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Permanent Account Number or PAN is an important document in India required by individuals for income tax return filing and conducting other financial transactions. However, it is interesting to know that the PAN card containing the 10-digit unique alpha-numeric number can be possessed not just by non-earning and earning individuals and non-individuals, but by students as well.

What are the Benefits of PAN Card for Students? 

A PAN card is an important identification and age proof document issued by the Income Tax Department of India. Because of its benefits and usage, it is possessed mostly by adults. However, it can also be possessed by minors or students too. 

In the case of college students, possessing a PAN card can help them avail of various benefits.

Let us take a look at some of the benefits and uses of PAN cards for students. 

  • The PAN card is an important official document. As it is considered a valid document by both government and private institutions – the card can also used as proof of identification
  • While applying for higher education in India or abroad, 
    some students might have to apply for education loan. The facility of student loans in India helps students pursue their dream education without having to worry about the higher education costs. PAN card details are a must for applying for any kind of education loan
  • Once a student gets a PAN card, the document is valid throughout their life. PAN Card is a mandatory document that students need to furnish when applying for instant loans, savings bank account (NuCash student account), or credit card at NUCash.money.   

    Also Read: What are the benefits of a student bank account?

How to Apply Online for Student PAN Card  

A PAN card is an important document that all students must possess because of its numerous advantages. To apply online 
for a PAN card, students can visit UTIITSL or NSDL website. 
Here are the steps to submit an online PAN card application. 

  • Visit the website NSDL or Myutiitsl  
  • In the case of a new applicant, select the correct application type – Form 49A – from the drop-down menu. Also, select the option – Individual – under the category section. 
  • Fill in the required details in the form.  
  • Pay the processing fees for the PAN card. You can pay online through a debit card/credit card or through a demand draft.  
  • Applicants with India address need to pay ₹110, while those residing outside India need to pay ₹1020.  
  • On successfully completion of the application, the applicant gets a slip. This slip contains a 15-digit acknowledgment number. You can use the number for tracking the PAN card status online. 
  • Next, take a printout of the page and paste two recent passport-sized photos in the space provided. Also, put your signatures on the acknowledgment form.  
  • Send the form, along with other documents like address proof, ID proof, proof of date of birth, and proof of payment, to the Income Tax Department office. 
  • Make sure the post reaches the office within 15 days of submitting the form. 
  • On successful verification, the department will post the PAN card on your postal address mentioned in the form. 

    Also Read: Link PAN Card with Aadhaar Card?

How to Apply Offline for Student PAN Card 

Students also have the option to apply offline for the PAN card. Let us take a look at the steps. 

  • Download a copy of Form 49A from the NSDL or UTIITSL 
    website or collect a copy from a TIN-Facilitation center. 
  • Tick the correct option as per your age. 
  • Fill in the form, put your signature on it and submit it at a TIN-Facilitation center along with a copy of self-attested documents mentioned in the form. 
  • Also, pay the required fees at the center after which you will receive an acknowledgment copy.  
  • On successful verification, the Income Tax Department will post the PAN card on the postal address mentioned in the form. 

    Also Read: Finance 101 for Students

Documents Required to Apply for PAN Card for Students  

To apply for a PAN Card, be it offline or online, students need to submit a self-attested copy of the following 
documents: 

  • Two passport-sized photographs 
  • For Proof of Identity 

A copy of any one of the following documents can be submitted: 

  • Aadhaar card  
  • Passport  
  • Voter ID  
  • Ration card  
  • Driving license  
  • Bank certificate duly signed by branch manager 
  • Original identity certificate attested by a Gazetted Officer or MLA  

Proof of Address: 

Either of the following documents can be used as a proof of address for the application

  • Aadhaar card  
  • Passport  
  • Driving license  
  • Voter ID card  
  • Ration card 
  • Post office passbook containing the applicant’s address  
  • Bank account statement (not older than 3 months) 
  • Electricity Bill/gas connection Bill/telephone bill (not older than 3 months) 
  • Credit card statement (not older than 3 months) 
  • Original certificate of address attested by a Gazetted Officer or MLA 

    Also Read: Impact of Personal Health Insurance on Your Finance

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FAQs 

Q. Can a PAN card be used as an identity card for students? 

Yes, a student can use a PAN card as valid identity proof in place of a student identification card. 

Q. Is address mentioned on the PAN card? 

Your address is not mentioned on the PAN card, but it is available in the records of the Income Tax Department of India. Your name, father’s/mother’s name, date of birth, and PAN are mentioned on the card. 

Q. Do we need to pay a fee for PAN card correction? 

You have to pay ₹96 to make corrections to the details on your PAN card. The fee can be paid by cheque, demand draft, or credit card/debit card.  

Q. What is e-PAN? 

The Income Tax Department now also issues a digitally signed PAN card in electronic or digital format that is called electronic PAN or e-PAN. It has a QR code that contains the PAN card holders’ details like name, date of birth, and photograph. The details can be accessed through a QR code reader. Applicants can use a valid Aadhaar number and a mobile number registered with Aadhaar to use this facility which does not cost extra.  

Q. Is e-PAN valid? 

Yes, e-PAN is considered a valid of PAN. 

Q. Can a PAN card be used as a valid proof of identity for minors? 

No, a PAN card cannot be used as a valid proof of identity for minors because of the fact that the card does have the minor’s photograph or signature. 

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