Would there be any disadvantages of booking a Fixed Deposit without updating PAN card
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I would recommend you to update your PAN card. If not, you will face the following disadvantages:  

1. TDS will be recovered at 20% (as against 10%)  

2. NO TDS credit from the Income Tax department  

3. NO TDS certificate will be issued (As per CBDT circular no: 03/11)  

4. Form 15G/H and other exemption certificates will be invalid and penal TDS will apply.

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