Your Mutual Fund SIPs will be affected if PAN and Aadhaar not linked till June 30

If your PAN is not linked with Aadhaar, the SIP will become invalid or inoperative because of which your KYC will remain incomplete. The government has fixed the date for PAN-Aadhaar linking on June 30, 2021. If you cannot link the two, then you have to give a penalty of Rs 10,000 under the Income Tax Act.

Do you invest in Mutual Funds through SIP? If yes, then this piece of news is very important for you. Also, it's advisable to link your PAN and Aadhaar card by June 30 so that the SIP of your mutual fund will be stopped. If your PAN is not linked with Aadhaar, the SIP will become invalid or inoperative because of which your KYC will remain incomplete. The government has fixed the date for PAN-Aadhaar linking on June 30, 2021. If you cannot link the two, then you have to give a penalty of Rs 10,000 under the Income Tax Act.