. NIC ASIA Bank has requested its customers to update their Permanent Account Number and Email Address in their accounts.
As the details of tax deducted from the bank’s customers’ accounts have to be linked to the Permanent Account Number System issued by the Government of Nepal, Ministry of Finance, Inland Revenue Department as per the “Income Tax Act 2058”, customers can update their PAN as soon as possible by tapping on the “PAN Update” option on the bank’s portal panupdate.nicasiabank.com or mobile banking app.TAG_OPEN_p_13 In addition, customers can apply for PAN update in their account from any branch of the bank convenient to them.
TAG_OPEN_p_12 PAN is essential for showing the tax deducted from this bank on the interest payment to the depositor in the E-TDS record. After the PAN is updated, their tax deduction details are entered in that PAN, so the income tax system automatically adjusts the tax deduction details in Schedule 10. The bank believes that this will make it easier for the customers to get tax deduction certificate and tax clearance certificate and will not only eliminate the need to visit the bank to get the tax clearance certificate.
The bank informs all the customers that the bank will not be responsible in case of non-payment of interest in e-TDS due to non-updating of PAN and further adjustment in interest tax thereafter.
TAG_OPEN_p_10 Also, customers of Yes Bank are requested to update their email address in their accounts. Customers of the bank can update their email address as soon as possible by tapping on the bank’s video KYC https://www.nicasiabank.com/video-kyc/ or My Profile on the mobile banking app (NIC ASIA MoBank) and selecting Change Email. Arrangements have been made for the customers to apply to update their email address in their account from any branch office of the bank convenient to them.
