PAN will be considered invalid or inoperative if it is not linked with Aadhaar by the due date of the deadline. Holding an inoperative PAN will be similar to not having a PAN. So in such case you will need to face several consequences such as: Difficulty in opening bank accounts, or any financial accounts or applying for Credit Card, Loans, etc. You will be restricted for financial transactions wherever quoting PAN is mandatory Higher TDS rate on cash withdrawals and interest income