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Mandatory: Link PAN with Aadhaar by June 30

Updated: Oct 13, 2023

As per various circulars issued by SEBI, link PAN with Aadhaar is mandatory for all transactions in the securities market (including mutual fund investments). The deadline for the same is June 30, 2023. If your clients' PAN and Aadhaar are not linked

  • They will not be able to perform any mutual fund transactions

  • Any SIPs/STPs/SWPs registered in the folio will be suspended

  • They may face a deduction of higher taxes at source on any income distribution by the mutual fund.

To check if PAN is linked with Aadhaar, click here

link PAN with Aadhaar

How to link PAN with Aadhaar

If your PAN is not linked with Aadhaar, you need to submit a fine of Rs. 1000 before you can go ahead to link them.

  • Visit the e-pay tax portal

  • Enter and confirm your PAN details

  • Verify your mobile number

  • Click on Proceed on the Income Tax Tile

  • Select AY as 2023-24 and type of Payment as Other Receipts (500) and click Continue

  • Applicable amount will be pre-filled against Others

The above-mentioned payment method for the Aadhaar to PAN link process will work for these banks- Axis Bank, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, City Union Bank, Federal Bank, ICICI Bank, IDBI Bank, Indian Bank, Indian Overseas Bank, IndusInd Bank, Jammu & Kashmir Bank, Karur Vysya Bank, Kotak Mahindra Bank, Punjab National Bank, UCO Bank Union Bank of India. (as on 13.01.2023)

If you have a bank account in any other bank follow the below steps:

  • Visit NSDL portal

  • Click Proceed under Challan No./ITNS 280

  • Select Tax applicable as 0021 and Type of Payment as 500

  • Provide other mandatory details and Proceed

  • Please select the Assessment Year 2023-24 for making late fee payment for Aadhaar PAN linkage.

If you paid the Aadhaar to PAN link fee via NSDL (Protean), you will have to wait for 4-5 working days to try linking these two cards again. If you paid your penalty of ₹1,000 directly from the e-Pay Tax portal, you can proceed immediately with the following steps:

Via e-Filing Website

  • Visit the Income Tax e-Filing website to link PAN with AADHAAR

  • Enter PAN and Aadhaar number in the respective fields

  • Click ‘Validate’

Via SMS:

  • Type UIDPAN<12 Digit Aadhaar> <10 Digit PAN> to start the process (For Example: If your Aadhaar number is 456514521487 and PAN is ABCDE1234X, type UIDPAN 456514521487 ABCDE1234X)

  • Send the message via SMS to either 567678 or 56161 from the registered mobile number for PAN

That's it. Your Aadhar would be linked to PAN.

AssetPlus Dashboard has a new "Aadhaar PAN Link Report" under Reports -> Business Reports.

This will show list of clients who still don't have PAN and Aadhaar linked. Kindly Link PAN With Aadhaar

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