Online PAN verification functionality in Finacle CBS System: SB Order No. 02/2022 |
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Dak
Bhawan, New Delhi – 110001
Dated : 25.01.2022
To
All Head of Circles I Regions
Subject: Introduction of online PAN
verification functionality in Finacle CBS System – Reg.
***
Sir / Madam,
At present, in
Finacle CBS System, the PAN Card of the Depositors are updated as part of KYC
compliance. The PAN Card entered in the system is validated only based on the
standard PAN format i.e. 10 ALPHA Numeric Characters. But the correctness of
the PAN card numbers provided by the Depositors or the PAN entered by the Post
Office officials are not validated with NSDL currently.
2. During the filing of TDS returns, many of the PAN
numbers are not accepted in Income Tax statements due to invalid I wrong PAN,
which leads to complaints from Depositors regarding non availability of TDS
deducted details in Form 26AS of the Depositors. In order to settle these
complaints, the DDOs are required to file correction TDS statements which
unnecessarily put the DDOs and Depositors in trouble.
3. Further, as per Rule 6 of
Govt. Savings Promotion General Rules 2018 (GSPR 2018), w.e.f. 18.12.2019, for
opening of any account in Post Office, submission of either PAN Number or Form
– 60 is mandatory and if Form – 60 is submitted by the customer, PAN Number is
to be submitted by the Depositor without fail, within next six months. If a
depositor who has already opened an account prior to the date of notification
(GSPR 2018) and has not already submitted his Permanent Account Number, the
depositor shall do so within a period of six months from the date of
notification (GSPR 2018) and in the event of the failure of the depositor to
submit the Permanent Account Number within the specified period of six months,
his account shall cease to be operational till the time the depositor submits
the PAN Number.
4. Hence, it has been decided
to restrict the account opening without entering either PAN or Form – 60
details and validate the correctness of the PAN number entered by availing the
facility of online verification of PAN Numbers being provided by NSDL.
Accordingly Finacle CBS System is integrated with NSDL System.
5. Patches have been deployed
in CBS Finacle System to validate the PAN entered at the time of creation and
modification of CIFs of the Customers I Depositors and when any cash
transaction exceeding Rs. 50,000/- is carried out.
6. A detailed Standard
Operating Procedure for online validation of PAN is attached herewith.
7. Checking and validation of
the PAN by the Post Office officials has to be done with care to avoid
mistakes·. Details of the PO users validating the PAN are captured in audit
trials.
8. Circles are requested to
take necessary’ action in this regard and this order may be circulated to all
the Post Offices. ·
9. This is issued with the approval of DDG (FS).
Encl: As above.
(Puneet Bijaraniya)
Asst. Director General (FS·II)
Click here to view SB Order and SOP for Online Validation
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