KYC is an important process in Banks and one of the important document submitted by customer is PAN (Permanent Account Number). It is important to verify the authenticity of PAN submitted by the customer to establish identity of the customer and also for further tax purposes. Some of the banks have established systems for verification of PAN through their internal applications (by linking them to Income Tax portal) and are limited to verification of PAN but can not search PAN until it is submitted by the customer. Also it can not verify whether ITR has been filed by the customer (may be required for borrower clients)
But some banks may not have or sometime due to one or the other reason internal application may not be working, then how to verify the authenticity of PAN?
Or How to know PAN of a person, if PAN is not submitted?
Let’s know How to verify PAN?
Following is the online PAN verification method, through which you can verify the name of the PAN holder:
The following page will display
That’s all, name of the PAN holder is verified. ‘Union Bank of India’ is the name of PAN holder because we used PAN of UBI.
How to know PAN of a person (Individual, Firm, Company or any other person)? – Read this.
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