By now, a lot of you guys must’ve heard a lot of buzz about the “PAN Card 2.0”. There’s a lot of mystery behind this PAN Card upgrade. Today we are going to solve this mystery and answer all the questions related to this new version of PAN Card. We will cover important things like:
- How to get a new PAN card?
- Is new PAN card free of cost?
- Does new PAN card have QR code?
- What documents are required for PAN card?
- How to apply? complete step
What is a PAN Card?
Most of you must already have heard about PAN cards or already have one. It is a 10-digit unique identification number. It is a card that is provided by the Income Tax Department of India. It is a physical card that contains a person’s name, date of birth, father’s or spouse’s name, and a recent photograph. It is an essential document in India and can be used as proof of identity or address.
How To Get A New PAN Card?
PAN Cards that are already existing even without a QR code will still be valid. However, if you want to update and correct your PAN Card, it will be done free of charge. If you need a new PAN Card, allotment is also done for free under this PAN Card 2.0 project.
Individual needs to apply for it on your email. One needs to check if their card is issued by NSDL (National Securities Depository Limited) or UTIITSL (UTI Infrastructure Technology and Services Limited). This information is mentioned on the back of the card. After knowing about the issuing authority, the applicant needs to follow the given steps. We will discuss these steps in detail below. If one needs to apply offline, you can visit any of the district-level PAN agencies.
Is New PAN Card Free of Cost?
If you require a physical copy, the person has to pay a certain fee. If you are a domestic individual, that is, if you reside in India, you need to pay Rs 50. If you reside outside India, you have to pay ₹15+ charges that India Post will bear during delivery.
Does New PAN Card Have QR Code?
The new PAN card or PAN card 2.0, is a digitalized and upgraded version that has QR functionality. Even though the functions and uses of this QR code are not made clear, it is said that it will help to streamline processes. This step is taken to help reduce reliance on paper and to digitize India further. After E-AADHAR, this is a major step. It is also believed to help with KYC and other things like these.
What Documents Are Required For PAN Card?
There are several documents required if you are applying for the new PAN card. They are as follows:
- Proof of Identity (PoI)
This is required to verify your identity. You can carry one of the following documents for a valid POI.
- Aadhaar Card
- Passport
- Driving License
- Voter ID Card
2. Proof of Address (PoA)
This is required to verify your address. You can provide one of the following documents for a valid POA.
- Bank Statements (Recent ones, usually from the last 3 months)
- Rent Agreement (If applicable)
- Utility Bills (Recent ones, usually from the last 3 months, such as electricity, gas, or water bills)
- Aadhaar Card (If it has the current address)
3. Proof of Date of Birth (DoB)
Required to verify your date of birth. You can provide any of the following documents for a valid DOB.
- Birth Certificate
- School-Leaving Certificate
- Passport
How to Apply? Complete Step
Worried about how to apply for PAN 2.0? Don’t worry, we’ve got your back. Here’s a comprehensive guide on how to apply for PAN Card 2.0.
Check who your issuer is:
As mentioned above, you need to check whether your PAN is issued by NSDL (National Securities Depository Limited) or UTIITSL (UTI Infrastructure Technology and Services Limited). This can be checked on the back of your card. Depending on the issuer, you can go to their respective websites to apply. Let’s take a look at a completed guide of how to apply for PAN through the different websites.
How to Apply PAN Card 2.0 Through The NSDL Website:
Step 1: Go to the official NSDL website
Step 2: Enter details like your PAN number and personal information.
Step 3: Enter the OTP delivery method and validate the details that you have entered.
Step 4: Agree with the terms and conditions.
Step 5: Make the requested payment and finally submit your application.
How to Apply PAN Card 2.0 Through The UTIITSL Website:
Step 1: Go to the official UTIITSL website
Step 2: Enter details like your PAN number and personal information.
Step 3: Check if your email ID is registered.
Step 4: Request for an e-PAN
Step 5: After this, e-PAN will be delivered to your e-mail address.
Benefits of PAN Card 2.0:
We all know there’s a buzz about the new PAN Card. The old card was efficient but the new card comes with its own set of additional benefits that will help the individuals and the taxpayers by a lot. But what are the actual benefits of it? Let’s look at its benefits.
- Enhanced Security
- Streamlined Verification
- Updated Information Maintenance
- Fraud Prevention
- Regulatory Compliance
- Digitized Application Process
- Eco-Friendly Operations Accessibility for Updates and Corrections
Conclusion:
PAN Card 2.0 is a major step towards digitalization and modernization. This will help the people to streamline their processes. It will also help to eliminate the never-ending wait for documentation. It will also integrate KYC, providing a safe and secure option for all the PAN users. It is very different from traditional cards, as they don’t have a QR code. Also, to provide more convenience, the users can opt for an e-PAN instead of a physical copy. This is also a major step taken by the government towards sustainability.
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