A permanent Account Number (PAN) is a 10-digit alphanumeric code assigned to individuals/entities who conduct financial transactions. It is an important document that allows tax authorities to keep track of your transactions. In the context of the government, PAN aids in the prevention of money laundering, suspicious transactions, and terrorist funding.
Previously, people used to apply for a PAN card by paying a visit to the Income Tax office. However, as India moves toward a digital economy, the idea of an e-PAN card is gaining traction. This service is provided for free and on a first-come, first-served basis.
Who Can Apply for an e-PAN?
In order to obtain an e-PAN, you must meet the following criteria.
- Currently, the e-PAN facility is only available to individual taxpayers who are Indian residents.
- Another requirement is that you do not have a PAN to your name.
- The card can only be issued if you have a valid Aadhar card.
- The mobile number linked with your Aadhar card must be active at the time of making an application for an e-PAN.
How to download e-PAN through NSDL?
NSDL allows you to download your PAN card in two different categories. The first is if you got your PAN within the last 30 days, and the second is if you received it more than 30 days ago.
Here is the downloading process for the former.
- Visit the official website of NSDL e-Gov.
- Navigate to the "‘Download e-PAN card."
- Share the acknowledgement number and input the Captcha code.
- Tap on the "Submit" option.
- Next, your screen will show three options for receiving OTP: mobile number, e-mail address, or both. Choose any and then click "Generate OTP."
- Input the OTP and then click "Validate."
- You can now download your e-PAN.
The downloaded file is in PDF format and requires a passcode to open. You must enter your birth date/ incorporation date in the format DDMMYYYYY.
Note: NSDL e-Gov has now changed to Protean.
The e-PAN downloading process if the allotment is made more than 30 days ago.
- Visit the official website of NSDL e-Gov.
- Navigate to the "Download e-PAN card."
- Provide details like PAN, birth month and year, and GSTN (optional).
- Next, click on the "Submit" button. You are now ready to download the PAN.
How to download an e-PAN card online through UTIITSL Portal?
UTIITSL stands for UTI Infrastructure Technology and Service Limited, and you can get your PAN card from here if you meet the following requirements.
- If you have submitted your fresh PAN application through UTIITSL.
- If you have applied for modifications or corrections in your existing PAN card through this platform.
- If you have previously registered your valid email address or mobile phone number, that is in the Income Tax Department's records.
Downloading process:
- Visit the official website of UTIITSL.
- Share information like PAN, birth date/ incorporation date in the MM/YYYY format, and GSTIN (optional).
- Input the Captcha code and then click "Submit."
- You will receive an email or text message with a link. Click on that link, enter the OTP from your email/mobile, and your e-PAN will be downloaded.
Also Read: Procedure to check credit score by PAN card How to download e-PAN online via the Income Tax Department website?
- Go to the official website of the IT department and navigate to the "e-PAN card."
- Click on the beta version link and then move the cursor to the "Check instant e-PAN status."
- Share the acknowledgement number and then input the Captcha code.
- Tap on the "Submit" button.
- Generate the OTP and enter it to gain access to the page where the e-PAN can be easily downloaded.
What is the Cost of Downloading an e-PAN Card Online?
Downloading an e-PAN card online is generally a cost-effective process. The fee is minimal, making it a convenient option for obtaining your PAN card without additional expenses.
| Scenario | Cost |
| Download within 30 days of allotment | Free |
| Download after 30 days | Rs 8.26 (tax included) |
What are the benefits of having an e-PAN?
The e-PAN offers various advantages. A few of them are listed below.
- Safe and Secure: Plastic cards are vulnerable to theft. If you misplace your card and it falls into the wrong hands, you are very likely to become a victim of financial fraud or identity theft. Scammers may use it to steal money from your account or obtain a bogus loan in your name.
- Identity Proof: The e-PAN is an important KYC document. It can be used as identification proof when applying for a loan, opening a bank account, or opening a Demat account.
- Convenience in Foreign Transactions: According to the Foreign Exchange Management Act, you must furnish a PAN if you wish to buy foreign currency worth Rs 50,000 or more.
- Instant Accessibility: e-PANs can be accessed anytime and anywhere through digital devices, ensuring you always have your PAN details handy when needed.
- Eco-friendly and Cost-effective: e-PANs reduce the need for physical printing and distribution, making them an environmentally friendly and cost-effective alternative to traditional PAN cards.
Also Read: How To Link Your Aadhaar Card With Your PAN & Mobile Number
How e-PAN Card Helps You Applying for a Personal Loan
An e-PAN card significantly facilitates the personal loan application process by serving as a reliable and easily accessible proof of identity and financial credibility. Here's how:
- KYC Compliance: e-PAN is a valid KYC document, essential for verifying your identity when applying for a personal loan.
- Digital Accessibility: Being digital, an e-PAN can be quickly accessed and submitted online, speeding up the loan application process.
- Financial Credibility: e-PAN provides a clear record of your financial history, helping lenders assess your creditworthiness.
- Mandatory Requirement: Many lenders require a PAN for loan approval, making an e-PAN indispensable.
- Convenience: It eliminates the need for physical documentation, ensuring a hassle-free loan application experience.
Steps to Apply for a Personal Loan
Step 1: Visit the Hero FinCorp website or download the personal loan app.
Step 2: Go to the Personal Loan section and click Apply Now.
Step 3: Fill out an online application form.
Step 4: Scan and upload the necessary documents.
Step 5: Accept the loan offer.
Step 6: Get disbursal in a few minutes.
Conclusion
It is simple to get an e-PAN card. You can obtain them by using any of the methods listed above. However, keep in mind that this option is not available to everyone, and only those who have never had a PAN before can apply for it.
Frequently Asked Questions
1. How to download PAN card online without OTP?
To download your PAN card online without OTP, visit the official NSDL or UTIITSL website. You can use your Aadhaar number linked to your PAN for verification. Follow the steps to request a reprint of your PAN card without needing an OTP for authentication.
2. How to get an e-PAN card immediately?
To get an e-PAN card immediately, visit the Income Tax Department's e-filing portal. Click on "Instant e-PAN" under the "Quick Links" section. Provide your Aadhaar number, validate with OTP sent to your registered mobile number, and download your e-PAN within minutes.
3. How can I print my e-PAN card?
After downloading your e-PAN from the official portal, you can print it like any other document. Open the downloaded PDF file, and print it using a standard printer. Ensure the print quality is good for clarity.
4. Is printed e-PAN card valid?
Yes, a printed e-PAN card is valid and legally recognized for all financial and official transactions. It contains the same information and has the same validity as the physical PAN card issued by the Income Tax Department.
5. Which is better: ePAN or physical PAN?
Both ePAN and physical PAN have their advantages. ePAN offers the convenience of instant issuance, easy access, and cost savings, while a physical PAN card is traditional and may be preferred for those who want a tangible document. Both are equally valid and serve the same purpose.
