The conversation between human and AI assistant.
Will I face any difficulty if my savings bank account is not linked to a PAN card?
I have a question regarding my savings bank account. Will I face any difficulty if it is not linked to a PAN card?
Yes, it is mandatory for individuals to link their PAN card with their savings bank account as per the guidelines issued by the Reserve Bank of India. Failure to do so may result in restrictions on certain transactions like cash deposits and withdrawals beyond a certain limit.