If you have a bank account, then obviously you must have heard about the PAN card and it is not possible that you are using the internet and you do not have a bank account, Well PAN card is directly related to the tax department but we can also use PAN card as id.
And many times people do not even have an idea how to get a PAN card, so there is a lot of problem for them because their task may be stopped due to not having a PAN card, and in this condition, they have to wait and Can’t do anything else because it can take up to 20-30 days to deliver a PAN card.
What is Pan Card
Full form of PAN is Permanent Account Number PAN Card is a government document that is issued by the income tax department, PAN card is used for various types of financial transactions, all banks suggest to their customers to link PAN card their account.
But after crossing the limit of a limited transaction, banks temporarily stop that account and recommend PAN KYC. If you want to do an international transaction, then your pan card should be linked to your bank account then it does not matter that the transaction is of a small amount or of large amount.
And as far as making a PAN card is concerned, there are two ways for you to do this. One is to apply for the PAN card by yourself, pay, and submit the printout to the nearest nsdl office, maybe this process can be hard for everyone. And maybe you also make mistakes in it.
But the second way is absolutely perfect and that is to apply through a CSC (common service center (Jan Suvidha Kendra)), for which you will probably have to pay 50 – 100 INR shopkeepers in addition to payment of PAN as they will apply your PAN. And also they will submit documents to NSDL office, then there is no problem in paying a bit more.
As you have read above what is the full form of PAN i.e. permanent account number, and a person can have only one pan card.
The most important thing about a PAN card is its number because the number that your PAN card is based on, tells a lot about that number, but normally you can’t understand what text says in the PAN card number.
The first three alphabets of the PAN card are randomly selected, which can be anything from A to Z, the fourth character indicates that this PAN card belongs to an individual, such as from an individual person or from a company, a government agency, Or from a trust, etc.
So if it is for an individual person, the fourth character will be “P”, that is, the fourth character in your PAN card will be P because you also want to make a PAN card for yourself individually.
The fifth character of a PAN card is the first character of the surname of PAN holder, followed by a 4 character sequential number, and the last character is an alphabetic check digit that is generated under a formula based on the last 9 characters.