Data sourced from the Income Tax Department of India suggests that approximately 19.6 million new PAN cards were issued to applicants in our country from the end of FY.2017 to beginning of FY.2019. This indicates the importance of PAN cards among new taxpayers in India.
PAN is considered as an essential identification document and is vital for monetary exchange, one of which mainly includes opening an account at your desired financial institution. In case you lose your PAN card due to theft or misplacement, it can cause unanticipated troubles.
For such a scenario, the National Securities Depository Limited maintains both offline and online methods with the help of which you can learn how to apply for lost PAN card.
How to get a duplicate PAN card?
As mentioned above, you can apply for a duplicate PAN card through an offline as well as an offline process. Both the procedures are discussed below –
- Offline process
You can opt for a PAN card reissue offline by consulting the following steps –
Step 1 – Visit the official website of NSDL and download the ‘Reprint PAN card’ application form. This form can also be found under the ‘Changes/Correction in existing PAN data’ section.
Step 2 – Fill up the application form and make sure to input your ten-digit Permanent Account Number for further reference.
Step 3 – Along with this application form, attach self-attested copies of the necessary KYC documents, two cross-signed passport-sized photographs and the payment fee and send it via mail to your nearest NSDL centre.
Step 4 – You will be receiving a 15-digit acknowledgement number in your registered mobile number which you can use to track the status of your duplicate PAN card application process.
A duplicate PAN card will be sent to your registered address within two weeks of verification of your KYC documents. Thus, you get to know how to apply for a lost PAN card through an offline process.
- Online process
You can also opt for a duplicate PAN card online apply with the help of the following steps –
Step 1 – Visit the official website of NSDL and click on ‘Apply Online’.
Step 2 – Next, select ‘Application Type’ and click on the ‘Changes or correction in existing PAN card’ or ‘Reprint of PAN Card’ option from the drop-down menu.
Step 3 – Fill up the application form with necessary information as required, such as contact number, email address, etc.
Step 4 – A token number will be issued, which will also be sent to your registered email ID.
Step 5 – Moving on, you are required to submit essential KYC documents for identity verification which can be done through e-KYC, linking your PAN with Aadhar, manually sending self-attested photocopies of the required documents via post to a registered NSDL centre.
Step 6 – Next, you can choose between a physical copy of your PAN card or an e-PAN after which you need to provide essential information under the ‘Contact and other details’ and ‘Document details’ section.
Step 7 – Next, you will be redirected to a payment gateway where you will need to pay the required duplicate PAN processing fees. Once the payment is completed, you will be given a 15-digit acknowledgement number to check the status of your application.
Just like the offline process, a duplicate PAN Card will be sent to your address within two weeks of applying for a reprint. Hence, with these above steps, you get to learn how to apply for a lost PAN card online.
In order to avoid paying the re-issuance cost of the PAN card, you can opt for a Wallet Care plan which is offered by Bajaj Finserv under their Pocket Insurance & Subscriptions. With the help of such an insurance policy, you can claim reimbursement for a reprint of your lost PAN card.
You can also opt for another card protection plan such as the purse care policy which offers further financial security if your personal belongings are lost due to theft or misplacement during your travels.
Moreover, losing your PAN card or other wallet contents can make you vulnerable to fraudulent activities done under your name. For such cases, it is advised to purchase an identity theft insurance cover as it offers monetary reimbursement up to a certain amount as a result of fraudulent activities done through your PAN, Aadhar and other details. With the help of these insurance plans and government-initiated PAN reprint methods, individuals can carry essential IDs during their travels without any worries.