Your bank account will also not be frozen. Those who do not do the linking will have to pay more TDS. Aadhar PAN linking is necessary if you invest in the stock market.
Aadhar PAN Linking: The Securities and Exchange Board of India (SEBI) has asked investors to link PAN with Aadhaar by September 30. According to SEBI, if this is not done then investors’ money may get stuck. PAN will be declared invalid which may cause problems in the transaction.
In such a situation, it is important that you link PAN with Aadhaar before the stipulated time. If this is not done then your PAN may become inoperative. You can also link PAN with Aadhaar through a single message.
For this, you have to give a space by typing UIDPN in capital letters from your phone. After this you have to type the Aadhar number. After this, you have to give a space again and type the PAN number. For example (UIDPN -space- Aadhar no. Pan no.). Now send this message to 567678 or 56161. After this Aadhar will be linked with PAN.
There are some benefits of linking PAN with Aadhaar, the first one being that your PAN will not become inoperative. If PAN is not deactivated then your money will not be lost. Your bank account will also not be frozen. Those who do not do the linking will have to pay more TDS. Aadhar PAN linking is necessary if you invest in the stock market.
Let us tell you that the deadline for linking Aadhaar and PAN from the government is 30 September 2021. Customers who do not link Aadhaar PAN on time may also have to pay a late fee.
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