A minor PAN card is a Permanent Account Number (PAN) card that is issued to a minor, i.e., a person below the age of 18 years. PAN cards are issued by the National Securities Depository Limited (NSDL) and the Central Board of Direct Taxes (CBDT).
A minor PAN card is required for a variety of activities, such as:
Opening a bank account
Investing in shares or mutual funds
Buying a property
Applying for a loan
Paying taxes
The process of applying for a minor PAN card is similar to the process of applying for a regular PAN card. The minor's parents or guardians can apply for the card on their behalf. The following documents are required to apply for a minor PAN card:
Proof of identity: A copy of any one of the following documents can be submitted as proof of identity:
Aadhaar card
Passport
Ration card
Government-issued photo ID card
Driver's licence
Voter ID card
Proof of age: A copy of any one of the following documents can be submitted as proof of age:
Birth certificate
School leaving certificate
Passport
Voter ID card
Proof of address: A copy of any one of the following documents can be submitted as proof of address:
Electricity bill
Water bill
Telephone bill
Rent agreement
Aadhaar card
The application for a minor PAN card can be submitted online or offline. The online application can be submitted through the NSDL website. The offline application can be submitted at any NSDL or UTIITSL office.
The processing time for a minor PAN card is usually 15-20 working days. The PAN card will be sent to the minor's parent or guardian by post.
Here are some of the benefits of having a minor PAN card:
It helps to track the minor's financial transactions.
It helps to prevent tax evasion.
It makes it easier for the minor to open a bank account, invest in shares or mutual funds, buy a property, apply for a loan, or pay taxes.
If you are a parent or guardian of a minor, you should consider applying for a minor PAN card for them. The card will help them to comply with the law and will make it easier for them to participate in the financial system.
Apply for a minor PAN card easily online/offline. Facilitates banking, investments, property purchase, and tax compliance.
If you want to apply PAN card, apply through this link https://pancardonlineindia.com/