Mutual Fund News: Whether it is the banking sector or the transactions related to income tax, it has been made mandatory to link PAN card and Aadhar card among themselves. In the case of investments also, many times it is said to link PAN and Aadhaar. If you invest in mutual funds, then it becomes necessary to combine these two here too.
If you have not yet linked your PAN and Aadhar card (PAN-Aadhaar Link), then do this work before 31st March. If your Aadhaar-PAN card is not linked by March 31, then it will affect mutual fund investment. Because after this date your Aadhar card will become invalid. And then you will neither be able to make new investments in mutual funds nor will you be able to withdraw your money. It has been made mandatory to mention PAN card for investing in mutual funds.
Know what are the disadvantages
If your PAN card and Aadhar card are not linked with each other in time, then you may have to face many problems. If you are investing in mutual funds then your PAN card should be valid. Apart from this, if your PAN card has become invalid, then you will not be able to add additional units to the existing mutual fund investment or exit from there.
Impact on SIP
If you invest in mutual funds through SIP i.e. Systematic Investment Plan and your PAN card becomes invalid, then your SIP investment will also stop. You will not be able to add new units to the mutual fund scheme. In this way your Systematic Withdrawal Plan (SWP) will also stop.
How to link your PAN with Aadhaar
To link PAN and Aadhar, you have to visit the Income Tax e-filing website www.incometaxindiaefiling.gov.in/home. Here you will see the option of Link Aadhar like above on the left. Click on it. Now you will get an option to enter some information. Here you have to enter your PAN card number, Aadhar card number, name and mobile number. After filling all the details enter the captcha code. After doing all this click on Link Aadhar. By clicking here, your PAN card will be linked with Aadhar card. Its information will also be visible on your screen.
Link Aadhaar and PAN with message
You have to send SMS to 567678 or 56161 from your registered mobile number. You can write UIDPAN
If your Aadhaar number is 123456654321 and PAN card number is ATSPS7580T then you have to type UIDPAN 123456654321ATSPS7580T in the message. In this way your PAN card will be linked with Aadhaar number.
Tags: Aadhaar, Aadhaar Card, Mutual funds, PAN-Aadhaar linking
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