India, Dec. 23 -- As the last date to link Aadhaar with PAN Card nears, people are rushing to link the two identification cards. Those who fail to link their PAN and Aadhaar cards by December 31 would attract a late fee of Rs. 1000.

Furthermore, those who did not link their PAN and Aadhaar also face a risk of their PAN card becoming inoperative.

As per the rules, linking is mandatory for everyone. For those applying for a new PAN card, the rules mandate an Aadhaar-based verification.

After the December 31 deadline of linking the PAN and Aadhaar, the late fee will also apply to cases where PAN and Aadhaar IDs exist but have not been linked.

Further, UIDAI earlier introduced provisions for digital Know Your Customer (KYC) processes this...