NIC Asia Bank Urges Customers to Update PAN Immediately! Tax Compliance Made Easy!
Are you a valued customer of NIC Asia Bank? It’s time to take note! NIC Asia Bank is urging all its customers to update their Permanent Account Number (PAN) in their accounts as soon as possible. This is crucial for ensuring tax compliance and a smoother tax filing experience.
As per the Income Tax Act 2058, all bank accounts need to have the PAN information linked to the tax system of the Government of Nepal. This is to ensure that the tax deducted at source (TDS) from your account is properly reported. Don’t worry, NIC Asia Bank has made this process incredibly easy for you!
You can update your PAN in several convenient ways:
- Visit panupdate.nicasiabank.com – a dedicated website to handle your PAN update quickly!
- Use the Mobile Banking App and locate the “PAN update” option – a convenient way to update PAN on the go!
- Visit any NIC Asia Bank branch and submit an application – branch staff are ready to assist you in PAN registration.
Why is updating your PAN so important?
NIC Asia Bank emphasizes that having your PAN updated is essential. It ensures that interest payments from your deposits are properly reported in the E-TDS (Electronic Tax Deduction at Source) records. Once your PAN is updated, the tax deduction details will be automatically matched with the income tax system, and you’ll be able to easily obtain tax deduction certificates and tax clearance certificates. This eliminates the need to visit the bank for these certificates, saving you time and effort!
Important Reminder:
NIC Asia Bank also issued a warning. If the PAN is not updated, and the E-TDS is not filed, or if tax adjustments need to be made in the future, the bank will not be held responsible. If you have provided your PAN previously, but the details aren’t included, you can contact the nearest NIC Asia Bank branch or the customer contact center (Phone: 1660–01–77771, 01–5970101) for assistance. Ensure you update PAN card details today and ensure your tax compliance with NIC Asia Bank. Financial planning is easier with NIC Asia Bank’s support! Update your PAN and stay compliant with tax regulations! Stay up-to-date with banking services offered by NIC Asia Bank!
