What happens if I miss the December 31, 2025 PAN–Aadhaar deadline?

Your PAN can become inoperative from January 1, 2026. You will not be able to place new buy orders, apply for IPOs, or make fresh mutual fund investments. Higher TDS/TCS may apply until you link. Existing holdings stay safe, and selling or redemption is allowed.

Can I sell shares if my PAN is inoperative?

Yes. You can sell existing stocks, ETFs, and mutual fund units, and withdraw funds as per broker policy. New purchases, pledges, margin setups, and KYC changes are likely blocked. Once your PAN is linked and shows operative status, normal trading and account features resume.

How do I check my PAN Aadhaar link status?

Use the Income Tax e-filing portal to check status and complete linking with your PAN, Aadhaar, and mobile OTP. Follow on-screen steps, pay the applicable late fee if shown, and save the acknowledgment. Place new orders only after your status shows operative across broker and depository systems.

How long does reactivation take after linking?

Processing is not instant. After you complete the link and pay the fee, allow some time for the change to reflect on the e-filing portal, then across brokers and depositories. Re-login to your broker app, refresh KYC if asked, and apply for IPOs only after status shows operative.

Law and Government

December 31: PAN-Aadhaar Deadline Threatens Trading and IPO Access

ByHuzaifa Zahoor December 31, 2025December 31, 2025

The PAN Aadhaar link deadline is today, December 31, 2025. If you miss it, your PAN can turn inoperative from January 1, 2026. That means no new stock purchases, no IPO applications, and no fresh mutual fund investments until you reactivate. Existing holdings stay safe, but higher TDS/TCS may apply. Active investors could miss allocations or quick trades. Check your PAN Aadhaar link status now, finish the process, and pay the applicable fee if prompted. Acting today keeps your trading, tax, and KYC activity smooth in 2026.