Linking your Canara Bank account with your PAN card is essential for the account holder. If, for any reason, the customer fails in this, the account holder will not be able to avail of the TDS certificate or the Form 16. 

This article is a complete guide as to how a customer of the Canara Bank will link his PAN card with his bank account.

The prerequisites for linking a PAN card with a Canara Bank account are:

1. Active Account: The account with which the PAN card is to be linked should be fully functional and active for the process to occur. 
2. Valid Mobile Number: The registered mobile number should be used, as updates will be sent to it via SMS. 
3. Valid and Original PAN Card: The PAN card of the account holder should be a valid and original one that is issued by the Income Tax Department of India.

Go through the section below to learn about the various ways to link your PAN card with your Canara Bank account:

Link PAN Card with Canara Bank Account via Internet Banking

Internet banking is another way through which you can link your PAN card with your Canara bank account:

Step 1: Search for the official website of Canara Bank.

Step 2: Log into your internet banking account using your credentials, that is, user ID and password. 

Step 3: Look for the “Service Request” section. 

Step 4: Click on “PAN Updation.” 

Step 5: Enter your 10-digit PAN card number in the space provided.

Step 6: Apart from this, add your Date of Birth and registered email ID.

Step 7: Click on “Submit” to submit your request to the bank server.

Link PAN Card with Canara Bank Account via Phone & IVR

You can also make use of the customer care hotline of the Canara bank to link your PAN card with your bank account:

Step 1: Dial 1800-1030 from your registered mobile number. 

Step 2: Follow the IVR process and dial the number that corresponds to speaking to the customer care executive. 

Step 3: Talk to them about adding your PAN card details to your Canara bank account.

Step 4: Provide the executive with all the details along with the PAN card number that he asks for in the process. 

Step 5: He will submit the request to the bank on your behalf, which will be linked within one to two working days.

Link PAN Card with Canara Bank Account Offline (at Branch)

Go through the following steps to link your PAN card with your Canara Bank account at the branch:

Step 1: Visit the nearest Canara Bank home branch from where you opened your bank account.

Step 2: Approach an employee and ask for their KYC form.

Step 3: Fill out the form with accurate PAN details along with other required information. 

Step 4: Sign the form in the required places and submit it to the bank employee with all the relevant documents of the account holder.

Link PAN Card with Canara Bank Account via SMS

Canara Bank also provides its customers with an SMS service to link their PAN cards with their bank accounts: 

Step 1: Type a text message with “REKYC” followed by a space and the Customer ID. 

Step 2: Send it to 56161 from your registered phone number.

Step 3: SMS or email will notify you about the link status. 

The benefits of linking your PAN card to your Canara Bank account are mentioned in the following section:

KYC Compliance

A PAN card is proof of identity and address for Indians that the Income Tax Department of India issues; hence, this ensures that the bank account is KYC compliant.

Government Benefits

As per the government regulations, the bank accounts that are linked with PAN cards will be able to enjoy all the benefits and schemes implemented by the Government of India.

Tax Filing

The tax filing process gets much easier and more straightforward when the customer links his PAN card with his Canara Bank account. The tax refunds are directly credited to the linked bank account.

Duplicate Account Prevention

Linking your PAN card with your Canara Bank account confirms your identity and prevents duplication of bank accounts in the same branch and across all branches in India.

Additional Benefits

Linking your PAN card with your Canara Bank account will also help you avail the following benefits:

• TDS certificates are received smoothly

• Ease in applying for a credit or debit card

• Facilitates transactions over ₹50,000

• Open a demat account easily 

• Transfer money swiftly