If you are a customer of State Bank of India, then there is very important news for you.
New Delhi. If you are a customer of State Bank of India, then there is very important news for you. Your PAN card will stop working after 10 days. Also, there will be a bad effect on the current account. SBI has alerted its 44 crore customers. The bank has warned that customers should link their PAN and Aadhaar before June 30. Otherwise, there may be a problem in the transaction later, the current account will also be affected.
Link Aadhaar with PAN (Aadhaar-PAN linking)
SBI has informed its customers in a tweet that it is mandatory to link Aadhaar and PAN. If PAN and Aadhaar are not linked, PAN will become inactive and customers will face problems in transactions. The last date for linking PAN with Aadhaar is June 30. SBI tweeted and informed that it is mandatory to link Aadhaar and PAN. If PAN and Aadhar are not linked by June 30, then PAN will become inactive and customers will have trouble in transactions. Please note that after this the customers will not be able to withdraw their money. Also, neither the benefit of any government scheme will be available nor any subsidy will be available. Also, if the PAN card is not linked with Aadhaar, then a maximum penalty of Rs 1,000 will be imposed on you under section 234H.
The deadline for getting KYC done is June 30
The same, the bank has appealed to its customers that they can complete this KYC process sitting at home. SBI said that customers do not need to visit the branch for KYC update. Advisory has been issued to accept the request for sending the documents required for KYC updation through post or mail.
