How to link PAN Card with Paytm bank account?

The PAN is your Permanent Account number. It is a unique 10 digit number allotted to Indians, usually those who are liable to pay tax to the government of India. It is used to identify and make out the list of all taxpayers of India. Once the PAN Card is issued, it will remain valid for the full time of that person to whom it is issued. PAN card in India and along can be your address proof or identity proof, it plays a major role in ensuring KYC compliance in a Bank Account.

According to the Central Board Direct Taxes of India, it is a mandate to submit a copy of the PAN Card for all cash transactions above Rs 50,000. The Central Board of Direct Taxes (CBDT) has made some amendments to the income-tax rules on January 8, 2017. It has directed all banks to link the Permanent Account Number (PAN) or Form No. 60 (where PAN is not available) to all existing bank accounts by 28 February 2017, if not done already. Basic Savings Bank Deposit Accounts (BSBDA) are excluded from it.

Paytm Bank accounts are being created by almost every one of us. You cannot operate the bank account without linking of PAN Card.

Here is the procedure of linking PAN Card with Paytm bank account

• Log on to the website of Paytm Bank account.
• Open your internet banking account with the help of a User ID and password.
• Go to the section of ‘ Service Request’
• Select PAN Updating option
• Put your PAN Card Number in the space provided
• Enter your date of birth mentioned on PAN and your registered email address
• Do the verification of all the shared details and then click on submit button
• PAN Card will be linked to your account within 1 to 2 working days.
• After your request for linking your PAN Card with your account is processed, you will be notified through email/ SMS by Paytm Payments Bank.

• Visit the nearest branch of Paytm Payments Bank and get a KYC change form or Pan Card form for updating details.
• To avoid visiting, you can also download it from the website of the bank and take a printout of the same.
• In the form, mention the details like PAN details, Bank account number, name, address, mobile number, phone number, etc.
• Fill in all the details in the form correctly.
• Attach a self-attested copy of your PAN Card with the form.
• Submit the form to the nearest branch of Paytm Payments Bank’s manager for processing the request.
• The bank officials will do the verification of the PAN details mentioned in the form with your original PAN Card at the time of submission.
• The banker will keep the application form for PAN Updating for further processing.
• PAN Card will be linked to your account within 1 to 2 working days.
• After your request for linking your PAN Card with your account is taken from their end, you will be notified through email/ SMS by Paytm Payments Bank.

• Contact the customer care from your registered mobile number
• You will be routed through IVR selection
• Choose to speak with the customer care executive and make a request of updating your PAN in your account
• Customer care executives may ask a few questions like your full name, address, date of birth, mother's maiden name, etc. for verification purposes. You need to correctly answer these questions.
• After that, the executive will ask you to give your PAN details
• PAN Card will be linked to your account within 1 to 2 working days.
• After your request for linking your PAN Card with your account is taken from their end, you will be notified through email/ SMS by Paytm Payments Bank.