NIC Asia Bank Urges Elite Customers to Update PAN Details for Tax Deductions

NIC Asia Bank Limited (NICA) requests its elite customers to update their Permanent Account Number (PAN) in their accounts as per the "Income Tax Act 2058." Customers can update their PAN through the bank’s portal (panupdate.nicasiabank.com) or mobile app (NIC ASIA MoBank).

This update is necessary for accurate tax deduction records and to ensure that E-TDS (tax deducted at source) details are properly entered. The bank also provides an option to apply for PAN renewal at any branch. Failure to update the PAN may result in issues with tax filings, and the bank will not be responsible for any tax discrepancies. Customers can contact the nearest branch or customer service for assistance.