Are you an Indian Citizen? Do you do business in India? You must have an NSDL PAN card made mandatory in 2005 to invest in any capacity in the Indian economy.
The NSDL PAN became mandatory in India in 2005. NSDL stands for the National Securities Depository Limited and PAN stands for permanent account number. For any Indian national to be able to invest in the Indian economy they must have a PAN card.
Getting a PAN card is a straight forward procedure. You apply at the NSDL or via their website. You need to verify your address, father’s name and furnish a recent color photo of yourself with the application process. There is a nominal application fee as well.
It is important that you correctly spell or make note of the spellings you have used in the application process if you wish to track your PAN Card Status by name and date of birth via the NSDL website. The surname portion of the name section of the application form is the only mandatory part of the name. If you only have one name and it is your first name, then you will need to use your first name as the surname.
In addition, how to get a duplicate PAN card is also a straight forward procedure and is very similar to the application for obtaining an original PAN card. Your card might have been lost, stolen, never arrived in the mail or have incorrect data attached to it. You can either apply for a reprint of the card or for a reprint of the card with new data attached to it. Again, there is a nominal application fee for this process.
In both cases you will be given a 15-digit acknowledgement number. It is highly advised if not required (online application process) to make note and print this acknowledgement number. The online process requires you to print this form and attach a recent color photo of yourself to it and mail it to the NSDL.
If your PAN card is a reprint due to being lost, stolen or never arriving, you will need to file a report with local authorities. This process is to protect you from abuse of the card if it falls into unfriendly hands.
You can check your Pan Card Status by name and date of birth online whether you are applying for the first time or if you are following the procedure as to how to get duplicate PAN card. It is your responsibility to obtain a NSDL PAN card if you wish to do business in India.
Published in: Personal Finance