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PAN Procedure

Every Indian citizen entering a financial transaction in India is mandatorily required to have a Permanent Account Number. It is the sole identification number for the purpose of tax payments and investments.

What is a PAN Card?

Stands For:Permanent Account Number (PAN)

Contains:10 alphanumeric numbers

Issued by:The Income Tax Department

Managed by:UTI Investor Services Ltd. (UTIISL)

 The National Securities Depository Limited

 (NSDL)

Validity:Lifetime

 

Why apply for an NRI PAN Card?

An NRI PAN Card is required for almost all transactions of which some are:

  • Paying taxes on Indian income under the Income Tax Act, 1961
  • Investing in securities per the Securities and Exchange Board of India (SEBI)*
  • Investing in Mutual Fund schemes for all existing and prospective investors
  • Opening an account through the enhanced Know Your Customer ('KYC') procedure**
  • Purchase and sale of property in India
  • Purchase and payments of vehicles
  • Securing a telephone connections
  • Making time deposits in a bank worth over Rs.50,000

* Securities and Exchange Board of India (SEBI) Circular dated April 27, 2007 for all transactions irrespective of the amount with effect from July 2, 2007
** For any investment or transaction equal to or more than Rs. 50,000/- under the Prevention of Money Laundering Act, 2002

 

PAN Application

 

How to Apply for an NRI PAN Card?

  • Read Instructions to fill Form 49A, the application form for a PAN.
  • Select a convenient method to access the form
 
 

How to Apply for an NRI PAN Card?

  • Read Instructions to fill Form 49A, the application form for a PAN.
  • Select a convenient method to access the form
    1. Online form submission through UTITSL
    2. Download form from the Income Tax, UTIISL and NDSL websites.
    3. Collect form locally from IT PAN Service Centres or TIN Facilitation Centres
  • Attach required proofs and make the payment.
 

Convert Currency

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Apply for NRI PAN

  • Why do I need a PAN?
    Every NRI must have a Permanent Account Number to trade or invest in India for almost all transactions.

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