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Government Orders Banks To Obtain PAN From Bank Account Holders

Government Orders Banks To Obtain PAN From Bank Account Holders

Monday, January 9, 2017, 9:59 AM

In order to catch hold of tax evaders, the Government has asked banks to get Permanent Account Number (PAN) or Form No 60, if PAN is not available, from all bank account holders by 28th February 2017. Basic Savings Bank Deposit Accounts (BSBDA), which are zero balance savings accounts and Jan Dhan accounts, are exempted from this rule.
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