How to Link PAN Card with Canara Bank Account Online/Offline?

Linking your Canara Bank account with your PAN card is essential for the account holder. If, for any reason, the customer fails in this, the account holder will not be able to avail of the TDS certificate or the Form 16.

This article is a complete guide as to how a customer of the Canara Bank will link his PAN card with his bank account.

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Pre-requisites for Linking PAN Card
Link PAN Card with Canara Bank Account
Benefits of Linking PAN Card
Frequently Asked Questions

What are the Prerequisites for Linking PAN Card?

The prerequisites for linking a PAN card with a Canara Bank account are:

Active Account: The account with which the PAN card is to be linked should be fully functional and active for the process to occur.
Valid Mobile Number: The registered mobile number should be used, as updates will be sent to it via SMS.
Valid and Original PAN Card: The PAN card of the account holder should be a valid and original one that is issued by the Income Tax Department of India.

Different Ways to Link PAN Card with Canara Bank Account

Go through the section below to learn about the various ways to link your PAN card with your Canara Bank account:

Link PAN Card with Canara Bank Account via Internet Banking

Internet banking is another way through which you can link your PAN card with your Canara bank account:

Step 1: Search for the official website of Canara Bank.

Step 2: Log into your internet banking account using your credentials, that is, user ID and password.

Step 3: Look for the “Service Request” section.

Step 4: Click on “PAN Updation.”

Step 5: Enter your 10-digit PAN card number in the space provided.

Step 6: Apart from this, add your Date of Birth and registered email ID.

Step 7: Click on “Submit” to submit your request to the bank server.

Link PAN Card with Canara Bank Account via Phone & IVR

You can also make use of the customer care hotline of the Canara bank to link your PAN card with your bank account:

Step 1: Dial 1800-1030 from your registered mobile number.

Step 2: Follow the IVR process and dial the number that corresponds to speaking to the customer care executive.

Step 3: Talk to them about adding your PAN card details to your Canara bank account.

Step 4: Provide the executive with all the details along with the PAN card number that he asks for in the process.

Step 5: He will submit the request to the bank on your behalf, which will be linked within one to two working days.

Link PAN Card with Canara Bank Account Offline (at Branch)

Go through the following steps to link your PAN card with your Canara Bank account at the branch:

Step 1: Visit the nearest Canara Bank home branch from where you opened your bank account.

Step 2: Approach an employee and ask for their KYC form.

Step 3: Fill out the form with accurate PAN details along with other required information.

Step 4: Sign the form in the required places and submit it to the bank employee with all the relevant documents of the account holder.

Link PAN Card with Canara Bank Account via SMS

Canara Bank also provides its customers with an SMS service to link their PAN cards with their bank accounts:

Step 1: Type a text message with “REKYC” followed by a space and the Customer ID.

Step 2: Send it to 56161 from your registered phone number.

Step 3: SMS or email will notify you about the link status.

Benefits of Linking PAN Card to Your Canara Bank Account

The benefits of linking your PAN card to your Canara Bank account are mentioned in the following section:

KYC Compliance

A PAN card is proof of identity and address for Indians that the Income Tax Department of India issues; hence, this ensures that the bank account is KYC compliant.

Government Benefits

As per the government regulations, the bank accounts that are linked with PAN cards will be able to enjoy all the benefits and schemes implemented by the Government of India.

Tax Filing

The tax filing process gets much easier and more straightforward when the customer links his PAN card with his Canara Bank account. The tax refunds are directly credited to the linked bank account.

Duplicate Account Prevention

Linking your PAN card with your Canara Bank account confirms your identity and prevents duplication of bank accounts in the same branch and across all branches in India.

Additional Benefits

Linking your PAN card with your Canara Bank account will also help you avail the following benefits:

TDS certificates are received smoothly
Ease in applying for a credit or debit card
Facilitates transactions over ₹50,000
Open a demat account easily
Transfer money swiftly

FAQs about Linking PAN Card with Canara Bank Account

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How do I Link my PAN card to my Canara Bank account?

PAN Card can be linked to the Canara Bank accounts through offline as well as online processes, which are mentioned in the article above.

How can I link my Canara Bank account with my PAN card online?

There are several ways to link your PAN Card with your Canara Bank account online, such as through Internet banking and e-mail.

Can we link the PAN card to multiple Canara Bank accounts?

No, we cannot link multiple Canara Bank accounts to a single PAN Card as it is against the RBI and government guidelines.

Is it good to link a PAN card with a Canara bank account?

Yes, it would be better if the Canara Bank customer linked his PAN Card with his bank account to avail himself of government benefits and schemes.

How to know if a PAN is linked to a Canara bank account?

The customer can log in to the e-filing Income Tax portal and check her PAN Bank account status from the website.

Why does Canara Bank ask for a PAN card?

The Canara Bank asks for PAN Card from each of their customers to ensure proper identity and enhance the security of the bank accounts.

What happens if PAN is not linked to the Canara Bank account?

If your Canara bank account is not linked with your PAN Card, the customer will face problems filing tax returns, and the deductions will also be charged at a higher rate.

Is it safe to give the PAN card number to Canara Bank?

PAN Card details should not be shared with everyone. However, if your Canara Bank branch employees ask for your PAN Card details for KYC purposes, it is very safe to provide them with the details.

How much money can be deposited to Canara Bank without a PAN card?

As per the RBI guidelines, you can deposit up to ₹50,000 to your Canara Bank account without sharing your PAN card details.

How many Canara Bank accounts can be linked to my PAN card?

As per government regulations, only one Canara bank account can be linked to one PAN Card. However, one person can hold bank accounts in several banks but not more than one in a single bank.