"Act Now or Face Consequences: 20 Tasks You Can't Do Without Linking PAN Aadhaar by March 31, 2023"

 

The deadline to link your PAN Card with your Aadhaar Card is fast approaching. If you haven't linked them yet, you could face difficulties and be deprived of various government services. As per the latest notification by the Income Tax Department, the deadline to link PAN and Aadhaar is March 31, 2023. Those who fail to link their cards within this period will have to pay a fine of Rs. 1000. If the cards are still not linked, the PAN card may even get cancelled automatically, leading to numerous inconveniences.

Here are the 20 tasks that you won't be able to perform if your PAN and Aadhaar cards are not linked:

1. You won't be able to make any savings or investments, and all government project funds will be frozen.
2. You can't open a new account in any Indian bank without a PAN card.
3. You can't invest in mutual funds without linking PAN and Aadhaar.
4. Updating the bank passbook or checking the balance will be inconvenient.
5. Any fixed deposit in any bank will become useless.
6. You can't invest in the stock market without PAN Aadhaar link.
7. You can't register any trust or NGO in your name.
8. There will be huge problems in buying or selling property.
9. You can't open a new demat account.
10. Payment issues may arise for those currently employed and drawing a pension.
11. There may also be problems in joining a new job.
12. All types of insurance will be affected.
13. You will face problems if you take a loan to buy a new car or expensive items.
14. If your Aadhaar and PAN cards are not linked, you cannot sell your old car.
15. You can't apply for a new credit card without a PAN card.
16. Any work related to bank drafts and checks will be inconvenienced.
17. You cannot make or receive payments of more than Rs.50,000 at a time.
18. You cannot take any new loan from the bank.
19. Banks and various financial institutions will have problems doing KYC without PAN Aadhaar link.
20. You cannot transfer money through any online app.

To avoid facing any of these problems, make sure to link your PAN and Aadhaar cards by March 31, 2023, and check the status after a few days. Don't miss out on these important tasks!