Pan quoting

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71 Points Joined February 2011
In case of withdrawal from saving account in excess of 50,000/- quoting pan is mandatory or not?
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On 21 September 2016 at 22:26 Report
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Chartered Accountant
8487 Points Joined August 2010
I think, it's not.
Let others also reply.
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On 21 September 2016 at 22:40
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Practice
3235 Points Joined August 2009
its only in case of deposit not in case of withdrawal..
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On 21 September 2016 at 22:47
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FCA
997 Points Joined July 2016

As per RBI rules for saving bank account,with effect from Jan1,2016 ...qouting of PAN is mandatory for cash deposits exceeding Rs.50000 at one go or Rs.5 lakh in a year with banks,post offices or NBFC's...

Thus ,there is no such mandation for withdrawl.

 

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On 21 September 2016 at 23:02


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