If you are filing an income tax return, opening a bank account, or planning to invest in various financial instruments, you will quickly realise that a PAN card is essential. Many people think only adults above 18 years can get a PAN card, but that’s not true. Even children can have their own PAN card, known as a Minor PAN Card. According to the Income Tax Act, parents can get a PAN card for their child, and only the parents are allowed to use it until the child turns 18.
There are no special restrictions for minors to get a PAN card. The process is straightforward, but once the child becomes an adult, it’s important to update the PAN card details by adding a signature and a photograph, as these are not present on the Minor PAN Card.
Why Should You Get a Minor PAN Card?
- Investment: If you want to invest in your child’s name, you will need a PAN card.
- Nomination: If you want to name your child as a nominee in your investments, a PAN card is necessary.
- Bank Account: Opening a bank account for your child also requires a PAN card.
How to Apply for a Minor PAN Card – Step-by-Step Guide
- Visit the NSDL Website: Start by going to the official NSDL website.
- Start Your Application: Click on the “Online PAN Application” link.
- Select the Right Option: Choose “New PAN – Indian Citizen (Form 49A)” and select “Individual” as the category.
- Enter Details: Fill in your child’s full name, date of birth, phone number, email address, and other required information.
- Complete Captcha: Enter the captcha code and click “Submit.”
- Note Your Token Number: After submission, you will receive a token number on the screen. Make sure to note it down and click “Continue with PAN Application Form.”
- Choose Document Submission: Select “Forward application documents physically” in step 3.
- Verify Information: Enter the last four digits of your Aadhaar card and your name to check the details you have entered.
- Add Parent and Income Details: Fill in the minor’s parent information, income details, and other required information.
- Submit and Pay: Click on “Submit” and pay the application fee of ₹107.
- Download Your PAN Card: After verification, you can download the PAN card online. The process usually takes about 15 days.
Documents Needed to Apply for a Minor PAN Card
You will need any one of the following documents:
- Aadhaar card
- Ration card
- Post office passbook
- Domicile certificate
Getting a PAN card for your child is easy, and it opens up many opportunities for future financial planning and security. Start the process today and give your child a head start in managing their finances.
