PAN Card for Minor: A PAN (Permanent Account Number) card is an important document for financial activities in India. Just like adults, children too may need a PAN card for various reasons such as investing in mutual funds, opening a bank account, or receiving gifts from family members. Here’s a simple step-by-step guide to help you apply for a PAN card for a minor.
Children might need a PAN card in situations like:
1.Investing in shares, mutual funds, or fixed deposits in their name.
2.For opening a bank account under their name.
3.To receive income in their name which needs to be reported for tax purposes.
4.To be a nominee in financial accounts or insurance.
Documents Required:
Before you start the application process, gather the following documents:
1.Birth certificate of the child as proof of date of birth.
2.Identity proof of the child (Aadhaar card, if available).
3.Address proof of the parent/guardian (Aadhaar, Voter ID, Passport).
4.A passport-size photograph of the child (even though signature is not required for minors).
1. Visit the NSDL website: Go to [https://www.tin-nsdl.com](https://www.tin-nsdl.com).
2. Select the PAN application form: Choose the form for “New PAN – Indian Citizen (Form 49A).”
3. Fill in the details: Enter the child’s information and the parent/guardian’s details.
4. Upload documents: Scan and upload the required documents.
5. Pay the application fee: Use online payment options.
6. Submit and track: Once submitted, you will get an acknowledgment number to track your application.
After processing, the PAN card will be sent to your address. The same PAN number continues even after the child turns 18, but a new card with photo and signature will be required.
Getting a PAN card for your child is simple and can be done from the comfort of your home. It helps in securing their financial future and making them ready for upcoming financial responsibilities.
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