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LIC Housing Finance Fined for PAN Linkage Error in Kalaburagi
🗓 19 Jun 2026, 04:32 AM
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LIC Housing Finance has been ordered to correct a PAN linkage error and pay ₹40,000 in compensation to a customer in Kalaburagi. The company faces additional daily penalties if the error is not rectified within 45 days.
A consumer commission has directed LIC Housing Finance to rectify a persistent error related to Permanent Account Number (PAN) linkage for a customer based in Kalaburagi. The financial institution has also been mandated to pay a compensation of ₹40,000 to the aggrieved party.
The commission's ruling specifies a strict timeline for compliance. LIC Housing Finance must correct the PAN linkage issue within a period of 45 days from the date of the order.
Failure to adhere to this deadline will result in further financial penalties. The company will be liable to pay an additional ₹500 per day to the complainant until the error is fully rectified, underscoring the seriousness of the directive.
The commission's ruling specifies a strict timeline for compliance. LIC Housing Finance must correct the PAN linkage issue within a period of 45 days from the date of the order.
Failure to adhere to this deadline will result in further financial penalties. The company will be liable to pay an additional ₹500 per day to the complainant until the error is fully rectified, underscoring the seriousness of the directive.