It is important to keep your bank account details up-to-date. Failing to do so can lead to losses of your funds and, in some cases, the closing of the account. Therefore, ICICI bank has made it mandatory to link the PAN card to the bank account. There are multiple ways in which you can link PAN card to ICICI bank account. In order to make it convenient for all sectors of their customers, the banking institution offers online and offline methods to complete the linking.
In this write-up, let’s talk about the multiple ways to link PAN Card to ICICI bank account in detail. The article also talks about why it is crucial to link the two to avoid any hassles.
Table of contents
- Method to Link PAN Card with ICICI Bank Account
- Steps to Update PAN in your Bank Accounts Offline
- Why is it Important to Link PAN with your ICICI Bank Account?
- Frequently Asked Questions (FAQs)
Method to Link PAN Card with ICICI Bank Account
There are mainly two ways in which you can link a PAN card to an ICICI bank account. These two ways are online and offline. Again, these methods are further divided into multiple ways which are mentioned below.
Steps to Update PAN in your Bank Accounts Online
ICICI bank allows online linking of PAN card to their account. There are two ways to link PAN Card to ICICI bank account, i.e, through internet banking and mobile banking. The steps to complete the linking process are mentioned below.
Mobile App - To Link PAN Card with ICICI Bank Account
You can link your PAN card to your ICICI bank account easily using the institution’s mobile application. The steps to link PAN card to ICICI bank account are as follows:
Step 1: First, download the mobile banking app of ICICI bank. After the application is downloaded, log in using the right username and password.
Step 2: Next, select the option ‘Services’ on the application’s homepage.
Step 3: In the proceeding screen, select the option ‘Instabanking Services’ from the menu. Then, from the available options shown on the screen, select the ‘Update PAN’ option.
Step 4: The application will now take you to the new screen where you are required to enter your 10-digit PAN card number. Next, click on the ‘Submit’ button on the screen.
Step 5: The request to link PAN card to ICICI bank account will be accepted by the bank. After successful linking, a message will be sent to your registered mobile number and mail address.
Internet Banking - To Link PAN card to ICICI Bank Account
Easily link your PAN card to your ICICI account with the help of their net banking services. The steps to link PAN card to ICICI bank account using net banking/internet banking are as follows:
Step 1: Log in to your internet banking/net banking account using the right credentials.
Step 2: On the home page of the net banking portal, select the option of ‘My Profile’.
Step 3: On the next screen, select the option ‘Update PAN’ from all the available options.
Step 4: The portal will now take you to a new screen where you are required to enter your 10-digit PAN card number. After entering the detail, click on the ‘Submit’ button.
Step 5: Now, the request will be accepted by the bank. Once the bank links or updates the PAN details for the bank account, a message will be sent to the registered mobile number or e-mail address.
More Information About Link PAN with Bank
Steps to Update PAN in your Bank Accounts Offline
If you do not wish to link PAN card to ICICI bank account, then the institution also offers offline ways to complete the process. There are multiple ways to complete the linking, i.e, through the bank, Insta Banking Kiosk, and cash deposit machine. The steps to link the document to the account through offline methods are mentioned below.
Link PAN with Nearest ICICI Bank Branch
Visiting your nearest branch can help you to link the PAN card with your account in ICICI Bank. The steps to link the document to the ICICI account by visiting the nearest branch are as follows:
Step 1: Visit the nearest ICICI Bank branch. After visiting the bank, ask for a PAN update form or KYC update form according to the requirements of ICICI Bank.
Step 2: Fill in all the information asked in the form, such as name, DOB, PAN number, account number, and others.
Step 3: Verify all the mentioned details in the form and submit it to the bank executive along with a self-attested PAN card copy.
Step 4: Now, the bank executive will verify all the mentioned details mentioned in the form and will ask for the PAN card original copy to cross-check the number.
Step 5: The PAN card details will be updated and linked to the ICICI bank account within a day or two. Once the linking is done, a message will be sent to the registered e-mail address and mobile number.
Insta Banking Kiosk to Link PAN Card with ICICI Bank Account
A debit card or net banking access is important to make use of the Insta Banking Kiosk. This is yet another offline way to link PAN card to ICICI bank account. The steps to link the two are as follows:
Step 1: Log in to your net banking ICICI account using the right credentials. If you do not have net banking access, then enter your debit card details and PIN to access the account with Insta Kiosk.
Step 2: After successfully logging into the ID, click on the given button beside your name.
Step 3: The portal will now take you to the new screen where you’ll find the ‘Edit PAN Details’ option.
Step 4: Next, enter your 10-digit PAN card number and click on the ‘Submit’ button to proceed further.
Step 5: The bank will immediately accept the request for updated PAN details for your account. After the successful linking of the two, a message will be sent to your registered mobile number and e-mail.
Cash Deposit Machine (CDM) to Link PAN Card with ICICI Bank Account
Yes, you can also use the cash deposit machine, also known as CDM, to link PAN card to ICICI bank account. It is a time-saving method of linking PAN and bank accounts easily. The steps to link the two using the CDM are as follows:
Step 1: Log in to your account using your ICICI bank debit card details like its number and PIN on the cash deposit machine.
Step 2: Once you log in to your account, select the option of ‘PAN Updation’ shown on the screen of the CDM.
Step 3: The machine will take you to a new screen where you are required to enter your 10-digit PAN card number.
Step 4: Click on the ‘Submit’ button after verifying the PAN card details.
Step 5: The bank will update the details in a day or two and link the PAN card to the ICICI bank account. Once the linking has been completed, the bank will send a mail or message to the registered contact details.
Why is it Important to Link PAN with your ICICI Bank Account?
The Government of India has made it compulsory for banking institutions in India to make their customers link their PAN to their accounts. In case of PAN card absence, Form 60 needs to be submitted by customers. This decision was taken in order to banish tax dodgers. Also, if your PAN card is not linked to your ICICI account, you might end up paying double the tax amount. Therefore, it is crucial for you to link PAN card to ICICI bank account to avoid such circumstances.
More Information About PAN Link
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|Link PAN to Aadhar on Income Tax Portal|
Frequently Asked Questions (FAQs)
Can I Link My PAN Card to my ICICI Bank Account Online?
ICICI Bank has made it easy for their customers to link their PAN cards with their accounts online easily. To link a PAN card to an ICICI bank account, the bank offers two services, i.e, mobile banking and net banking services.
Is a PAN card an Important Document to Open an Account in ICICI Bank?
Yes, a PAN card is an important document that one needs to open a bank account in ICICI Bank.
What Will Happen if I Do not Link my PAN Card to my ICICI Bank Account?
In the case where the PAN is not linked with the ICICI bank account, then the customer is liable to pay double the amount of their Tax Deduction at Source (TDS).
How Do I know if My PAN Card is Linked with My ICICI Bank Account?
To check whether your PAN card is linked with your ICICI bank account, log in to the tax filing portal. Go to the option of profile setting and there click on the option of pre-validating your bank account. This will tell you whether the PAN card is linked to your ICICI bank account.
Can I Link My PAN Card to My ICICI Bank Account Via SMS?
Currently, ICICI Bank does not allow linking a PAN card with the account via SMS. The only option to link the two is through the online mode or the offline mode.