In the banking, investment, and insurance sectors, your Permanent Account Number (PAN) Card is the primary document needed for financial transactions and banking. It acts as your official identification with the Indian Income Tax Department and is required for everything from significant amounts of banking transactions to filing taxes. Additionally, the services you receive may also be restricted, which could negatively impact your overall banking experience.
Documents Required for PAN Card Applications
To apply for a PAN Card, you must submit the following documentation:
- Verification of identification
- Provide proof.
- Evidence of birthdate
- A registration certificate
PAN Card Benefits
A PAN Card must be used to do the following:
- It acts as proof of identity.
- Getting a bank account opened.
- To deposit income tax returns.
- For the acquisition or disposal of property with a minimum appraisal of Rs. 5 lakh.
- To send in credit card and loan applications.
- Any amount paid more than Rs. 25,000.
- Depositing a min. of Rs. 50,000 into a bank account.
Application Fees for PAN Cards
Mode of Physical Expression
- India’s physical PAN card costs Rs. 107;
- The candidate’s e-PAN card was sent to the candidate’s email address for Rs. 72
- Outside of India: Rs. 1,017 for a physical PAN card
Mode of Paperless
- India’s physical PAN card costs Rs. 101
- The candidate’s e-PAN card is sent to their email address for Rs. 66.
- Outside of India: Rs. 1,011/- for a physical PAN card
Steps to Apply Offline for a PAN Card:
- Form 49A can be downloaded from the NSDL e-Gov website.
- Fill in the details on the application.
- Sign the application and include a photo of yourself.
- Turn everything in at the PAN center nearby.
- Cover the application cost.
- Utilizing the acknowledgment number, you can monitor the status of your application.
Steps to Apply Online for a PAN Card:
- Visit the official website.
- After selecting the appropriate application format, click “Apply Online”.
- Finish the online application. As you choose the right application type and category, double-check that the applicant’s information is correct.
- Please provide the required documents as scanned copies, including proof of identity, address, and date of birth.
- Use an online payment method to complete the required amount.
- Upon payment completion and receipt, the form can be submitted.
- After submission, the portal will provide a 15-digit acknowledgment number. Note down this number for later reference.
- Next, fill out the application form and attach your photos.
- Enclose the application and the necessary documentation, then mail it to the specified address.
FAQ:
- Q: How can I get a personal PAN card application?
- Ans: One may apply for a personal PAN Card online at the official NSDL or UTIITSL websites, or offline at a PAN application facility.