Not linked PAN with Aadhaar? Your NPS account can be considered as non-KYC compliant

economictimes.indiatimes.com:

National Pension System (NPS) subscribers should note that your NPS account will be considered as KYC non compliant and there will be limitation on NPS transactions if your Permanent Account Number (PAN) and Aadhaar card are not linked. The Pension Fund Regulatory And Development Authority (PFRDA) in a advisory notice dated March 23, 2023, stated, “Since PAN is the one of the key identification number and part of Know Your Customer (KYC) requirements for NPS accounts, all concerned intermediaries are required to ensure valid KYC for all the subscribers.

All existing subscribers are also required to ensure linking of their PAN with Aadhaar number prior to March 31, 2023(now June 30), for continual and smooth transactions and to avoid consequences of non-compliance with the said CBDT circular, as such NPS accounts would be considered non-KYC compliant, and there could be restrictions on NPS transactions until the PAN and Aadhaar are linked.” According to the PFRDA circular dated May 2, 2023: “In continuation to our earlier advisory dated March 23, 2023 on the captioned subject, the date for linking PAN with Aadhaar has been extended till June 30, 2023 in accordance with CBDT press release dated March 28, 2023.”Who fail to link after July 1, 2023 Taxpayers' PANs will no longer be active starting on July 1st, 2023 if they fail to provide their Aadhaar information as required. During this time, the following repercussions will apply.