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    <title>Income-tax Rules amended to provide that bank shall obtain and link PAN or Form No. 60 (where PAN is not available) in all existing bank accounts (other than BSBDA) by 28.02.2017</title>
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    <description>Income-tax Rules now require banks to obtain and link PAN or Form No. 60 in all existing bank accounts (except BSBDA) by 28.02.2017, with an RBI mandate restricting withdrawals from accounts holding substantial balances if PAN/Form No. 60 is not provided. Banks and post offices must report specified cash-deposit information for defined periods, and persons required to obtain PAN/Form No. 60 must record and quote it in all documents and reports submitted to the Income-tax Department.</description>
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