Mutual fund investors alert: If you have also invested in mutual funds, then there is very important news for you. Tomorrow i.e. 31 March 2022, link your PAN card with Aadhaar, otherwise it will have a direct impact on your mutual fund investment. Please note that the last date for PAN-Aadhaar linking is March 31. During this period, if someone does not link PAN-Aadhaar, then they will not be able to make new investments in mutual funds or withdraw their money. This is because it is mandatory to have a PAN card for such an investment instrument.
Know what will be the effect
If you are investing for the first time in mutual funds or planning to invest in any other scheme for the first time, then your PAN card should be valid. On the other hand, if you are a mutual fund investor but your PAN is invalid, then you will not be able to add additional units to your existing mutual fund investments. To invest in mutual funds, you need to go through two documentation processes. One, you need to follow Know Your Customer (KYC) norms and second, you must have a valid PAN. In such a situation, if your PAN becomes invalid due to non-linking of Aadhaar, then you will not be able to invest in mutual funds.
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SIP will also be affected
If your PAN becomes invalid, then investments made through Systematic Investment Plan (SIP) will also stop. That is, you will not be able to add new units to your mutual fund scheme. If you have invested in any mutual fund scheme, then you will not be able to withdraw the PAN if it is invalid. That is, the redemption requests will be rejected. At the same time, the Systematic Withdrawal Plan (SWP) will also stop.
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Learn how to link PAN Card with Aadhaar Card-
If you have linked your PAN card with Aadhaar, then you can check your status by clicking on this link. For this you have to go to your https://www.incometaxindiaefiling.gov.in/home.
Click on the option ‘Link Aadhaar’ on the left side. Click on ‘Click here’ to view your status.
Click on the hyper link ‘Click here’ to view your status. Here you have to fill your Aadhar and PAN card details.
If your PAN card is linked to Aadhar card, then you will see the confirmation “your PAN is linked to Aadhaar Number”.
If you have not linked Aadhar card and PAN card yet, then you have to click on this link https://www.incometaxindiaefiling.gov.in/home. After that click on “Link Aadhaar”.