What should I do if there’s a name mismatch between PAN and bank account?

What should I do if there’s a name mismatch between PAN and bank account?

When opening a FYERS account, your name must match exactly across all submitted documents. If the name on your PAN card differs from your bank account or address proof, FYERS will request additional documentation to complete KYC verification.

Matching names is a regulatory requirement

As per SEBI’s KYC regulations, the name on your PAN must match the name shown on your:

  • Bank account (statement or cancelled cheque)
  • Address proof documents (e.g., Aadhaar, utility bill, passport)

This requirement ensures that identity verification is accurate and consistent across all records. Discrepancies can delay account processing or result in rejection.

Submitting a bank-issued declaration for name mismatches

If the names on your PAN and bank/address documents don’t match, you must provide a signed and stamped declaration from your bank. This document should:

  • Be printed on the bank’s official letterhead
  • Clearly confirm that the PAN holder and the bank account holder are the same individual
  • Include your PAN and bank account details

This helps FYERS validate your identity in line with compliance requirements and avoids delays in onboarding.

Use the same name format across your PAN, bank account, and address documents. Consistency reduces the chance of rejection or processing delays.

What if…

ScenarioWhat you should know
Minor spelling variationA bank-issued declaration may still be required to confirm identity
Completely different name formatsStrongly recommended to update documents or submit certified proof from the bank
Bank refuses to issue the declarationYou may need to update your PAN or bank records before proceeding with your FYERS application

Last updated: 14 Aug 2025

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