A PAN card is an essential document in India for financial transactions, whether it’s filing income tax returns, opening a bank account, or making investments. Many people assume that only adults can get a PAN card, but that’s not true! Even children under 18 can have one, known as a Minor PAN Card.
Issued under Section 160 of the Income Tax Act, a Minor PAN Card allows parents or guardians to manage financial activities for their child. However, keep in mind that parents are the ones authorized to use it until the child turns 18. After that, the PAN card must be updated with the child’s signature and photo.
Why Get a PAN Card for Your Child?
A Minor PAN Card might seem unnecessary at first, but it offers several benefits:
- For Investments:
If you plan to invest in your child’s name or designate them as a nominee for any investment, a PAN card is mandatory. - To Open a Bank Account:
A PAN card is required when opening a savings account for your child in most banks. - Building Financial Awareness Early:
Having a PAN card introduces your child to financial systems and ensures they are ready for future responsibilities.
Steps to Apply for a Minor PAN Card Online
Getting a PAN card for your child is a straightforward process. Follow these simple steps:
- Visit the NSDL Website:
Go to the official website and click on “Online PAN Application.” - Choose the Right Form:
Select “New PAN- Indian Citizen (Form 49A)” and choose “Individual” under the category section. - Enter Basic Details:
Fill in your child’s name, date of birth, phone number, email address, and other required details. - Submit the Captcha:
Enter the captcha code and click “Submit.” A token number will appear on your screen. Note this down for future reference. - Continue the Application:
Click “Continue with PAN Application Form” and choose “Forward application documents physically.” - Provide Aadhaar Details:
Enter the last four digits of your Aadhaar card and verify all the pre-filled information. - Fill in Additional Details:
Enter the minor’s parent or guardian information, income details, and upload required documents. - Pay the Fee:
Complete the application by paying ₹107 (₹120 including GST). - Download the PAN Card:
After verification, the PAN card will be ready for download online within 15 days.
Documents Required for Minor PAN Application
Ensure you have these documents handy while applying:
- Aadhaar Card: For identification and address proof.
- Ration Card: If Aadhaar is unavailable.
- Post Office Passbook: Serves as additional proof of address.
- Domicile Certificate: To confirm residential status.
Key Points to Remember
- A Minor PAN Card does not include the child’s photo or signature. Once your child turns 18, you must update the PAN card with their photo and signature.
- Applying online saves time and effort, but ensure all details are accurate to avoid delays.
- The process is safe, reliable, and promotes financial planning for your child’s future.
By getting a Minor PAN Card, you’re not just following a requirement—you’re setting up your child for financial success and preparing them for the responsibilities of adulthood. Start the application process today and secure a brighter tomorrow!
