Is it mandatory to link a credit card with Aadhaar?

As of my knowledge cut off, it is not currently mandatory to link your credit card with your Aadhaar. However, the government of India has been encouraging individuals to link their credit cards with Aadhaar as a means of improving transparency and reducing fraud.

Linking your credit card with your Aadhaar can be done by visiting your bank or card issuer’s website and submitting a request to link the two accounts. You will need to provide your Aadhaar number and other relevant information, such as your credit card number and expiry date.

It’s worth mentioning that linking your credit card with your Aadhaar is not mandatory, however, it may be beneficial in the long run. It can help you to have your credit history in better shape as well as have easy access to various government schemes and benefits.

However, before linking your credit card with your Aadhaar, it’s important to ensure that your personal information is up to date and correct on both your credit card and Aadhaar accounts to avoid any confusion or rejection of the linking request.

Difference between credit card and pan card.

A credit card is a type of payment card that allows the cardholder to borrow money from the issuer up to a certain limit to make purchases or withdraw cash. The cardholder repays the borrowed amount, along with interest and any other fees, over a specified period of time.

A Permanent Account Number (PAN) card, on the other hand, is a unique 10-digit alphanumeric identifier issued by the Indian Income Tax Department to individuals and entities for tax purposes. PAN is mandatory for financial transactions above a certain threshold, for opening a bank account, and for filing income tax returns in India.

In short, a credit card is used for borrowing money to make purchases or withdraw cash, while a PAN card is used for identification and tax purposes in India.

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