Need a PAN card for your kids? Here’s how you can get it – Know Complete process here
Permanent Account Number (PAN) card is one of the most essential documents required for availing of most financial services offered by state or private companies. Most working adults have a PAN card, as it’s required for opening an Employees Provident Fund Organisation (EPFO) account.
A PAN card is usually made after the age of 18 when a child reaches his/her legal age and would require a bank account or start a job in order to pay taxes. But, PAN cards can also be made for those below the age of 18 as well. The only thing is that here, the parents will have to apply for the PAN card on behalf of their kids.
Here’s how to can apply for PAN Card:
Step 1: Visit the official website of National Securities Depositories Ltd.
Step 3: Select the correct category for applying PAN cards for minors.
Step 4: Pay the PAN card registration fee of Rs 107 and submit the application form.
Documents needed:
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Address and proof of identity of the parents of the minor
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Address and proof of identity of the applicant
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Guardian of the minor to submit any one of the documents like Aadhar Card, Ration Card, Passport, Driving License, Voter ID as proof of identity
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A copy of the Aadhaar card, post office passbook, property registration document or original residence certificate will have to be submitted for address proof.
Kids PAN card comes in handy if you want your child to be the nominee of your investment or if the investment is made in the name of the child.
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