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PAN Assistance

PAN Assistance

PAN Assistance

PAN Assistance

Branch Network

The Bank facilitates the application and collection of your PAN card so as to enable you to be compliant with the tax laws in India.

As per the directive from the Central Board of Direct Taxes, any individual investing an amount equal to and above Rs 50,000 in Bank deposits, Post Office deposits, Mutual Funds or Stock Markets etc., must possess a Permanent Account Number (PAN), issued by the Tax authorities. The Income Tax authorities have also made PAN compulsory for Demat Account holders, including minors, trusts, foreign corporate bodies, banks, corporate bodies, FIIs and NRIs.

Accordingly, w.e.f 1 April, 2006, PAN card proof is compulsory for the purpose of opening a new Demat Account for existing Demat Account Holders.

Keeping in view these latest directives and to enhance customer satisfaction, we have launched a special service for our NRI customers to facilitate them to obtain a PAN issued by the Income Tax Authorities.

Documentation required along with the application forms.

  • Duly completed PAN Card application form
  • Photocopies of the relevant pages of the passport bearing photograph, name, date and place of birth, signature, passport details and local address
  • Photocopy of the valid visa
  • One recent coloured photograph (3.5cm X 2.5 cm) affixed on the PAN application
  • Letter addressed to Axis Bank, authorising collection of PAN Card on behalf of the customer and debiting their savings bank account for the applicable charges. (Annexure I).
  • Authority Letter addressed to UTITSL to deliver the PAN card to Axis Bank Ltd., Vashi Branch or its representative. (Annexure II)

All the above photocopies have to be self attested by the applicant and also attested and verified from the original by the Manager Operations or Extension Counter Heads at the Branch or Extension Counters or by the Representatives specially catering to NRI customers at UAE or Qatar.

Charges as mentioned below would be recovered by Vashi branch

Status of Applications Applications from NRI Customers located in Gulf Region Applications from NRI Customers located in other geographies
Processed Rs 1,000 per application + applicable taxes Rs 1,200 per application + applicable taxes
Rejected Rs 250 per application + applicable taxes Rs 250 per application + applicable taxes

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