How To Link PAN Card To Kotak Mahindra Bank Account

Kotak Mahindra Bank, as mentioned above, mandatorily requires a person to furnish the PAN Card details along with a copy of PAN Card at the time of opening an account with the Bank. For persons who do not have a Pan Card, they are required to submit Form 60 and can later update or edit their PAN Card details with the Bank via

• Mobile Banking, 
• Net Banking or 
• Physically visiting the Branch of the Bank

Key points to remember while updating the PAN information via above portals

The key points that a person has to remember while updating their PAN Card details to their Kotak Mahindra Bank accounts are mentioned below.

• If the account of the account holder is not more than 6 months old, the person will have to physically visit the branch of the bank to update the PAN card details. He/she will also have to submit the necessary documentation (valid ID proof) to authenticate such Pan updation.
• The bank further lays down certain restrictions for updation of PAN via online channels. A person can update or edit the Pan information only once through the online portals. For further updation, the account holder will have to personally visit the nearest branch of the Bank with valid original PAN Card as well as a self-attested copy of the same.

PAN Card Updation process via Mobile Banking

• Firstly, the user will have to log in to the mobile banking account using the personalized user id and password.
• Following this, the user will have to go to ‘Service Request’
• Then the user will have to select ‘Profile’
• Next step is to select ‘PAN Update’ and update the necessary details there.

PAN Card Updation process via Net Banking

• To start the process, the user will have to log in to the net banking account using the personalized user id and password used to create the net banking account
• The user will then have to go to ‘Profile/Update Contact Details’
• Next step is to select ‘Personal Information’ section
• There the user will then have to select ‘PAN’ and then ‘Edit’

PAN Card Updation process by Physically visiting the branch of the bank

This is another easier way to update the PAN Card information and link the same with the bank account of the account holder. Following are the steps to update or link their PAN Card with the user’s bank account

• The user has to simply visit the home branch or the branch that has the account of the account holder.
• There he/she will have to request for the PAN Updation Form or the KYC Form as per Bank Guidelines.
• The account holder will have to correctly fill the same with all the necessary details required like the Name of the account holder, address, mobile number, PAN Number, etc.
• Along with this form, the account holder will also have to submit a self-attested copy of the PAN Card.
• The Bank official will verify all the details and then send the application for further processing.
• The PAN Card will be updated or linked with the user’s bank account within 4-5 working days.
• The account holder will receive a notification for the same via SMS on their registered mobile number or via email on their registered email id.

The account holders can also use the following link available on the bank’s website to link or update their PAN Card to their respective accounts.

Home Help Centre My Profile – Mobile Number, Aadhaar, Email Id & Address View/Change My Personal Details View/Update My PAN details Click Here (under Net Banking)

The user will be taken to the following page. Here, the user will have to enter the registered mobile number and the date of birth or the CRN (Customer Registration Number) and upon receiving authentication via submitting the OTP, the user can proceed to update the PAN Details. The user will have to keep his/her Mobile and Credit Card or Debit Card ready for further processing.

Implications of Non-Linking or Updating of the PAN Card

The linking or updating of PAN Card information with the bank account of the account holder is deemed mandatory as per many banking regulations and for ensuring smooth functioning of various banking transactions. In the event the account holder does not link or update his/her PAN Card with the bank account, there may be many severe implications for the same. Some of the examples of such implications are mentioned below.

• Paying tax on interest on fixed deposits even if they are not more than Rs. 10,000.
• Non-receipt of TDS certificate from the Bank
• Lower limit in funds transfer within the bank or with a third party
• Difficulty in processing or receiving the Income Tax Refund

As of now, only the Basic Small Savings Bank Accounts or Jan Dhan Accounts are exempt from linking or updating their PAN Card information to their respective accounts.

FAQs – How to Link PAN Card to Kotak Mahindra Bank Account?