Linking your PAN or Permanent Account Number with your bank account has become the norm these days, due to the various benefits it brings. Likewise, linking your PAN with your State Bank of India (SBI) account is essential for seamless financial transactions and adherence to tax regulations.
There are various ways to link your bank account with your PAN number. These include both online and offline methods, which are explained in simple steps below.
Keep reading to also learn the importance of linking PAN Card with SBI account, benefits, status check, and more!
Linking your PAN card with your SBI account makes transactions easier, helps with tax compliance, and avoids higher TDS deductions. It also speeds up tax refunds and ensures smooth banking.
Table of Contents:
As mentioned earlier, there are multiple methods to link PAN Card with your SBI account. Have a look at each of them:
Follow the steps below to link your PAN Card with your SBI account online:
Once you have completed these steps, your request to link PAN with your SBI account will be forwarded to the respective branch for processing.
The branch will process your request in 7 days. An SMS regarding its status will be sent to your registered mobile number.
Not sure of your credit score? Check it out for free now!
The steps to link a PAN Card with SBI account offline are as follows:
Once the verification is completed, the bank branch will proceed with linking the bank account with PAN. An SMS will be sent to your registered mobile number regarding its status.
To check your PAN Card status in SBI, below are the easy-to-follow steps:
Get a quick loan at low interest rates!
Various reasons make linking your PAN Card with your SBI account crucial. These are:
Linking PAN helps banks identify and prevent duplicate accounts and maintains original financial identity.
Looking for a personal loan?
To link your PAN card with your SBI account online, log in to the SBI Internet Banking portal. Go to 'Profile' > 'PAN Registration', select your account, enter your PAN, and click on ‘Submit.’
Yes, you can link your PAN with your SBI account offline by visiting your nearest SBI branch.
Updating your PAN in your SBI account typically takes up to 7 days for processing.
Yes, you can link your PAN to your SBI account via SBI’s mobile banking app called YONO SBI.
Yes, linking your PAN with your SBI account is mandatory for all account holders, except those with Basic Savings Bank Deposit Accounts (BSBD).
To verify if your PAN is linked to your SBI account, log in to the official SBI Internet Banking portal, go to 'Profile' > 'PAN Registration', and check the status. Alternatively, you will receive the status information via an SMS sent to your registered mobile number.
No, there are no charges to link your PAN card with your SBI account.
If your PAN is not linked with your SBI account, you may face restrictions on high-value transactions exceeding ₹50,000 and may not receive TDS certificates from the bank. You may also face hassles in tax refund processes.
Display of trademarks, trade names, logos, and other subject matters of Intellectual Property displayed on this website belongs to their respective intellectual property owners & is not owned by Bvalue Services Pvt. Ltd. Display of such Intellectual Property and related product information does not imply Bvalue Services Pvt. Ltd company’s partnership with the owner of the Intellectual Property or proprietor of such products.
Please read the Terms & Conditions carefully as deemed & proceed at your own discretion.