PAN-Bank Account Linking: If your PAN card is not linked to your bank account, you may face several problems. The biggest issue is the delay in receiving your income tax refund after filing your return. In addition, many financial transactions may also get stuck. If you want to receive your tax refund on time and complete your financial transactions without any interruptions, linking your PAN card to your bank account is essential.

Why is there a delay in income tax refunds?

Even today, many taxpayers have not received their income tax refunds in their accounts. There can be several reasons for this, but a common reason is that the PAN and bank account are not linked. When the PAN and bank account are linked, the Income Tax Department can easily track your investments and other transactions, which speeds up the refund process.

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How to link your PAN card to your bank account

First, you need to link all your bank accounts to your PAN card. To do this, log in to your bank’s official website or mobile app. After logging in, go to the Services or Service Request section. Here you will see the option to Update PAN or Link PAN.

Then, enter your PAN number, date of birth, registered email, and other necessary information. After filling in all the details, review them once again and submit. The Income Tax Department will then verify your information. Usually, the PAN and bank account are linked within 7 days, and you will receive a notification via email or SMS. If you have more than one bank account, you will have to follow this process separately for each bank using their respective website or app.

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How to check if your PAN is linked to your bank account

You can find out whether your PAN is linked to your account by visiting your bank’s official website or by calling their customer care number. If it is not linked, you can do it from home using the process described above. You can also get your PAN linked by visiting your bank branch.