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rajeshronny
rajeshronny
7 years ago

Dear Nitin, By mistake I had 2 pan cards and i surrendered the old one few weeks back but now i realize that I have 2 tax saving FDs from that Pan card. Do I will need the old pan card while redeeming these tax saving FDS after 5 years and Is there anything can be done because amount is quite high??

Someone told me that old pan card data will be transferred to the new pan card is it true?

Thanks

Nitin Bhatia
Nitin Bhatia
7 years ago
Reply to  rajeshronny

You have not mentioned whether tax savings FD are linked to your bank account or are standalone. Secondly, the surrendered PAN is linked to bank account (if FD is linked to bank account).

rajeshronny
rajeshronny
7 years ago
Reply to  Nitin Bhatia

Dear Nititn,

Yes these tax saving FDs are linked to my SBI savings account and the surrendered PAN card is also linked to that account. I have not updated the new pan card with this account yet because of this confusion.

I really appreciate your help and looking to get an answer fast.

Thanks

Nitin Bhatia
Nitin Bhatia
7 years ago
Reply to  rajeshronny

You don’t have too many options. In my opinion you can inform the bank that PAN updated in your account is not correct and request them to update your new PAN in the records to avoid any future hassle. After that wait for bank’s response.

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