look news india
New Delhi: Post Office Scheme: Post Office Savings Schemes offer good interest to investors. Money remains safe in these. For this reason people prefer to invest in post office savings schemes. Investment terms and conditions may vary along with returns. However one rule is the same for every customer. That is to give information about PAN and Aadhar card.
Changes in post office investment rules
To invest in any post office scheme, it is necessary to provide PAN card and Aadhar card information. If there is any difference between these two documents like name or date of birth then you are not eligible to invest in the post office scheme.
Core Bank Solution System has been integrated with Proteus e-Governance Technologies Limited for PAN card identification. Information obtained by protein process. Based on that, the PAN card is validated in Finacle. Recently the post office had issued a notification. Accordingly, the PAN verification system was amended with effect from May 1, 2024.
Post office will double check the details
The post office will verify the customer's information with the Income Tax Department. Besides, through this it will also be checked whether the name and date of birth matches with Aadhaar or not. If both the details do not match in cross check then the customer cannot invest.
There will be loss due to lack of PAN-Aadhaar link!
If you have not linked your Aadhar card with PAN, then get it done. These are also the disadvantages of not linking Aadhaar with PAN card. Due to this you will not be able to get the benefits of government schemes. Additionally, you will not be able to invest in insurance, mutual funds or other schemes. If you file income tax return then the refund will also not be credited to the account.
