How To Apply For A New PAN Card Incase You’ve Lost It? Follow Complete Steps

If you have lost your PAN card and now searching for how to apply for a new one then the article is going to help you for sure. Well, a PAN card is one of the most mandatory things to keep with you in your documents list and now it has become a must-have thing in your folder. But along with having the PAN card this small plastic card comes with many roles and since it is announced that every Indian individual has to link his/her PAN card with an Adhaar card, people are searching for the same and getting keen to know more about the topic.

Although, you would hardly find someone saying he/she does not know what this card is all about. However, new people who just turned 18 and are now eligible for applying can read here. So, a PAN (Permanent Account Number) card is an important identification document issued by the Indian Government to track the financial transactions of individuals and organizations. It is a 10-digit alphanumeric number that is unique to every PAN cardholder. A PAN card is mandatory for conducting various financial transactions in India.

What is a PAN Card?

Although, if we talk about what this card is all about then no doubt there is a quite big definition of the word in easy words, a PAN card is a vital document for Indian citizens that serves as identity proof and a tax identification number. It is issued by the Income Tax Department of India. A PAN card contains the following information about an individual:

• Name of the PAN cardholder
• Father’s Name of the PAN cardholder
• Date of Birth of the PAN cardholder
• Photograph of the PAN cardholder
• Signature of the PAN cardholder
• PAN number of the PAN cardholder

Why is PAN Card Mandatory?

You all must be wondering why everyone says to get this card as soon as possible. Well, it is nothing but a mandatory document that you have to keep in your pocket. A PAN card is mandatory for conducting several financial transactions such as opening a bank account, investing in mutual funds, purchasing property, making cash deposits exceeding Rs. 50,000, and filing income tax returns. A PAN card is also required for obtaining a passport, applying for a loan, and obtaining a credit card.

How to Apply for a New PAN Card?

People often choose to apply this on their own sitting at home and therefore they all keep searching about the steps for applying for the card. So, if you are thinking to apply for the card then the process of applying for a new PAN card can be done online through the NSDL (National Securities Depository Limited) or UTI (Unit Trust of India) portals. The steps for applying for a new PAN card are as follows:

• Visit the NSDL or UTI portals.
• Click on the ‘Apply for New PAN Card’ option.
• Fill in the required personal details such as name, date of birth, and address.
• Upload the required documents such as proof of identity and proof of address.
• Pay the applicable fee.
• Submit the application.

After submitting the application, an acknowledgment receipt with a 15-digit unique acknowledgment number will be generated. The applicant can use the acknowledgment number to track the status of their PAN card application.

Also, Read Central Govt Extends The Dates For Linking PAN Card

What if You Lost Your PAN Card?

Now, the most searched thing is, how to reapply for a PAN card in case you lost it. So, as you all know that it is a mandatory document and it is not a big thing if you lost this or forgot it anywhere. And not only for the lost card but also you can easily apply for a duplicate PAN card. The process for applying for a duplicate PAN card is as similar to applying for a new PAN card. The steps for applying for a duplicate PAN card are as follows:

• Visit the NSDL or UTI portals.
• Click on the ‘Apply for Duplicate PAN Card’ option.
• Fill in the required personal details such as name, date of birth, and address.
• Upload the required documents such as proof of identity and proof of address.
• Pay the applicable fee.
• Submit the application.

After submitting the application for a new one there would be the same scenario or better say steps that you already have followed for a new card. The applicant can use the acknowledgment number to track the status of their duplicate PAN card application. It is important to safeguard your PAN card as it contains sensitive personal information. In case of loss or damage to your PAN card, it is advisable to apply for a duplicate PAN card immediately.