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Whether PANCARD is require for opening account in bank?

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Chapter No. 11 - PERMANENT ACCOUNT NUMBER [SECTION 139A and RULE 114]

Whether PANCARD is require for opening account in bank?

Answer : Yes, PANCARD is mandatory for opening of account in Bank [139A(5)c) and Rule 114B] .No limit is mentioned elsewhere.

Dated: 15-12-2015

Manual - Permanent Account Number (PAN) - Section 139A - General Provisions

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