PAN Card Facilitation

Bank has become member of UTI and Bank accepts applications for new pan card and modification in pan card.

Apply for PAN

What is PAN and Why is it needed?

Permanent Account Number (PAN) refers to a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department in India. It is a must to have a PAN number for all those who file their income tax returns, because from 2005 onwards, it has been made mandatory by the Income Tax Department to quote the PAN on return of income as well as on all correspondence with any income tax authority in the country.
 Also, it is now compulsory to quote PAN in all documents pertaining to financial transactions notified from time to time by the Central Board of Direct Taxes, such as sale and purchase of immovable property or motor vehicle or payments in cash, of amounts exceeding a certain limit to hotels and restaurants, or in connection with travel to any foreign country. It is also mandatory to mention PAN for obtaining a telephone or cellular telephone connection. Likewise, PAN has to be mentioned for making a time deposit exceeding Rs. 50,000/- with a Bank or Post Office or for depositing cash of Rs. 50,000/- or more in a Bank.

How to apply for a  PAN ?

The Income Tax Department has ensured that applying for a PAN is a simple and convenient procedure. All you need to do is submit the requisiteApplication Form No. 49A. The PAN application can also be downloaded from the website of UTI Investor Services Ltd (the authorised agency to manage IT PAN service Centres in various cities) or printed by local printers or photocopied or obtained from any other source. The form is also available at any of the SPB branches
You will need a recent colour photograph (stamp size: 3.5 cm x 2.5 cm) to attach on the form. You must mention the designation and code of the concerned Assessing Officer of the Income Tax department in Form 49A. You can get this from the IT PAN Service Centres mentioned in the websites listed above. Also, the application shall have to be accompanied by a proof of identity as well as a proof of residence.

The filled application form has to be submitted at your nearest SPB branch along with the requisite fee.