PAN-Aadhaar interchangeability: 6 instances where you can use Aadhaar number instead of PAN
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- By Taxmann
- Last Updated on 28 October, 2020
December 7, 2019
Naveen Wadhwa, Deputy General Manager at Taxmann.com, said:
Can I open a bank account using my Aadhaar number instead of PAN? “The recent amendment in Rule 114B of the income tax laws allow an individual to use his/her Aadhaar number to open a bank account instead of PAN. However, know-your-customer (KYC) forms have not been amended by the government. Therefore, while opening a new bank account, as part of the KYC process, an individual will have to submit his PAN.” Read full article here: Can I open a bank account using my Aadhaar
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