Top 10 Benefits of Having a PAN Card for NRIs

A PAN (Permanent Account Number) is a unique identification number required for all financial and tax-related transactions. It helps the government in tracking an individual's income to avoid tax evasion, and acts as an important proof of identity for individuals as well as businesses.

No, a PAN card is required for various other reasons apart from paying taxes. It can be used for opening bank accounts, applying for loans, buying a property, investing in mutual funds, and even for day-to-day financial activities.

Yes, you can apply for a PAN card online through the government's NSDL or UTIITSL website.

The processing time for a PAN card may take about 10-15 working days after the application is submitted and e-KYC verification is done.

You need some basic identification and address proof documentation, such as:

Aadhaar card
Passport-size photograph
Address proof (utility bill, driving license, etc.)
Date of birth proof (passport, birth certificate, etc.)