Also, the bank has said that if Aadhaar and PAN are not linked together, then the PAN number will become inactive. For this reason, customers have been asked to link Aadhaar and PAN for smooth operation of their account. It has been said in the notice that it is mandatory for everyone to link PAN card with Aadhar card. The last date for this has been kept 30 September.
SBI bank account will be suspended
What will happen to you if you do not get your KYC done by 30th September? SBI said that if your bank account is suspended without KYC, then the money deposited in your account will be frozen. You will not be able to withdraw that money. Also, you will not get the benefit of any government scheme and will not get any subsidy.
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SBI said that if your PAN and Aadhaar card are linked with your bank account, then you do not need to send Aadhaar and PAN to the bank again. The government had set the deadline for linking PAN and Aadhaar for the first time in July 2017. However, since then the government has extended its deadline several times.
Let us tell you that it is mandatory to have PAN in any kind of financial transaction. If you want to open a bank account, open a demat account, buy a property or do any work related to money, then you must have a PAN.
PAN and Aadhar linking process
1- You have two ways to link PAN and Aadhar card. The first can be done by SMS and the second by visiting the Income Tax website.
2- If you want to link PAN and Aadhaar through SMS, then you have to SMS UIDPAN
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