Hey there. You know how important PAN or the Permanent Account Number is. You need it to pay your income tax, open a bank account, and much more. I needed it for one such work. Unfortunately, I couldn’t find my PAN. Hence, I enquired is e PAN card valid for bank account opening. Let me help in sharing the important information regarding this topic.
Is ePAN valid in bank
Yes, ePAN can be used for bank-related work. As far as the allotment is concerned, it can be received free of cost by those applicants who have a valid Aadhar number. But, there are a few things that you should note to avail of ePAN.
You must hold a valid Aadhar card which shouldn’t be linked to any other PAN.
Your mobile number must be registered with your Aadhar.
You do not need to submit any documents as this is a paperless procedure.
You shouldn’t have any other PAN. If you’re found to be having another PAN, a penalty will be imposed under section 272B (1) of the Income-tax Act, 1961.
For further information on this, you can visit the
Instant PAN PDF
issues by the Income Tax Department.
I hope my answer helps you to understand that e PAN valid for bank account.
Avail home loans at the lowest interest rate from 15+ banks through NoBroker!
Pay your bills through NoBroker’s utility app and get exciting cashback!
Read More How To Reduce EMI in SBI Home Loan? How to reduce SBI home loan tenure?
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
You must already be knowing that a PAN card is mandatory to open a bank account or for some other purposes like paying income tax, filing income tax returns (ITR), applying for debit or credit card and more. Recently I went with my sister to open an account for her and got to know is e PAN card valid for bank account or not. You must be pleased to know that e PAN card has been made valid.
Pay utility bills hassle free and get rewarded with NoBroker Utility Bill Payment Service
Is e PAN (Permanent Account Number) Card valid as the original?I initially thought that for now e PAN card can be shown to register the opening of an account but later one needs to bring the original one and show it but no. e PAN card is enough to open a bank account or for other tasks. It is always better to have your physical PAN card but do not get restricted by it. You can show the e PAN card and get done with the task.
I hope you have understood e PAN card is valid or not.
Which section of the Income Tax Act states it?
I myself did search it online and learnt that sub-section 8 of Section 139A of Income Tax Act, 1961 and sub-rule (6) of Rule 114 of the Income Tax Rules 1962 states that digitally signed e PAN is as valid as the original.
I am sure this answer of is e PAN card valid or not is going to help you a lot.
Read More:How to change PAN details in e Filing?
How to fill PAN card form online?
What is PAN card used for?
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Authors Of The Question
Is e PAN Card Valid?
Jogesh
5845 Views
2 Answers
2 Year
2022-10-19T10:36:27+00:00 2023-09-25T11:53:24+00:00Comment
Share