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Friday, June 28, 2024

Will banks accept ePAN?


e-PAN and Physical PAN Card Requirements

Understanding e-PAN and Physical PAN Card Requirements

e-PAN is a valid document for various financial transactions and is accepted for opening bank accounts. It provides a convenient and electronic alternative to the traditional physical PAN card.

When a Physical PAN Card is Required

Despite the validity of e-PAN, some banks or financial institutions may still request a physical PAN card as evidence of PAN, especially when opening a bank account or engaging in loan-related activities.

In such cases, if you only have an e-PAN, you will need to convert it into a physical PAN card to meet the requirements of these institutions.

Important: Always verify the specific requirements of the bank or financial institution you are dealing with to ensure that you provide the necessary documentation. If a physical PAN card is required, you can apply for one through the appropriate channels.

If you need assistance in converting your e-PAN to a physical PAN card, please contact the relevant authorities for guidance.

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