Why Do You Indian Bank PAN Number?

How many of you have given a thought to check your bank’s PAN number? Not many, right? The need to check your bank’s PAN has arised after it became mandatory to file tax. Yes, a home loan borrower who wants to avail tax exemption has to submit the lender’s PAN number.

Until now only individuals had to provide their Permanent Account Number (PAN) while filing tax. But, now to get tax exemption a home loan it is required. If you are a home loan borrower and have been planning to file tax before the date ends, you need to keep your Indian bank PAN number ready. Otherwise, you will not be able to get tax exemption.

Those who do not have an existing home loan might not be worried but there is most probably a chance that you will take a home loan. So, just for information you can keep it ready.

SBI PAN Number

State Bank of India (SBI) is the largest financial institution in India. If you plan to take a home loan from this lender or already have a loan, you would need its PAN number for tax filing. The PAN number of SBI is AAACS8577K. So, make sure you get it filled in the form while filing tax.

SBI Home Loan Eligibility-

The eligibility criteria based on which SBI accepts home loan application is mentioned below:

For Salaried:

• Your age must be between 18-70 years
• Your net annual income should be at least ₹1,20,000
• You can get loan amount up to ₹5 lakhs to ₹1 crore
• The minimum work experience required is 2 years

For Self-employed:

• Your age must be between 21-70 years
• Your net annual income should be at least ₹2,00,000
• You can get loan amount up to ₹5 lakhs to ₹2 crores
• The minimum work experience required is 3 years

Documents Required-

The list of documents required for the loan application are as follows:

For Salaried:

• Duly filled loan application
• 3 recent passport size photographs
• Identity proof (Voter ID card/Passport/ Driving license/IT PAN Card)
• Residential proof
• Proof of business address for non-salaried individuals
• Bank statement/Pass Book of last three month
• Signature identification from present bankers
• Personal Assets and liabilities statements
• Original salary certificate from employer
• TDS certificate on Form 16 of IT return for last two financial years

For Self-employed:

• Duly filled loan application
• 3 recent passport size photographs
• Identity proof (Voter ID card/Passport/ Driving license/IT PAN Card)
• Residential proof
• Proof of business address for non-salaried individuals
• Bank statement/Pass Book of last three month
• Signature identification from present bankers
• Personal Assets and liabilities statements
• Acknowledged copies of three years IT return/Assessment orders
• Photocopies of challans evidencing payment of Advance Income Tax

What are all Indian bank PAN number of other banks?

1. Aadhar Housing Finance AAICA4667N
2. Allahabad Bank AACCA8464F
3. Andhra Bank AABCA7375C
4. Axis Bank Limited AAACU2414K
5. Bajaj Finance Limited AABCB1518L
6. Bank Of Baroda (BoB) AAACB1534F
7. Bank Of India (BoI) AAACB0472C
8. Citi Bank AAACC0462F
9. DHFL AAACD1977A
10. HDFC AAACH0997E
11. ICICI Bank Limited AAACI1195H
12. IDBI Bank Limited AABCI8842G
13. IDFC Asset Management Company Limited AACCA3262H
14. Indiabulls Housing Finance Limited AABCI3612A
15. Indusind Bank Limited AAACI1314G
16. Kotak Mahindra Bank Limited AAACK4409J
17. L&T Housing Finance Limited AAACW1328G
18. PNB Housing Finance Limited AAACP3682N
19. Reliance Home Loan Finance Limited AAECR0305E
20. State Bank Of India (SBI) AAACS8577K
21. Tata Capital Housing Finance Ltd AADCT0491L
22. Yes Bank Limited AAACY2068D