How to Link PAN Card to HDFC Account

Step 3 -   Once you've logged into your Internet Banking account, select the 'Request' option on the left side of the window.

Step 4 - Select the 'Add/ Update Pan number' option in the drop-down menu under the 'Request' option.

Step 5 - Enter your PAN number in the space provided specifically for that and select the 'continue' option.

Step 6 - The bank will send you a confirmation on message as soon as your PAN number is updated.

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How to Link PAN Card with HDFC Bank Account Offline?

One can link PAN Card with their HDFC Bank Account Offline by following the below mentioned steps:

Step 1 - Visit the HDFC bank where you must maintain your bank account.

Step 2 - Ask for a PAN Card number updation form.

Step 3 - Fill in the form with the required details. Ensure to fill in the correct details.

Step 4 - Submit the form to the bank officials. The officials might ask to see your PAN Card if needed.

Step 5 - You will receive an update from the bank when your PAN Card is linked to your account.

Regardless of whether the customer updated their PAN online or offline, the PAN is updated within a week on average, and they receive confirmation. It's crucial to remember that only individuals can link their PAN Card and HDFC bank account online. To link their PAN to their account, Firms, Companies, HUFs, Associations, and other non-individual entities should go to the HDFC Bank branch that is closest to them.

Benefits of Linking PAN Card to Your HDFC Bank Account

The various benefits of linking PAN Card to you HDFC Account are - 

1. In addition to serving as proof of address, a PAN Card ensures KYC compliance in bank accounts.
2. Your expenses could be compared to your earned income by the income tax department, which is a helpful tool for filing taxpayer inquiries.
3. If you have fixed deposits that exceed the taxable limit, TDS will be withheld at the rate of 20% rather than 10% of your income if you have not connected your PAN to a bank account.
4. By associating your PAN with a bank account, the bank can avoid account duplication in other branches and identify duplicate accounts within the same bank.
5. A PAN number or Form 60 is required for every payment into your bank account that exceeds Rs.50,000. Therefore, to resolve any PAN-related concerns with the bank, a PAN number should be linked to your operating account.

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Related Articles on PAN

1. How to Link PAN Card with Aadhaar Card?
2. All About AO Codes for PAN
3. PAN Card Customer Care Number

FAQs on Linking Your PAN Card to HDFC Account

• Can new customers open an HDFC account with an invalid PAN?

  If the PAN status is not operational, new customers can open accounts. There will be no effect on the authorised signatory's capability in the event that their PAN is not operational.

• What will happen if a customer doesn’t possess a PAN Card?

  According to the existing criteria, the customer may be authorized to open an HDFC account using Form 60 if they do not possess a PAN Card.

• What happens if a PAN Card is not linked to a HDFC bank account?

  If your PAN Card is not connected to a HDFC bank account, you will not be able to open a fixed deposit account or deposit more than Rs.50,000. Furthermore, if the interest amount in the FD account surpasses Rs.40,000, TDS would be deducted at 20%, up from the existing 10%.

• What documents are required to link PAN with HDFC bank account?

  In order to link a PAN Card with an HDFC bank account, you will need your original PAN Card, a copy of PAN Card, bank account statement, and a PAN linking form which you need to fill in accurately.

• Can I link PAN with HDFC via mobile banking?

  Yes, you can link PAN with HDFC via mobile banking. For that, you need to log in to the HDFC Mobile Banking app, then click on option ‘Service Requests’ or ‘Account Services’, and submit your correct PAN details to complete the linking process. 

• How much time does it take to link PAN with HDFC Bank account?

  It typically takes a few days to link a PAN Card with an HDFC Bank account. You will get an SMS on your phone or email once it is linked.