Bank PAN Number

It will be of surprise for many to know that banks also have a PAN number assigned to them, which is the same for all account holders. The Bank PAN Number is a 10-digit number that incorporates numeric and alphabetical patterns making a unique sequencing. The major reason for the assignment of a Bank PAN number is to provide provisions for its customers to avail of various tax and home loan exemptions. As per Section 24B of the Income Tax Act 1961, if an individual is trying to lower their tax liability by showing that they are paying home loan interest, they must provide their lender PAN details to the Income Tax Department. 

This guide brings information about the Bank PAN numbers, their uses, and a list of all banks with their PAN numbers. 

List of Bank/Home Loan Providers’ PAN Numbers

Here is a list of all the banks and their respective PAN numbers. 

Need for Lender PAN to Avail Home Loan Benefits

To understand the need for a PAN number of the bank, one needs to understand the Income Tax Act of 1961, and in particular, section 24B. Section 24B states that one can claim tax benefits on the interest paid for a housing loan. However, to complete the process, one must provide the PAN Card number of their respective lender bank to the Income Tax Department.