CBDT Press Release dated 17th Nov. 2016: Transactions in Relation to which Quoting PAN is Mandatory. The list under Rule 114B as on date requiring PAN to be quoted includes the following banking transactions.
a) Deposit with a banking company or a co-operative bank in cash exceeding fifty thousand rupees during any one day.
b) Purchase of bank drafts or pay orders or banker’s cheques from a banking company or a co-operative bank in cash for an amount exceeding fifty thousand rupees during any one day.
c) A time deposit with a banking company or a co-operative bank or a Post Office
d) Opening an account [other than a time-deposit referred to above or a Jandhan / Basic Bank Deposit Account] with a banking company or a co-operative bank.
