Kumari Bank Urges Customers to Update PAN Details for Tax Compliance and E-TDS Processing

19th April 2026, Kathmandu

In a move to align with the latest regulatory frameworks and simplify tax management for its patrons, Kumari Bank Limited has issued a vital notice regarding the update of Permanent Account Number details.

Kumari Bank PAN Update

As the digital landscape of banking in Nepal evolves, staying compliant with the directives of Nepal Rastra Bank has become a priority for both financial institutions and their clients. The Kumari Bank PAN Update is not just a procedural formality but a necessary step to ensure that your interest income and tax deductions are recorded accurately within the national revenue system.

According to the unified directive issued by the central bank of Nepal, all banks and financial institutions are now mandated to collect and verify the PAN details of individuals who maintain fixed deposits exceeding 500,000. This threshold is set to monitor high value transactions and ensure that the interest earned on these significant deposits is taxed appropriately under the current legal framework. By integrating your PAN with your bank account, you are essentially creating a bridge between your personal savings and the Inland Revenue Department, which facilitates a transparent financial ecosystem.

The primary reason for this requirement lies in the Electronic Tax Deduction at Source system. Under the Income Tax Act 2058, banks are responsible for deducting tax on interest income earned by depositors. However, without a linked PAN, these tax deductions remain anonymous in the government database. Once a customer completes the Kumari Bank PAN Update, every rupee deducted as tax is automatically credited to their personal tax record in the IRD system. This automation is incredibly beneficial for taxpayers, as it simplifies the process of reconciling tax deductions and makes obtaining a tax clearance certificate much faster and more efficient.

Failure to provide this information can lead to several complications for the account holder. Without a recorded PAN, the tax paid at the source may not be verifiable under your name, leading to incomplete tax records. This can cause significant inconvenience when you are filing annual returns or if you need to prove your tax compliance for legal or business purposes. Essentially, the Kumari Bank PAN Update ensures that your hard earned money is accounted for correctly and that you receive full credit for the taxes you have already paid.

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To make this transition as smooth as possible, Kumari Bank has introduced multiple channels for updating information. For those who prefer the convenience of digital solutions, the bank has integrated a PAN Update feature directly into its mobile banking application, known as Kumari Smart. This allows users to submit their details from the comfort of their homes without the need for physical paperwork. Alternatively, customers can visit any of the numerous Kumari Bank branches located across Nepal to speak with a customer service representative who can facilitate the update manually.

Furthermore, the bank has addressed a common concern where customers may have already submitted their PAN but still find that their tax records are missing or incomplete. In such instances, the bank encourages these individuals to contact their nearest branch immediately for a resolution. Clear communication between the bank and its customers is essential to rectify any technical glitches in the E-TDS reporting process. For additional support, the bank has also made its dedicated helpline available at 01 5970499, where staff can guide users through the update process or answer specific queries regarding tax documentation.

This initiative is a reflection of Kumari Banks broader commitment to digital transformation and regulatory excellence. By urging customers to act promptly, the bank is helping them avoid future administrative hurdles. As the government of Nepal continues to tighten its tax administration through digital tools, having an updated PAN across all financial platforms is no longer optional for serious investors and depositors. It is a proactive measure that secures your financial standing and ensures that your relationship with the bank remains seamless and transparent.

In summary, the Kumari Bank PAN Update is a vital task for any customer with significant savings or fixed deposits. It ensures that your interest income is properly documented, your taxes are accurately reported, and your financial reputation remains intact. By leveraging tools like the Kumari Smart app or visiting a local branch, you can complete this requirement in just a few minutes. Taking this small step today will save you from potential tax related stress tomorrow, allowing you to enjoy the benefits of your investments with total peace of mind. Consistent compliance with Nepal Rastra Bank directives not only strengthens the banking sector but also empowers individual taxpayers to manage their finances with greater clarity and confidence.

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