Some lesser-known, interesting facts about PAN card

Business

13 Mar 2019

#FinancialBytes: 5 lesser-known facts about PAN card everyone should know

The Permanent Account Number (PAN) card has become one of the most essential documents to have.

Issued by the Income Tax Department, PAN consists of a 10-character alphanumeric number and serves as an identity proof. Nowadays, PAN is necessary for all major financial transactions.

While everyone does know a few things about it, here are some lesser-known, interesting facts to know about PAN card.

#1

Anyone can apply for PAN, including minors and foreigners

Anyone can apply for PAN, including minors and foreigners

There is no minimum or maximum age requirement to apply for PAN card allotment. It can be issued to all citizens; even minors can get a PAN card provided they furnish the required documents.

A PAN card can be issued to an NRI, a foreigner, or a foreign company, too, if they intend to enter into a financial transaction in India.

#2: Applicants can get their PAN allotted quickly (Tatkal)

Those applying for a PAN can also get it allotted on a priority basis. All they have to do is submit their PAN allotment application online (on NSDL or UTIITSL website) and pay the processing fee for the PAN card through a nominated credit card.

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#3

Furnishing father's name in PAN application not mandatory

Earlier, applicants were required to furnish father's name in PAN application form which was also printed on the PAN card.

However, as per a new rule which came into effect on 5 Dec'18, applicants can now choose whether they want the name of their father or mother on the card.

If the applicant's mother is a single parent, furnishing father's name isn't mandatory.

#4

The 10-digit alphanumeric PAN reveals cardholder's information

The 10-digit alphanumeric PAN reveals cardholder's information

The 10-character unique alphanumeric PAN has alphabets as the first five characters, followed by four numerical digits and an alphabet.

The fourth character of PAN reveals the cardholder's status: P for a person, C for companies, F for firms, A for associations, T for trusts and so on.

Meanwhile, the fifth character of a PAN represents the first letter of the cardholder's surname.

#5: Cardholders can know their PAN issue date

PAN card holders can easily know their PAN issue date too; the vertical digits printed on the lower-right side of a card, next to the cardholder's photo reveal the date (in DDMMYYY format) on which that particular PAN was issued by the Income Tax Department.

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Most asked questions

Can I change my DOB in PAN Card more than once?

I applied for PAN card by NSDL 6 months before but didn't get it till now. I still have its acknowledgement number. How can I get my PAN card now?

More questions

Can I change my DOB in PAN Card more than once?

Asked 2019-03-14 00:57:23 by Debashish Roy

Answered by NewsBytes

Yes, you can change your date of birth more than once in your PAN card.

I applied for PAN card by NSDL 6 months before but didn't get it till now. I still have its acknowledgement number. How can I get my PAN card now?

Asked 2019-03-13 08:12:22 by Narendra Singh

Answered by NewsBytes

If you still have the acknowledgment number, you can easily track down your PAN card. Visit the web portal of NSDL and under the 'Track PAN Card Application Status', enter your 15-digit acknowledgment number. Click on 'Submit' and you can see the current status of your card.

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