In the hustle and bustle of student life, acquiring a PAN card may not be at the top of your to-do list. However, it is a crucial step towards financial responsibility and compliance. This guide will walk you through the process of obtaining a PAN card for students, shedding light on the documents required, the online application process, and the transition from a minor PAN card to a major one.
PAN card for students
A PAN card, or Permanent Account Number card, is a unique 10-character alphanumeric identifier issued by the Income Tax Department in India. While often associated with income tax purposes, it has become an essential document for various financial transactions, making it imperative for students to have one.
Documents required for PAN card for students
Students applying for a PAN card need documents for three things: Proof of identity, address, and date of birth. If you are above 18, you will need one document from each category (e.g., Aadhaar for ID, bank statement for address, and school certificate for birth date). Minors only need proof of date of birth (birth certificate). Remember, these are just examples - there are other acceptable documents.
Converting minor PAN card to major
Many students might already have a PAN card issued during their childhood. However, as you turn 18, it is time to convert your minor PAN card to a major one. The process is simpler than you might think. Head over to the official NSDL or UTIITSL website, select the 'PAN card services' tab, and then choose 'Reprint of PAN card.' Fill in the necessary details to convert it to a major PAN card.
Online application process to apply for a student PAN card
The PAN card application process is now streamlined and online. Follow these simple steps:
- Visit the official portal: Go to the official NSDL or UTIITSL website to start your application.
- Select Form 49A: As a student, you will fill out Form 49A for Indian citizens. If you are an NRI, opt for Form 49AA.
- Fill in the details: Carefully fill in personal details, including your full name, date of birth, and contact information.
- Upload documents: Scan and upload the necessary documents - proof of identity, address, and date of birth.
- Make the payment: Pay the applicable fee online. As of now, it is around Rs. 115 for Indian residents.
- Get the acknowledgement details: After successful payment, you will receive an acknowledgement with a 15-digit acknowledgement number. Keep this number handy for future reference.
- Complete th verification process: The application goes through a verification process, and upon successful verification, your PAN card will be sent to the address mentioned in the application.
Apply for student PAN card – Offline process
Here is how to apply for a PAN card as a student without using the internet:
- Grab the form: Visit your nearest NSDL/UTIITSL office or PAN centre and pick up Form 49A (PAN application form).
- Fill it out right: Carefully read and follow the instructions provided on the form itself to ensure accurate completion.
- Gather your documents: Make copies of the required documents like ID proof, address proof, and photographs (refer to the centre for specific requirements).
- Submit and pay: Visit the same NSDL/UTIITSL office or PAN centre again. Submit your filled form, document copies, and the application fee.
- Track your application: You will receive an acknowledgement number to check the status of your PAN card application online later.
- Delivery time: Once verified, your PAN card will be mailed directly to the address mentioned in your application form.
Use of PAN card for students
Now that you possess a PAN card, you might wonder about its utility during your student life. Here are a few scenarios where your PAN card comes in handy:
- Bank transactions: Many financial institutions, including banks, require your PAN card for various transactions like opening a bank account or fixed deposit.
- Scholarships and fellowships: If you are receiving a scholarship or fellowship, your PAN card is often required for tax purposes.
- Part-time jobs: As a student, if you engage in part-time jobs or internships, your employer may ask for your PAN details for tax deduction purposes.
- Investments: Whether it is investing in stocks or mutual funds, having a PAN card is a prerequisite for most financial investments.
In conclusion, obtaining a PAN card is a crucial step for students, facilitating financial transactions and compliance with tax regulations. The process is now more accessible than ever, thanks to the online application system. So, do not procrastinate. Get your PAN card today and embrace financial responsibility in your student journey.
