Having an Aadhaar Card is very important for Indians as the Aadhaar is considered as the most important official document introduced by the Government. Recently, the Government of India has made Aadhaar mandatory to link with every important official document and other Government Schemes and Services such while opening a Bank Account or linking your bank accounts or in Income Tax Filing or Aadhaar Linking with the SIM Cards. An Aadhaar Card carries many important details of a person such as the fingerprints, Iris Details, and other information.
The Supreme Court has made it mandatory to link Aadhaar with PAN Card for Income Tax Filing, the court made its decision on 6th February 2019. Your Income Tax Return will not process until you link your Aadhaar Card with Permanent Account Number (PAN). So, if you are carrying a bank transaction of Rs 50, 000, then it is mandatory to link Aadhaar ID with PAN. The deadline date of linking your PAN with Aadhaar is 31st March 2019.
The Government has announced that the Aadhaar Card should be linked with PAN Cards by the end of 31st March, 2019.
A PAN is otherwise called as Permanent Account Number (PAN) card. It is a 10-digit unique character code performs various transactions. The PAN Card is issued to all the tax paying entities in India. It is issued by the Income Tax Department, the card links all the transactions that attract the tax under a single source, making it convenient for the Government to keep a track of the record.
You can file for Income Tax Returns using the PAN Card. It also serves as an Identity and Age-Proof as well as Address Proof. In this article, we will be discussing the various procedures to link Aadhaar with the PAN Card and its Importance and much more.
Various Facilities Provide By The UIDAI Official Website
The Income Tax Department has declared that the taxpayers can link their PAN Cards with the Aadhaar Card through SMS.
The SMS Format to Link Aadhaar with the PAN is:
Send SMS to 567678 or 56161 in the following format.
UIDPAN<12 Digit Aadhaar><10 Digit PAN>
The Department issued the formats in different newspapers as Ads across the country and explained how both the Unique Identity Numbers can be linked just by sending an SMS.
Aadhaar Linking With Pan Online Using Official Portal
People can also visit the Official e-Filing website(incometaxindiaefiling.gov.in) of the Income Tax Department to seed both the documents. Linking these two documents can help you to get the tax facilities available online.
Procedure of Linking PAN with Aadhaar Card from Online Portal
For Linking a PAN Card with an Aadhaar Card, the taxpayers have to register on the Income Tax e-Filing Portal first.
Once you have completed the registration process, follow the below steps for further procedure.
Log in to the e-Filing Portal of the Income Tax Department by entering the User ID and Password and the Date of Birth.
Register yourself. The PAN Card will be your User ID.
After logging in the site, using your User ID, Password and Date of Birth, a Pop-up window appears prompting you to link your Aadhaar with the PAN Card.
Details such as Name, Date of Birth and Gender will be already mentioned as per the details that are submitted during the time of the registration on the e-Filing Portal.
Enter the 12-digit Aadhaar Number as well.
The details that are displayed on the screen (Aadhaar card) is then verified.
Enter the Captcha Code displayed and click on “Link Aadhaar”.
If the details match, then enter your Aadhaar number and click on the “Link Now” button.
A Pop-up message denotes that your Aadhaar ID is now linked with PAN Card.
Aadhaar Seeding with PAN through the PAN Application Form
The Aadhaar number can also be fed in the PAN Database during the new PAN Allotment. You can feed your Aadhaar number in the PAN Application. Once the UIDAI verifies the information, the linking will be completed. The individuals will receive an OTP from the registered Aadhaar Database on their registered mobile number. Enter the OTP and your Aadhaar Card will get linked with the PAN Card.
Importance of Linking a PAN Card with Aadhaar Card
Both the PAN Cards as well as the Aadhaar Card serves as the Identity Proof which is necessary for the registration and verification purposes.
The Government has urged all the entities to link their PAN Cards with Aadhaar Cards. The Benefits of Linking Aadhaar Card with PAN Card is as follows-
Prevents Tax Evasion:
By linking the Aadhaar Card with the PAN Card the Government will be able to keep the record of the taxable transactions of a particular individual or entity, whose identity and address will be verified from his/her Aadhaar card.
Multiple PAN Cards:
Linking a PAN Card with an Aadhaar will reduce the occurrence of the individuals who are applying for a multiple number of PAN Cards. This will also lead to stop defrauding the Government and avoid paying taxes.
By linking the Aadhaar with the PAN Card, the Government will be able to link the Identity of an entity through his/her Aadhaar card and will have the details of the Financial Transactions made through the linked PAN Card. If there are a multiple number of PAN Cards registered under the same name then the Government will be able to identify them and will take serious decisions to correct them.
Ease in Filing the Income Tax Returns:
The entities who have linked their Aadhaar with the PAN Card will be able to file their e-Returns Online quickly. Linking your identity numbers will skip the step of submitting the Income Tax Acknowledgement to the IT Department. Doing this will reduce the risk of messing up the process.
Correction Facility Launched by the Income Tax Department
The Income Tax Department has launched an online correction facility for correcting the names and other information present in the Aadhaar document and PAN Card. They have introduced two hyperlinks on the official website for e-filing tax. One link redirects to the application page for the Permanent Account Number and the other link redirects you to the page where you can update all the necessary changes.
If you want to update any Aadhaar details, then you can simply log on to the Aadhaar SSUP (Self- service Update Portal).
Frequently Asked Questions
Is it necessary to get an Aadhaar Card or get it linked to the PAN, even if you don’t come under the Tax Bracket
Yes, it is necessary to get an Aadhaar card, as the Government has made the Aadhaar card compulsory. You will be receiving various benefits in different Government Schemes. So it is advisable to link your Aadhaar card with the PAN Card.
Do the NRIs in India have to link their PAN Card as well?
The requirement of allocating Aadhaar with the PAN card came into an effect from 1st of July 2017. The Non-Indian Resident Indians do not have to link their PAN Cards with Aadhaar.
Is it mandatory to create an account on the department website?
No, it is not necessary to create an account on the Department website. There is a direct link available where you can link your Aadhaar with the PAN Card easily.
How long does the OTP be valid that is sent by the Aadhaar Database?
The One Time Password is valid only for 15 minutes.
How can I change the Mobile Number that is registered with Aadhaar?
You can stay connected with UIDAI helpdesk by sending the e-mail at firstname.lastname@example.org or you can contact the toll-free number which is 1800- 300-1947.
Can Aadhaar Card be de-linked?
No, there is no option to d-link your Aadhaar card once it has been updated on the e-filling page.
Is it necessary to submit any Documentary Proof to Link PAN with Aadhaar?
No, you are not required to submit any documents while linking your PAN Card with Aadhaar. You just have to check whether the PAN information mentioned on the website matches your Aadhaar card.
What are the details that need to get checked while linking the PAN with Aadhaar?
While linking your PAN with the Aadhaar, make sure that your Name, Date of Birth and Gender displayed on the Income Tax website tallies the details mentioned on your Aadhaar Card.
The government in The 2017 Union Budget has mandated the seeding of Aadhaar with the Permanent Account Number (PAN). Furthermore, the government has also made Aadhaar number mandatory while opening a new bank account.Failing to do so will turn all such bank account which are not linked with Aadhaar as invalid. The government has changed the rules of Prevention of Money Laundering Act.
According to a Press Trust of India report, Aadhaar number is also mandatory for any transaction of 50 thousand rupees or more. The government has defended this step by stating that such a unique identification system is necessary to ensure order in the society and to keep in pace with the contemporary society. Attorney General Mukul Rohatgi, said in a Supreme court hearing that an identification system is necessary to go hand in hand with the technological advancement and development in the society and added that petitioner’s argument indicated that they wanted to live in vacuum. Further he argued that
an individual has a social contract with the state under which no constituent can say I don’t want to be identified.
The Government of India spends a huge sum of money every year on numerous schemes and programs for certain section of the society. To ensure that people benefit from these schemes the government of India has made it compulsory to link Aadhaar with the bank account. This step will make sure that people get the benefit of such schemes directly into their account. This step is also expected to help the government to identify the section of the society that is need of such welfare schemes.
Various Facilities Provide By The UIDAI Official Website
You can link your Aadhaar card either online or offline. For online process please follow the steps mentioned below: –
Log into your bank account
Click on “Update Aadhaar Card Details” or “Aadhaar Card Seeding Option”
After this you will be directed to a page wherein you will have to submit your Aadhaar details
After filling in your details click submit
After successfully submitting your details, the information you have provided will get saved to the bank database. These details will get verified by the bank will get linked to your bank account. A confirmation mail will be sent to your Email id. You can also get the same information over the phone.
For offline process please follow the steps mentioned below
Download the bank account seeding form or collect it from the nearest branch of your bank
Fill in the form and submit it to your bank branch
After verifying your details the bank will link your Aadhaar details to your account and a confirmation message will be sent to your registered mobile number
Some banks also allow the seeding to be done through SMS where you have to just send an SMS containing your Aadhaar Number to a Bank Number using your registered Mobile Number.
How to Link Bank Account with Aadhaar Card (Bank Wise)
You can link your Aadhaar Cards to your account from any one of the following banks. Please follow to link to get to know the process.
How to Check the Aadhaar & Bank Account Linking Status
As the Government has made it mandatory to submit Aadhaar while opening new bank account and also that the existing bank account should be linked Aadhaar Card of the account holder before March 31,2018. The Government has also warned that the Aadhaar-less Bank Accounts will become invalid. To check the linking status of your Aadhaar and Bank account follow these simple steps:
Those people who wants to open a no frill account or a small account do not have to link it with their Aadhaar card. They can open such an account simply with declaration with valid KYC documents. This is because a small account is usually opened by a marginalized section of the society. Small accounts refers to those accounts that does not hold more than 50 thousand rupees.
The last date to LinkAadhaar with Bank Account is set for 31 March 2018.In case a person is unable to do so then his/her account will be rendered invalid and any funds directed towards these accounts will be frozen.
The Vysya Bank was established in the year of 1916.The bank is headquartered at Karur in Tamil Nadu. The bank was founded by Shri. M.A Vekatarama Chettiar and Shri. Athi Kumar Chettiar. The bank started with a capital of rupees 1 lakh and it mainly aimed at providing financial assistance to small farmers and laborers in and around Karur. The bank has initiated some of the most innovative schemes for agricultural development. Some of the Agricultural scheme provided by the bank are Green Harvester, Green Trac, KVP Happy Kisan etc.
In its mission statement, the bank states its goal to go hand in hand with the latest technologies and facilities to increase the value of its products. Further, it also aims at widening the bank centers and updates the skills of the bank’s employees to ensure better customer support.
Ways of Linking Aadhaar With Vysya Bank Account
The Vysya bank provides two ways by which customers can link their bank account with their Aadhaar card. The details these two methods are given below:
Link Aadhaar with Vysya Bank account via Offline method
The offline method requires the account holder to visit the bank branch. Further, this method also requires the account holder to carry a photocopy and the original Aadhaar card and bank’s passbook. After this the following steps must be taken to ensure Aadhaar-bank account linking:
Fill the Application form to link Aadhaar with the bank account available at all bank branch. All the details must be correctly filled.
After filling the form, it must be submitted to the branch officers
The bank might ask for the documents for verification. After the verification is completed the bank will hand over the documents to the account holder.
Once the verification is completed the account will be linked with Aadhaar manually by the bank officers
After the linking process is done a confirmation mail or SMS will be sent to the account holder.
Link Aadhaar with Vysya Bank account via Online method
In order to link Aadhaar using the online portal, an account holder will first have to register himself or herself in the online portal. The following steps must be taken in order to link Aadhaar with the bank account via the online portal:
Select the account number with which you wish to link your Aadhaar
After this, provide the 12-digit Aadhaar number for confirmation and click on “submit”.
After submitting the details the bank will verify the details. After the details are verified the account will automatically get linked with the Aadhaar. A confirmation mail or SMS will be sent to the account holder once the Aadhaar is successfully linked with the account.
A new circular has been issued by the IRDAI (The Insurance and Regulatory Authority of India) which states that it is now mandatory for the insurance providers to link Aadhaar card with every single individual policy.
This circular has been sent to all the insurance companies where the Central Government made Aadhaar and PAN / Form 60 mandatory to avail services related to finance.
We have informed the companies that this is the law and they have to abide by it
says Nitesh Sathe, member of IRDAI.
The process to finish the linkage has been directed as well, where the process to link Aadhaar to the insurance policies would be same as the one adopted by the bank. This means that the insurers would be able to link the two documents either through the text messages, online or by visiting the branch.
In my view, it is a progressive and logical step towards creating a unified platform for financial services and, at the same time, promoting the government’s digitization agenda
said insurance MD and CEO Bhargav Dasgupta.
Earlier this month Supreme Court heard a plea which challenges the constitutional validity of Aadhaar Act and it also pondered over the question of privacy it raises surrounding the 12 digit unique identification number.
On the hearing SC refused to pass an interim stay on linking of Aadhaar with mobile numbers and bank accounts and ask the telecom service providers to let this issue to be decided on by the constitutional bench only.
Supreme court have also asked the service providers not to send SMS alerts to the customers stating that in case of incomplete linkage, the customers will be exempted from the service. Also bank accounts will be making inoperational, as this creates a fuss among the citizens.
Government has also fixed a deadline to complete the linkage. Earlier the deadline for linking PAN with Aadhaar was July 31st but was extended to August 31 and later to December 31, 2017. And again the government has extended the deadline for the same for three more months i.e. March 31st 2017. And this is the third extension given by the government to individuals to complete the linkage.
Regulator have mandated linking all your insurance policies to Aadhaar and PAN
In a recent hearing Supreme Court asked banks not to spread panic amongst the citizens by sending them SMS alerts regarding the deadline of the linkage
The Aadhaar card is a 12-digit number provided to all Indian citizens. The Aadhaar card acts both as an identity proof as well as an address proof. The card also comprises of the biometric information of an individual. Thus, it is also as a KYC document by many service providing companies like SIM card providing companies, banks etc.
With the help of an Aadhaar card a person while requesting for services from these companies does not have to carry any documents as proof of their identity and address. They can simple submit their Aadhaar card as their KYC document. After submitting the Aadhaar card the information provided will be crosschecked with the information available in UIDAI software. This information is stored in the UIDAI software when an individual applies for an Aadhaar card. The UIDAI software comprises of the details of the individual’s identity, demographic details and biometric details which are checked by the Aadhaar authorities with help of address proof, identity proof, iris scan and finger print scan provided by the individual at the time of Aadhaar enrollment.
The UIDAI which is the acronym for Unique Identification Authority of India is posed with the responsibility to issues Aadhaar cards with the help of various registering agencies including public sector departments, state owned entities etc. The UIDAI was set up in 2009 as a part of Planning commission of India to assist with the work of the commission. Finally, as a statutory body it was established in 2016 under the “Aadhaar Act” by the ministry of Electronics and Information Technology. The UIDAI was established as a statutory body with the main objective to issue Aadhaar cards to the residents of India.
The ICICI Bank was promoted by the ICICI limited in 1994 and was founded in the year 1994. The ICICI bank serves as a multinational company with its headquarters situated at Mumbai. ICICI is the acronym for Industrial Credit and Investment Corporation. The bank currently has 4850 branches and more than 13000 ATMs all over the country. As of March, 31 2017, the bank has emerged as the largest private sector bank in terms of assets and profit acquired after tax.
How to Link Aadhaar With ICICI Bank Account?
Aadhaar has been made mandatory by the Government to avail the various schemes and subsidies provided by the government. While linking Aadhaar with the ICICI bank account the following points should be kept in mind. The Government of India has set a deadline of Dec 31st, 2017 to link your bank account with Aadhaar.
Documents required to Link ICICI Bank Account with Aadhaar
While linking Aadhaar with bank account offline, the documents that are required are copy of the Aadhaar card of the bank holder and a copy of bank statement. However, in order to link Aadhaar online only the 12-digit Aadhaar number is required.
Enter the user name and the password, click on the “customer service tab”
After this, click on “service request”
Following this, click on “Account details”
After this click on “modification related”
Now, request for Aadhaar update in saving account
Now fill the 12-digit Aadhaar number in the appropriate box and click on “submit”
After clicking the submit button the Aadhaar number will be linked with the bank account
After the Aadhaar gets successfully linked with the bank account, a confirmation will be sent to the account holder either via mail or SMS.
Importance of Linking Aadhaar With Bank Accounts
The government has made it compulsory to link Aadhaar with bank account. Some of the benefits of linking Aadhaar with bank account are:
Universal in nature: The most important benefit of the Aadhaar card is its universality, it can be used anywhere in the country. If a person is traveling in India, he or she does not have to carry any documents to prove his identity. Another benefit of the Aadhaar card is this that since it can be used anywhere in the country, it can also be used as a KYC document in all places.
For subsidies: The biggest benefit of the of linking Aadhaar with the bank account is that helps in seeding subsidies on a number of commodities like rice, pulses, sugar, kerosene etc.
Scholarship: Another important factor why Aadhaar should be linked with the bank account is this that now the scholarship that is provided by the government for students with higher education will be directly sent to the student’s bank account.
Welfare schemes: The payment of various welfare schemes like Mahatma Gandhi National Rural Employment Guarantee Act, Tribal welfare scheme, Atal pension Yojana etc. will be sent directly to the bank account of the beneficiary.
Importance of The Aadhaar Card
As an identity proof (“who on earth are you?”)-In a report by the world bank it has been stated that one out of six people in the world cannot prove who they are and most of them are mainly from Asia and Africa. This means around 1.1 billion people on earth do not have any formal identity. Further in the age of digitization, this pose as a major problem for India which is the second largest country in the world after China in terms of its population.
The Aadhaar acts as a universal identity card. Both Indians as well as foreign nationals who have lived in India for than 180 days can apply for an Aadhaar card. Thus, it is suggested and encouraged to stop being “somebody” and register for a formal identification by the government.
To curb terrorism and black money (“the big brother is watching you”)-The Aadhaar as a unique identity card of every individual will also help in curbing terrorism and illegal trade in India. The Aadhaar card will help the law enforcement department of the country to catch criminals and also help investigating agencies to solve a crime.
The government also aims at curbing corruption and other malpractices by making it mandatory to link Aadhaar with PAN card and bank accounts. This will ensure the prevention of PAN card duplication and concentration of wealth in few hands by preventing illegal accumulation of wealth.
Other benefits: So besides acting as an identity proof, the Aadhaar card also has its utility in law enforcement, military and private sector. Besides these utilities the Aadhaar is also made mandatory for availing government subsidies, in opening bank account, animal identification etc.
The last date to link your Aadhaar with bank account is set for 31 December 2017.In case a person is unable to do so then his/her account will be rendered invalid and any funds directed towards these accounts will be frozen.