A PAN number is a 10-digit alphanumeric code issued by the Income Tax Department of India. Although widely common for the public, banks and other financial institutions also have a PAN number assigned to them.
As per Section 24B of the Income Tax Act, individuals now need their bank’s PAN number to claim tax deductions on the interest on their home loans. Apart from this, you also need this little detail for various purposes, like TDS, avoiding overtransactions, and sometimes even for larger transactions.
Read more to find out your bank’s PAN number and how to benefit best using the information.
| You need your bank’s PAN number to claim tax deductions on your home loan’s interest. |
List of All Banks’ PAN Number
Here is a comprehensive list of bank PAN numbers and their respective banks:
| Bank / Home Loan Providers Name | PAN Number |
|---|---|
| Aadhar Housing Finance | AAICA4667N |
| Andhra Pradesh Grameena Vikas Bank (Apgvb) | AAAJA1351N |
| Andhra Pragathi Grameena Bank (Apgp) | AAMFA8921A |
| Axis Bank Limited | AAACU2414K |
| Bank Of Baroda (BoB) | AAACB1534F |
| Bank Of India (BoI) | AAACB0472C |
| Bank of Maharashtra | AACCB0774B |
| Bajaj Finance Limited | AABCB1518L |
| BMW India Financial Services Private Limited | AADCB8986G |
| Canara Bank | AAACC6106G |
| Canfin Homes Limited | AAACC7241A |
| Central Bank Of India | AAACC2498P |
| Citi Bank | AAACC0462F |
| City Union Bank Limited | AAACC1287E |
| Dahod Urban Co.Op. Bank Ltd. | AAAAT2915L |
| DCB Bank Limited | AAACD1461F |
| Telangana Grameen Bank | AAAAD3893M |
| Deutsche Bank | AAACD1390F |
| Dewan Housing Finance Corporation Limited (Dhfl) | AAACD1977A |
| Federal Bank | AABCT0020H |
| Gic Housing Finance Limited | AAACG2755R |
| Gruh Finance Ltd. | AAACG7010K |
| Haryana Gramin Bank | AAKAS1464M |
| HDFC | AAACH0997E |
| HDFC Bank Limited | AAACH2702H |
| Himachal Pradesh State Cooperative Bank Limited (Hpscb) | AABFH7694E |
| Housing & Urban Development Corporation Ltd. | AAACH0632A |
| Housing Development Finance Corporation Limited (HDFC) | AAACH0997E |
| HSBC | AAACT2786P |
| ICICI Bank Limited | AAACI1195H |
| ICICI Home Finance Company Ltd | AAACI6285N |
| IDBI Bank Limited | AABCI8842G |
| IDFC FIRST Bank Limited | AADCI6523Q |
| India Bulls | AABCI3612A |
| India Infoline Housing Finance Ltd | AABCI6154K |
| Indiabulls Housing Finance Limited | AABCI3612A |
| Indian Bank | AAACI1607G |
| Indian Overseas Bank (IOB) | AAACI1223J |
| IndusInd Bank Limited | AAACI1314G |
| J&K Grameen Bank | AAAAJ7859H |
| Jharkhand Gramin Bank | AAAAJ3908R |
| Kangra Central Cooperative Bank | AAAJT0749B |
| Karur Vysya Bank (Kvb) | AAACH3962K |
| Kotak Mahindra Bank Limited | AAACK4409J |
| Kurukshetra Central Cooperative Bank Ltd. (Kccb) | AAAAT2371G |
| L&T Fincorp Limited | AAACI4598Q |
| L&T Infrastructure Finance Company Limited | AABCL2283L |
| LIC Housing Finance Limited (LIC HFL) | AAACL1799C |
| Oriental Bank of Commerce | AAACO0191M |
| PNB Housing Finance Limited | AAACP3682N |
| Power Finance Corporation Limited | AAACP1570H |
| Punjab & Sind Bank | AAACP1206G |
| Punjab National Bank (Pnb) | AAACP0165G |
| Ratnakar / Rbl Bank Ltd | AABCT3335M |
| Reliance Home Loan Finance Limited | AAECR0305E |
| Saraswat Co-Op. Bank Ltd | AABAT4497Q |
| Sardar Bhiladwala Pardi Peoples Co.Op. Bank Ltd | AABAS4480Q |
| Standard Chartered Bank | AABCS4681D |
| State Bank of Bikaner And Jaipur (SBJJ) | AADCS4750R |
| State Bank of Hyderabad (SBH) | AADCS4009H |
| State Bank of India (SBI) | AAACS8577K |
| State Bank of Mysore (SBM) | AACCS0155P |
| State Bank of Patiala | AACCS0143D |
| State Bank of Travancore | AAGCS9120G |
| Syndicate Bank | AACCS4699E |
| Tata Capital Housing Finance Ltd | AADCT0491L |
| Tata Capital Ltd | AADCP9147P |
| Tata Motors Finance Limited | AACCT4644A |
| The Hazaribag Central Co-Operative Bank Ltd. | AABTT0908K |
| The Hongkong & Shanghai Banking Corporation Limited | AAACT2786P |
| The Karnataka Bank Limited | AABCT5589K |
| The South Indian Bank Limited | AABCT0022F |
| UCO Bank | AAACU3561B |
| Union Bank Of India | AAACU0564G |
| United Bank Of India | AAACU5624P |
| Yes Bank Limited | AAACY2068D |
Bank PAN Numbers after Bank Merger
Some banks merged with others and now use the same PAN number as the merger. These are:
| Bank | Merged with |
|---|---|
| Allahabad Bank | Indian Bank |
| Andhra Bank | Union Bank |
| Corporation Bank | |
| Dena Bank | Bank of Baroda |
| Vijaya Bank | |
| ING Vysya Bank | Kotak Mahindra Bank |
| Syndicate Bank | Canara Bank |
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Importance of Bank PAN Numbers
For individuals, knowing the PAN number of their bank can hold a lot of benefits.
This information is necessary if you are planning to claim income tax returns. PAN numbers are used to track and deduct TDS (Tax Deduction at Source) interest earned on deposits. This feature helps prevent double taxation on deposits by linking transactions to the correct entity.
PAN numbers of banks can also help you verify the authenticity of your bank or financial institution, as any profiting institution has to have a PAN number registered.
In short, as a customer, the Bank PAN number is important for you because,
- Essential for claiming tax deductions
- Helps verify TDS deductions on fixed deposit
- Helps verify bank/financial institution authenticity
- Necessary for property registrations and high-value transactions.
- It can aid in resolving tax errors and legal disputes.
Steps to Check Bank PAN Numbers
There are multiple ways for you to check your bank’s PAN number. Some of them are:
1. From the official website.
On your bank’s official website, check for ‘Tax Information’, ‘Disclosures’, ‘Investor Relations’, or in the “Official Address’ details.
2. Check the TDS certificates
If you have earned interest on your fixed deposits or any other investments from the bank, you will be issued a TDS certificate. You can find your bank’s PAN on the certificate.
3. Contact customer care service
As one of the easiest methods, you can directly contact the customer care service of your bank and enquire about the PAN number. Find your bank’s customer care number.
4. Check your property loan documents
If you have taken a property loan or other financial product from the bank/financial institution, you can find the PAN number of the institution mentioned in the loan agreement.
5. Visit the nearest branch
You can enquire directly at the nearest branch for all the necessary details, including the PAN number of the bank.
Benefits of Knowing Bank PAN Number
A PAN number for banks can be useful to customers as much as it is for the banks themselves. Here are the top benefits of knowing bank PAN numbers for customers:
- Claim tax deductions: Knowing a PAN number for the Bank can help you claim home loan tax benefits on interest and principal payments.
- Verify TDS reductions: Customers can verify and reduce unwanted tax deductions on their fixed deposits and report them in their tax filings.
- Avoid overtaxation: Prevents excess TDS deductions by ensuring accurate tax submissions.
- Confirm bank authenticity: A PAN number for the bank can be used to verify if the financial institution is legitimate. This can protect you from fraud.
- Simplify property registration: This is a necessary detail required for legal documentation when buying a property with a home loan.
- Compliance for Large Transactions: Needed for high-value transactions (above ₹50,000) like large deposits.
- Resolve tax disputes: Helps fix errors in TDS certificates or during Income Tax Return (ITR) filing.
- Manage multiple loans: A PAN number of the bank can be helpful to keep your financial records clear when dealing with multiple banks and loan providers.
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