Kathmandu. NIC ASIA Bank has requested its customers to update their permanent account number and email address in their accounts. As the tax deduction statement from the bank’s customers has to be linked to the Permanent Account Number System issued by the Government of Nepal, Ministry of Finance, Inland Revenue Department as per the “Income Tax Act 2058”, the customers can update their PAN as soon as possible by tapping on the “PAN Update option” on the bank’s portal panupdate.nicasiabank.com or mobile banking app.
In addition, the customers can apply for PAN update in their account from any branch office of the bank convenient to them. PAN is essential for recording the tax deducted from the depositor’s interest payment from this bank.
After the PAN is updated, their tax deduction details are entered in that PAN, so the income tax system automatically adjusts the tax deduction details in Schedule 10. The bank believes that this will make it easier for the customers to get tax clearance certificates and tax clearance certificates and also end the need to visit banks to get tax clearance certificates.
The bank has also informed all the customers that the bank will not be responsible in case the interest tax has not been deposited in ETDS due to non-updating of PAN and further adjustment in interest tax has to be made.
In addition, the bank requests its customers to update their email address in their accounts. Customers of the bank will be able to update their email address as soon as possible by tapping on the bank’s video KYC https://www.nicasiabank.com/video-kyc/ or My Profile on the mobile banking app.
Arrangements have been made for the customers to apply to update their email address in their account from any branch office of the bank convenient to them. Also, if the bank has not provided PAN details or has not updated its email address, contact the nearest branch office or customer contact center at 1660-01-77771, 01-5970101.
