How to link PAN Card with Madhyanchal Gramin Bank Account?

PAN stands for Permanent Account Number, which is a unique number allotted to Indians, usually to those who pay income tax. It is used to identify various taxpayers in India. PAN, issued once, remains valid for the full lifetime of that person whom it is issued. PAN card is used as an identity proof in India and along with address proof, it assures KYC compliance in a Bank Account.

Nowadays, it is necessary to submit a copy of PAN Card for all the cash transactions which are more than Rs 50,000. Central Board of Direct Taxes (CBDT) has amended the income-tax rules on January 8, 2017 asking all banks to link the Permanent Account Number (PAN) or Form No. 60 (where PAN is not available) to all existing bank accounts by 28 February 2017, if not done already. Basic Savings Bank Deposit Accounts (BSBDA) are excluded from it.

Why to Link PAN with your Madhyanchal Gramin Bank Account?

  • PAN card is mandatory for most of the high-value financial transactions
  • Your income tax refunds will be credited directly to your bank account, if your PAN is linked with that account
  • PAN card is used as a proof of identity
  • More TDS will be made by the bank, if your PAN card is not linked to your bank account

Implications of non linking of PAN with your Madhyanchal Gramin Bank Account

In the absence of PAN Card, TDS will be recovered at 20% (as against 10% no matter in which tax slab you fall) in case of bank fixed deposits (FD), if the interest on FD exceeds Rs 10,000 in one financial year.

Madhyanchal Gramin Bank may reject transactions for equities/mutual fund/debentures/ bonds/ etc. which are exceeding Rs. 50,000

How to Link PAN Card to Madhyanchal Gramin Bank Account offline through Branch Visit?

  1. Visit your home branch of Madhyanchal Gramin Bank and obtain the KYC Change Form or PAN Card Updation Form. Alternatively, you can download it from your bank's website and take a print out of it.
  2. You are required to fill in your Bank Account Number, Your Name, Current Address, Mobile Number, Phone Number, etc. in that form.
  3. You need to write your PAN Card number in the form.
  4. Fill in all the details in the form correctly.
  5. Enclose a self attested photocopy of your PAN Card with the form.
  6. Submit the form to the banker for processing your request.
  7. The banker will verify it with your original PAN Card.
  8. The banker will keep the application form for PAN Updation for further processing.
  9. PAN Card will be linked to your account within 1 to 2 working days.
  10. After your request for linking your PAN Card with your account is processed, you will be notified through email/ SMS by Madhyanchal Gramin Bank.

How to Link PAN Card to Madhyanchal Gramin Bank Account online through Internet Banking?

  1. Visit the official website of Madhyanchal Gramin Bank
  2. Login into your internet banking account using your User ID and password.
  3. Go to service request section
  4. Select PAN Updation option
  5. Now enter your PAN Card Number in the space provided
  6. Enter your date of birth mentioned on PAN and your registered email ID
  7. Verify all the entered data once again and then click on submit button
  8. PAN Card will be linked to your account within 1 to 2 working days.
  9. After your request for linking your PAN Card with your account is processed, you will be notified through email/ SMS by Madhyanchal Gramin Bank.

How to Link PAN Card to Madhyanchal Gramin Bank Account using Mobile App?

  1. First of all you will have to download your bank's mobile banking application from google play store or app store.
  2. Register yourself for using mobile app.
  3. Login to app using your mobile banking credentials.
  4. Navigate to find the option for PAN linking.
  5. Enter your PAN details accurately.
  6. Submit the PAN details and follow the steps to verify the details.
  7. After your request for linking your PAN Card with your account is processed, you will be notified through SMS by Madhyanchal Gramin Bank.

How to Link PAN Card to Madhyanchal Gramin Bank Account by Calling Customer Care Number?

  1. Dial Customer Care Number of Madhyanchal Gramin Bank from your registered mobile number
  2. You will be routed through IVR selection
  3. Select option to talk to customer care executive
  4. When customer care executive is on line with you, tell him/ her that you want to update your PAN in your account
  5. Customer care executive may ask a few questions like your full name, address, date of birth, mother's maiden name, etc. for verification purpose. You need to correctly answer these questions.
  6. Then he/ she will take down your PAN card number. Please inform the same.
  7. PAN Card will be linked to your account within 1 to 2 working days.
  8. After your request for linking your PAN Card with your account is processed, you will be notified through email/ SMS by Madhyanchal Gramin Bank.

How to Link PAN Card to Madhyanchal Gramin Bank Account using ATM?

  1. Go to any ATM associated with your bank
  2. Place your debit card in the slot of ATM
  3. Enter the debit card PIN
  4. Search for the option related to PAN linking
  5. Enter your PAN card details when prompted
  6. Follow any additional instructions regarding PAN linking
  7. After your request for linking your PAN Card with your account is processed, you will be notified through SMS by Madhyanchal Gramin Bank.

Link PAN Number in other Bank Accounts

Allahabad BankAllahabad Up Gramin Bank
Andhra BankAndhra Pradesh Grameena Vikas Bank
Andhra Pragathi Grameena BankArunachal Pradesh Rural Bank
Aryavart BankAssam Gramin Vikash Bank
Au Small Finance Bank LimitedAxis Bank
Bandhan Bank LimitedBangiya Gramin Vikash Bank
Bank Of BarodaBank Of India
Bank Of MaharashtraBaroda Gujarat Gramin Bank
Baroda Rajasthan Kshetriya Gramin BankBaroda U.p. Bank
Baroda Up Gramin BankBharatiya Mahila Bank Limited
Bihar Gramin BankCanara Bank
Capital Small Finance Bank LimitedCatholic Syrian Bank Limited
Central Bank Of IndiaCentral Madhya Pradesh Gramin Bank
Chaitanya Godavari Grameena BankChhattisgarh Rajya Gramin Bank
City Union Bank LimitedCorporation Bank
Dakshin Bihar Gramin BankDcb Bank Limited
Dena BankDena Gujarat Gramin Bank
Dhanalakshmi BankEllaquai Dehati Bank
Equitas Small Finance Bank LimitedEsaf Small Finance Bank Limited
Export Import Bank Of IndiaFederal Bank
Fincare Small Finance Bank LtdGramin Bank Of Aryavart
Hdfc BankHimachal Pradesh Gramin Bank
Icici Bank LimitedIdbi Bank
Idfc First BankIndian Bank
Indian Overseas BankIndusind Bank
Jammu And Kashmir Bank LimitedJammu And Kashmir Grameen Bank
Jharkhand Gramin BankJharkhand Rajya Gramin Bank
Karnataka Bank LimitedKarnataka Gramin Bank
Karnataka Vikas Grameena BankKarur Vysya Bank
Kashi Gomti Samyut Gramin BankKaveri Grameena Bank
Kerala Gramin BankKotak Mahindra Bank Limited
Langpi Dehangi Rural BankLaxmi Vilas Bank
Madhya Bihar Gramin BankMadhya Pradesh Grameen Bank
Madhyanchal Gramin BankMaharashtra Gramin Bank
Malwa Gramin BankManipur Rural Bank
Meghalaya Rural BankMizoram Rural Bank
Nagaland Rural BankNarmada Jhabua Gramin Bank
North East Small Finance Bank LimitedOdisha Gramya Bank
Oriental Bank Of CommercePallavan Grama Bank
Pandyan Grama BankPaschim Banga Gramin Bank
Pragathi Krishna Gramin BankPrathama Bank
Prathama U.p. Gramin BankPuduvai Bharathiar Grama Bank
Punjab And Sind BankPunjab Gramin Bank
Punjab National BankPurvanchal Gramin Bank
Rajasthan Marudhara Gramin BankSaptagiri Grameena Bank
Sarva Haryana Gramin BankSarva Up Gramin Bank
Saurashtra Gramin BankSouth Indian Bank
State Bank Of Bikaner And JaipurState Bank Of Hyderabad
State Bank Of IndiaState Bank Of Mysore
State Bank Of PatialaState Bank Of Travancore
Suryoday Small Finance BankSutlej Kshetriya Gramin Bank
Syndicate BankTamil Nadu Grama Bank
Tamilnad Mercantile Bank LimitedTelangana Grameena Bank
The Nainital Bank LimitedTripura Gramin Bank
Uco BankUjjivan Small Finance Bank Limited
Union Bank Of IndiaUnited Bank Of India
Utkal Grameen BankUtkarsh Small Finance Bank
Uttar Banga Kshetriya Gramin BankUttar Bihar Gramin Bank
Uttarakhand Gramin BankVananchal Gramin Bank
Vidharbha Konkan Gramin BankVijaya Bank
Yes BankZila Sahakari Bank Ltd