Muthoot Securities, promoted by Muthoot M. George Group, has tied up with UTI Infrastructure Technology and Service Ltd to act as income-tax PAN service centre.
The company will accept PAN card application through all Muthoot Finance branches. In the South, Muthoot Securities has so far issued 2,50,000 PAN cards. It is now plans to extend this service to the North-East and western States.
“There is an unfounded fear in the minds of many people that once they apply for PAN card, they will be subjected to the scrutiny of I-T Department. This has to be dispelled…”, George Alexander Muthoot, Managing Director, Muthoot Finance, said in a release.