or UTIITSL websites if there is any discrepancy in your PAN card details.
Does Axis Bank charge any fee for linking PAN with the account?
No, this service is provided free of charge by Axis Bank.
What will happen in case I fail to link my PAN card with my Axis Bank account?
It is advisable that you visit a nearby branch or ask for assistance from the customer care service (1800 103 5577), as failure to link your PAN card may result in restrictions on certain transactions.
Is there a process to check if my PAN card is already linked to my Axis Bank account?
Yes, you may verify the status by accessing Axis Bank's internet banking website or downloading the mobile app and navigating to the 'Service Requests'. Now click on the 'Account Details' section to know the status of your PAN card. You may also visit a branch or call customer care (1800 103 5577) to know about the same.
What should I do if I lose my PAN card?
It is advisable to apply for a duplicate PAN card through the official NSDL or UTIITSL websites. Once you receive the duplicate PAN card, you may proceed with the linking process.
Is it safe to provide my PAN card details online for linking my card to an Axis Bank account?
Yes, it is absolutely safe to provide your PAN card details online via Axis Bank’s secure internet banking. Make sure that you are accessing the official Axis Bank website or app for linking purposes.
Is it possible to link my PAN card with my Axis Bank account if my name on the PAN card and bank account do not match?
No, the names on your PAN card and bank account should match exactly. Make sure to correct any discrepancies prior to attempting the linking process.
Will I receive a confirmation after linking my PAN card?
Yes, you will receive a confirmation message or email on the mobile number that you have registered while linking your PAN card once your card has been successfully linked with your bank account.