Link PAN with Aadhaar before March 31, NSE warns investors
NSE of India has advised investors to link their PAN with their Aadhaar number by March 31, 2022, for continuous and smooth transactions in the stock market.
PAN-Aadhaar Linking: The National Stock Exchange of India has advised investors to link their Permanent Address Number (PAN) with their Aadhaar number by March 31, 2022, for continuous and smooth transactions in the stock market. It is very important for the account holders to do this work in order to trade without any problem in the market.
The NSE warned that if the investor has not yet linked his PAN card with the Aadhar card, then after March 31, 2022, he/she will not be able to do a new deal. Apart from this, the investor will not even be able to cut his open position because March 31 is the last date to link PAN card with Aadhaar. In such a situation, the problems of investors without a link may increase later.
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In the year 2017, the government had announced that it would be necessary to link PAN with Aadhaar. The government has increased this deadline many times before, but this time the expectation of an increase in deadline is very less.
PAN is the only identification number for all transactions in the stock market. This is the reason why it is very important for investors to link their PAN card with Aadhaar.
Here's the process of how to link the Aadhaar card with PAN online:
Step 1: Visit incometax.gov.
Step 2: Login or Register yourself
Step 3: Click on 'Link Aadhaar'
Step 4: Fill in the details and submit
Step 5: After this the Income Tax Department will start the process of your link.
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