What do I do if there is name mismatch in PAN and Bank account?
If the name on your PAN card does not exactly match the name on your bank account or address proof, FYERS will require an additional document to validate your identity and meet regulatory standards.
Why name matching is important
SEBI and KYC regulations mandate that the name on your PAN card must match with the name on your supporting documents like:
- Bank account statement or cancelled cheque
- Address proof documents (e.g., Aadhaar, utility bills)
This ensures that your identity can be verified accurately and prevents discrepancies that may delay account activation or transactions.
What to do if the names don’t match
If there's a mismatch between your PAN and bank/address documents, you must provide a bank-issued declaration stating:
- The PAN cardholder and the bank account holder are the same individual
- The declaration should be on official bank letterhead, signed, and stamped
This helps FYERS verify your identity in line with compliance guidelines.
What If:
| Scenario | What You Should Know |
|---|
| Minor spelling variation | You may still be asked to submit a bank declaration to confirm identity |
| Completely different name formats | Strongly advised to update documents to match or provide bank certification |
| Bank refuses to issue declaration | Consider updating your PAN or bank records to align before reapplying |
Use the same name format consistently across all your documents to avoid delays in account processing or rejection.
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