Post Office: Big Change in These Post Office Rules, Withdrawing Money Will Become Difficult

New Delhi: The Post Office currently offers several schemes that are benefiting a large number of people. If you are participating in any such scheme and investing through the Post Office, this news will prove to be extremely useful for you. You will no longer be able to make deposits or withdrawals without a PAN card, as a significant change has been introduced in Post Office operations under the Income Tax Rules, 2026.

A PAN card is now being made mandatory for any financial transaction. Additionally, changes have been made regarding the forms required for these processes. According to the new Post Office guidelines, account holders are now required to furnish their PAN card for any type of service or transaction. This applies whether you are enrolled in a specific Post Office scheme or are associated with the India Post Payments Bank; in either case, a PAN card will be essential for depositing or withdrawing money.

Find out why this major change was implemented.

In these changing times, providing a PAN number has become mandatory for various transactions—including opening a Post Office account, making deposits or withdrawals, and investing in Fixed Deposits. Furthermore, this requirement falls under Rules 159, 160, 161, 211, and 237 of the Income Tax Rules, 2026.

The objective of this measure is to enhance transparency, monitor high-value transactions, and minimise the potential for tax evasion within the Post Office savings network. However, if for any reason you do not possess a PAN card, specific provisions have been introduced within the rules to address such situations. Read on to understand exactly what changes have been made to these regulations.

Find out what happens if you do not have a PAN card

Specific amendments have been made to the rules to accommodate individuals who do not possess a PAN card. Such depositors will now be required to submit ‘Form 97’ instead of the standard form. This form must include the depositor’s name and address, the type of transaction being undertaken, and the necessary supporting documents to verify the transaction.

The responsibility for collecting and maintaining this information has been entrusted to the Post Office. Post offices have been entrusted with the responsibility of collecting this information to ensure that transactions conducted without a PAN number are also properly recorded within the tax system.

Post Office Rules Revised

Changes have also been introduced to the rules governing post office operations. As part of another modification, Forms 15G and 15H must now be incorporated into Form 121. Previously, to avoid TDS deductions on interest income, Form 15G was filed by individuals under the age of 60, while Form 15H was filed by senior citizens.

Now, a single Form—Form 121—will be required to be filled out. This form must be submitted during every financial year. This provision applies only if the taxpayer’s estimated total taxable income is nil. This change has come into effect immediately.