My friend ( having below taxable income ) is having bank account in a natioalized bank. Recently he applied for obtaining ATM card but the bank denied to issue ATM card because he is not having PAN card.
If a person not having taxable income, why should he apply for a PAN. And if PAN is not available, ATM is not being issued.
16 February 2013
ITs simple to get a PAN Card these days and PAN is very helpfull this days. Basically there shall be no issues relating to issue of ATM but may be banks internal policies demand a PAN compulsorily. I advise u to get a PAN for ur friend which is a multi purpose proof also.
CAclubindia
