Here's the way to get a replacement PAN card in only 10 minutes

Here's the way to get a replacement PAN card in only 10 minutes

The government's IT department has launched a web new facility that permits an Aadhaar card-holder to urge a Permanent Account Number (PAN) within minutes.

A PAN is generated in only 10 minutes during a PDF format and therefore the e-PAN is nearly as good as a physical copy.

To do get a PAN card, attend the e-filing portal and click on on the ‘Ínstant PAN through Aadhaar’, then select ‘Get New PAN’.

You'll be asked the Aadhaar number and an OTP are going to be sent to the registered mobile number. After the validation of OTP, an e-PAN are going to be generated.

A PAN card is an important document required for a minimum of five of those tasks:

Real Estate purchase: If you're getting to buy a property valued at Rs 5 lakh or above, it'll be mandatory for you to supply PAN .

Credit Card: A PAN card is mandatory for issuing credit and debit cards. it's also needed for post office bank account.

Insurance Premium: PAN card is required for a life assurance premium of quite Rs 50,000.

Transactions above Rs 50,000: If you're filing an tax return, then it's important that you simply link PAN and Aadhaar number. A PAN card is additionally needed for a cash purchase of banker's draft , pay orders or bankers cheque of Rs 50,000 or above during a day.

For TD or FD: If you purchase securities or open-end fund units worth quite Rs 1 lakh, then PAN may be a must.