How to Apply for PAN Card 2.0: A Complete Step-by-Step Guide

The PAN which is Permanent Account Number has also been revamped with the new form known as the "PAN Card 2.0" which is primarily an online card designed towards easing tax-related complications and also the integration of the unserved populace. This guide helps you understand how PAN Card 2.0 works, its benefits, and why it will revolutionise individual and business identification.  

What is PAN Card 2.0?

PAN Card 2.0 is an upgraded version of the regular PAN card introduced by the Indian government to make it more secure and efficient. It includes digital features to better manage financial activities for both individuals and businesses.

Check the List of Aadhar Card Centers in Delhi 2024

Benefits of PAN Card 2.0

• With PAN Card 2.0, you receive an e-PAN immediately after applying online that reduce paperwork.
• You only need an Aadhaar-based e-KYC for authentication that eliminate the need for physical documents.
• Users can store their PAN card in digital lockers, ensuring easy access from anywhere and at any time.
• It is designed to minimize the risk of duplication and fraud with its advanced features such as QR codes, holograms, and digital signatures,
• It is integrated with the Income Tax Department, making the tax filing and verification process much easier and more efficient.
• PAN Card 2.0 is universally accepted for financial transactions such as opening bank accounts, applying for loans, and filing income taxes.

Who Can You Apply for PAN Card 2.0?

Individuals: Freelancers; Salaried employees, students, freelancers and any person above 18 years of age.
Businesses: Business entities, partnership firms, and limited companies and startup that involve in business operations, which need PAN cards for financial activities.
NRIs and Foreign Nationals: Any person, who has taxable income or needs to transact financially in India.

How to Apply for PAN Card 2.0

Step 1: Visit the Official Portal:

Visit the NSDL e-Governance or UTIITSL website, the official centres to access PAN services.

Step 2: Select 'Apply for PAN': 

If this is your first time of applying for PAN card then select New PAN for Individuals.
For correction or update, choose the right option.

Step 3: Complete the Application Form: 

The candidate has to provide personal identification details such as the name, date of birth, Aadhaar number through the given form.
Select if you require the physical copy of PAN card or e-PAN or both.

Step 4: Upload Documents:

Photocopies of documents to be uploaded contain identification proof, residential proof and date of birth proof. Common documents include:

Aadhaar Card
Passport-size photo
Signature

Step 5: Make the Payment

Deposit your application fee (which is usually between 100 and 120 rupees for Indian citizens and 1,000 rupees for any foreigner). The payment options available are the UPI, debit/credit cards or through net banking.

Step 6: Verify and Submit

Secure your app by verifying through OTP sent to the Aadhaar-linked mobile number you used while registration. You should jog your memory and fill the form as required.

Step 7: Receive Your PAN

e-PAN: At your email, within 48 hours.

Physical PAN Card: Delivered to your doorstep within the next 10-15 days through mail.