From government to private: In 3 years, 1.54 lakh J&K Bank accounts were not linked to PAN

5 min readNew DelhiJul 31, 2026 04:35 AM IST The J&K Bank accounts not linked to PAN form less than 1 per cent of the bank’s over-2 crore accounts base. But the range of such accounts, from corporate entities to those linked to government schemes, has brought them under the tax scanner. An Income Tax probe has found that 1.54 lakh accounts were opened with J&K Bank between 2021 and 2024 without any PAN details linked to them. And, deposits in such accounts with transactions touching Rs 15 lakh or more in a financial year totalled Rs 4.88 lakh crore, records investigated by The Indian Express show. So much so that in its final report submitted late last year, the I-T Department said the probe’s findings point to a “systemic failure” and a “significant red flag”, warning that the unlinked ac