Pan Card For Minor: How To Apply Pan Card For Child, Documents Required And Why Is It Important
The PAN Card for the minor under the age of 18 is structurally the same, only difference being that it does not carry the card holder's photograph or signature.
Why Is A Pan Card For Minor Important?
Once a person becomes 18, they create a PAN card because it is the age at which they usually open a bank account too. Having a PAN card proves to be beneficial for a minor for a variety of reasons as it can be used as valid proof of date of birth. Minors can easily become nominees for shares, properties, or financial assets.
Pan For Minor To Be Created By Parents
For youngsters under the age of 18, a PAN card can be created. However, only the child's parents may submit an application on their behalf.
PAN card Application For Minor Child
You will receive a receipt number after submitting the application, which you can use to follow your ward's PAN card application.
PAN Card For Minor Delivered After Verification
The PAN card typically arrives at the address you provided within 15 days following a successful verification.
Here's how to apply for PAN Card for your minor kid
Step 1: Visit the official website of National Securities Depositories Ltd.
Step 2: Enter the required details.
Step 3: Select the correct category for applying PAN cards for minors.
Step 4: Pay the PAN card registration fee of Rs 107 and submit the application form.
Here’s the list of documents needed to apply for a PAN card for your kids
Address and proof of identity of the parents of the minor will be required
The address and proof of identity of the applicant is also required
Guardian of the minor can submit Aadhar Card or Ration Card or Passport, Driving License or Voter ID as proof of identity.
Aadhaar card, post office passbook, property registration document or original residence certificate can also serve as address proof.
Importance Of Having A Pan Card
A PAN card is required for opening a bank account, Demat account, taking a loan, buying a property, investing in bonds and other financial facilities offered by the government, among others. The document is also accepted as valid identity proof.
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