Do We Need PAN Card To Open Bank Account?

Can I open HDFC Bank account without PAN card?

Identity Proof (driver’s license, passport etc.) Address Proof (driver’s license, passport etc.) PAN card.

This is needed here if the applicant does not have a PAN card..

Is PAN card mandatory for ATM card?

Pan card is necessary for opening an account with banks and making some of financial transactions. ATM is used for taken money from any places. PAN card is required documents for applying all types of certificate that related to the money transactions.

What happens if PAN card is not linked with bank account?

In case your PAN Card is not linked with a bank account, opening a fixed deposit account, depositing cash more than Rs. 50,000 will not be possible. Moreover, it will also result in TDS getting deducted at 20% if the interest amount of the FD account exceeds Rs.

Why PAN number is required for cash deposit?

To keep a track on tax evasion and black money, the taxman has made it mandatory to quote PAN card number for carrying out several financial transactions. In case you do not hold PAN card, you will have to sign Form 60 declaration.

What documents are required to open a bank account in HDFC?

HDFC bank account opening documents requiredProof of Identity – Passport, Driving license, Voter’s ID card, etc.Proof of address – Passport, Driving license, Voter’s ID card, etc.PAN card.Form 16 (only if PAN card is not available)2 latest passport size photographs.Qualification certificate (Optional)

Can I open a bank account without PAN card?

SBI Small Accounts: A Way To Open Bank Account Without Valid KYC Documents. If you over 18 years of age and do not have a valid identity proof or PAN, the State Bank of India (SBI) still allows you to access the banking system.

Is PAN card mandatory for opening bank account in SBI?

The Bank is required to obtain Permanent Account Number (PAN) of the customer or declaration in Form No. 60 or 61 as per the I.T. Act (vide Section 39A) from the person opening the account.

What are the documents required to open PAN card?

Copy of:Voter’s ID card.Passport.Aadhar card.Ration card having Applicant’s photo.Driving License.Photo ID card which are issued by central government, state government or any undertaking of public sector​A certificate issued by a bank that should be duly attested, containing applicant’s photo and the bank a/c number.More items…•

Is HDFC zero balance account available?

You can open a Savings Account, but you don’t have to maintain a minimum balance for it. Despite this, the bank will still provide the usual facilities that come with a regular Savings Account. As the name of the account implies, this is a zero-balance account. … Consequently, there is no penalty in case of zero balance.

How can I open a bank account without any documents?

Driving Licence. Voters’ Identity Card. PAN Card. Aadhaar Card issued by UIDAI and.

What is the age limit for ATM card?

You are able to have a debit card in your name at the age of 16. At 15 years old, you are able to have an ATM card. An ATM card can be used at the ATM only and purchases cannot be made with it. The account must be a joint account with a parent/guardian until you are 17 years old.

What documents I need to open bank account?

A filled-up application form.Identity and address proof such as valid passport, voter ID card, PAN card, permanent driving license, Aadhar card, NREGA job card, or ID card issued by central or state governments, PSUs, scheduled commercial banks.Employment Proof.Latest passport size photographs.