Tax Deducted at Source (TDS) – Requirement of Permanent Account Number (PAN)

The Finance (No.2) Act, 2009 had introduced a new section 206AA in the Income Tax Act with effect from 1 April 2010, which provides that any person, whose receipts are subject to deduction of tax at source, shall mandatorily furnish his PAN to the deductor. Otherwise TDS at higher rate will be deducted. This is applicable to non-residents also. It also provides that PAN so furnished shall be indicated in all correspondence, bill, voucher and other documents which are exchanged between the both the deductee and the deductor.
Form no.15G or 15H furnished (for getting interest without TDS, applicable to persons other than companies, firms and non-residents) without mentioning the correct PAN of the depositor will not be accepted from 1 April 2010 onwards. In order to help our customers and the general public, Federal Bank Branches are now empowered to collect PAN Applications from Resident customers. We do not accept PAN card applications from NRI customers.
Applying for PAN is in your best interest.
  • You are not liable to file Income Tax return unless you have taxable income.
  • You will be charged less TDS on furnishing your PAN.
  • If you are having tax exemptions, PAN is a must.
  • It will serve as an identity proof.

Steps involved

  • You can collect the application form from any of our Branches or the same can be downloaded from our website.
  • Complete the application form, affix a photo and submit it to your nearest Federal Bank Branch.
  • Only a Pass Sheet with minimum two customer-induced transactions in the last six months signed by the Bank Official is sufficient.
  • If the account is not having customer induced transactions in the last six months, then you can submit copy of any other Identity Proof/Address proof (list of documents given in Page No.4 of Application Form).
  • We will be accepting application for PAN from resident customers only.
  • Submit the completed application form to your Branch. All relevant fields should be filled up.
  • The Branch will verify the address given in the application and match it with that is registered in our system.
  • Instructions for filling up the application are available in the application form itself. (Pages 3 & 4)
  • Remit an amount of Rs.105/- (Rupees One Hundred and Five Only) at the time of submission of the application. You can give a cheque favouring the bank for this amount.
  • You will be provided a signed acknowledgement. The Processing Fee Coupon number will be intimated separately wherever mobile numbers are available.
  • When the PAN Cards are ready they will be despatched to you direct.


Download Form 15-GDownload Form 15-HSubmit Form 15G/15H Online