We need different identity cards in our daily lives to prove different aspects. For example, the Aadhaar card primarily works as identity and address proof, Voter ID allows you to legally vote for your favourite contestant during an election.
PAN Card is another important identity card that every Indian should have. It helps in financial tasks like opening a bank account, applying for a loan, etc. You would also need it when purchasing a property. In this article, we will explain what is a PAN card, how to apply for a PAN card and more.
What is a PAN Card?
PAN stands for Permanent Account Number, and is an important document that has a record of your name, date of birth, your father’s name, photo and a special PAN number. This 10-digit number is unique and comprises letters and numbers. It keeps track of all the money you earn and invest. So, for all money matters in India, you would certainly need a PAN card. The number on your PAN card stays the same your whole life, irrespective of where you live.
Why is a PAN Card Essential?
Here are some of the reasons why a PAN card is essential:
- To serve as an identity proof
- To open bank accounts
- To file your income tax returns every year
- To apply for a credit card or a loan
- To invest in stocks or mutual funds
- To buy a car, house and other assets
Eligibility Criteria for Obtaining a PAN Card
There are certain conditions you need to fulfil to become eligible to get a PAN Card in India-
- You must be an Indian citizen aged 18 years and above.
- If you are a minor aged below 18 years, then only your parents or guardians can apply for a PAN Card on your behalf.
- NRIs and foreign citizens doing business in India can also apply.
- Big companies, small businesses and partnerships are eligible to apply for a PAN card.
Step-by-Step Guide to Applying for a PAN Card
The application process for a PAN card is simple and hassle-free. You can apply for a PAN card either online or offline. For both, the major steps involved are:
How to Apply For PAN Card Online Via NSDL Website:
Step 1: Go to the NSDL website
Step 2: Select ‘New PAN – Indian Citizen (Form 49A)’ or ‘New PAN – Foreign Citizen (Form 49AA)’
Step 3: Fill in your details like name, date of birth, phone number and email.
Step 4: Upload your photo, signature and documents.
Step 5: Pay the fee online.
Step 6: Submit the form and save the acknowledgement number.
Step 7: Receive your PAN card at your address within a few days.
How to Apply For PAN Card Online Via UTIITSL website:
Step 1: Go to the UTIITSL website.
Step 2: Select ‘PAN Card for Indian Citizen/NRI’ or ‘PAN Card for Foreign Citizen’
Step 3: Click on ‘Apply for New PAN Card’
Step 4: Choose the mode of submission (in this case, Online) and fill in other details.
Step 5: Click on ‘Submit’.
Step 6: Receive the reference number and proceed further.
Step 7: Fill in personal details and upload the required documents.
Step 8: Make the payment.
Step 9: Get your PAN Card issued within a few days.
How To Apply For a PAN Card Offline:
For an offline application, you need to visit a nearby PAN card centre and fill out the application form.
Documents Required for PAN Card Application
The major documents you need to have while applying for a PAN card are:
- Identity Proof – Aadhaar card, voter ID, passport or driving licence.
- Address Proof – Aadhaar card, electricity bill or passport.
- Date of Birth Proof – Birth certificate, 10th mark sheet or passport.
- Registration certificates – For companies or businesses.
Application Fee and Payment Methods
The application fees for a PAN card are as follows:
Indian Address:
- ₹107 – For Physical PAN card (Application submitted at a PAN Centre)
- ₹101 – For Physical PAN card (Application submitted online)
- ₹66 – For an e-PAN (Application submitted online)
Foreign Address:
- ₹1017 – For Physical PAN card (Application submitted at a PAN Centre)
- ₹1011 – For Physical PAN card (Application submitted online)
- ₹66 – For an e-PAN (Application submitted online)
The modes of payment include:
- Debit Card
- Credit Card
- Net banking
- Demand draft
How to Track Your PAN Card Application Status
Once you have applied, you may want to know how to find PAN card status. You can track your status by following easy steps:
Step 1: Visit the same NSDL or UTIITSL website.
Step 2: Click on ‘Track PAN Status’.
Step 3: Fill in your acknowledgement or reference number.
Step 4: Click ‘Submit’ to track your PAN Card application status.
What to do if Your PAN Card is Lost or Damaged?
If you lose your PAN card, here’s how to generate duplicate PAN card easily:
- Go to the NSDL or UTIITSL website
- Select the ‘Reprint PAN Card’ option
- Fill in your PAN details
- Upload your photo and signature again if needed
- Pay the required fee
- Submit
- Receive your PAN Card at your address
How to Change Address for PAN Card?
Here’s how to change the address on your PAN card:
- Go to the NSDL or UTIITSL website.
- Choose the ‘Correction in PAN Data’ or ‘Change PAN Data’ option.
- Fill in your new address.
- Upload your new address proof.
- Pay the fee and submit.
- Get your new PAN card delivered to your updated address.
Conclusion
A PAN card is something you should have in India for all your money matters. However, make sure you keep your PAN card safe as it is not just your identity but also an important document for your finances.
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