AMFI said that all mutual fund investors will have to link their Aadhaar and PAN before June 30.
In a notification to investors, AMFI said that it is important to link Aadhaar and PAN as early as possible. The last date to link the two is June 30, 2021, said AMFI.
According to the government, PAN card would become inoperative if people fail to link their Aadhaar and PAN before stipulated period. Since PAN is mandatory in mutual funds, investors’ MF folio may also get inactive if they fail to link the two on time.
Please note that PAN is needed to get a KYC compliance. KYC is compulsory to invest in stock markets and mutual funds.
Here is the link step-by-step process to link PAN with Aadhaar:
- Visit incometaxindiafiling.gov.in and register on it
- Your clients can log in by putting their PAN as user ID, creating new password and keying in date of birth
- A pop up window will appear, prompting your clients to link PAN with Aadhaar. If not, go to ‘Profile Settings’ on Menu bar and click on ‘Link Aadhaar’
- Your clients will see their name, date of birth and gender on the page. All they need is to verify these details with ones mentioned on Aadhaar
- If there is a mismatch, they need to get the details corrected in either of the documents
- If the details match, enter your Aadhaar number and click on the “link now” button
- A pop-up message will inform you that your Aadhaar has been successfully linked to your PAN
- Alternatively, your clients can also visit https://www.utiitsl.com/ OR https://www.egov-nsdl.co.in/ to link their PAN and Aadhaar
