Post Office Transaction Rules Revised: PAN, TDS and Reporting Changes You Should Know

If you use post office savings schemes, fixed deposits or other financial services, some important tax-related rules have changed from April 1, 2026. The Department of Posts has directed all post offices across India to implement the relevant provisions of the new Income Tax Rules, 2026.
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The changes affect PAN submission, declarations for avoiding TDS, and stricter record-keeping requirements. Here’s a simple breakdown of what customers need to know.

PAN Now Mandatory for Many Post Office Transactions

Post office customers must quote their Permanent Account Number (PAN) for several specified financial transactions.


These include:
  • Opening and operating accounts
  • Investing in small savings schemes
  • Cash deposits of Rs 10 lakh or more in a financial year
  • Cash withdrawals of Rs 10 lakh or more in a financial year
  • Time deposits above Rs 50,000, or exceeding Rs 5 lakh in a financial year
This rule applies when the total amount across one or more accounts crosses the prescribed limits.

No PAN? Submit Form 97

Customers who do not have a PAN can still complete these transactions by filing Form 97.


Form 97 replaces the old Form 60 and requires detailed information such as:
  • Nature of the transaction
  • Personal declaration
  • Name, date of birth and Aadhaar number
  • Residential and office address
  • Mobile number and email ID
  • Details of the transaction
  • Identity, address and date of birth proofs
  • Verification with signature
Without PAN or Form 97, high-value transactions may not be processed.

Form 121 Replaces Form 15G and Form 15H

Those who want to receive certain incomes without TDS deduction must now submit Form 121.

This new common form replaces both Form 15G and Form 15H.

It can be used for income such as:
  • Interest on deposits
  • Pension payments
  • Provident fund withdrawals
  • Insurance commission
  • Rent

Who Can Submit Form 121?

Resident individuals, HUFs and eligible entities can submit Form 121 if their estimated total income for the financial year is expected to be nil.