As per data released by the Income Tax Department of India, approximately 42 crore PAN cards were in circulation as of February 2019. It is one of the most crucial government-mandated documents, widely accepted as proof of identification. Such cards are required for any substantial financial transaction, such as opening a bank account or undertaking investments.
A lost PAN card can cause severe distress in this regard, as it affects the ability of individuals to perform an extensive monetary exchange.
The Government of India has maintained several provisions for quick replacement of such vital KYC document, which can be done both online and offline.
How to apply for the lost PAN card?
Step 1 – Go to the official website of NSDL.
Step 2 – Click on ‘Request for new PAN card or/and Changes or Correction in PAN Data’ option.
Step 3 – Enter personal information including full name, date of birth, mobile number and e-mail ID.
Step 4 – A token number is generated upon completion of the previous step, a copy of which is sent to the e-mail ID mentioned.
Step 5 – In this step, all relevant information to replace PAN card missing has to be entered.
Step 6 – All scanned documents have to be submitted with the PAN services unit of NSDL. You can do so in three methods –
- Send self-attested copies of all physical documents along with passport-sized photographs to the registered NSDL centre.
- Verification of documents through e-KYC can be done, wherein mobile number linked with the Aadhaar card of an individual is utilised for document submission. Scanned copies of the same are not required under this process, wherein the application form has to be digitally signed.
- Issue of duplicate PAN card in this method requires Aadhaar verification through OTP from the registered phone number. Scanned copies of all related documents have to be uploaded correspondingly.
Step 7 – Select whether you want a physical copy of your PAN card or e-PAN.
Step 8 – Enter ‘Contact and Other Details’ and ‘Document Details’ in the next tab to submit the application to avail a replacement for a lost PAN card.
Step 9 – Another page would open in this step, facilitating online fees payment.
Step 10 – An acknowledgement form will be generated upon successful payment of the charges.
A duplicate copy to replace PAN card lost will be dispatched upon verification of credentials and supporting documents. You can track the same using the 15-digit acknowledgement number present in the form.
Individuals seeking assistance for such application procedure can opt for Wallet Cover Plans offered by Bajaj Finserv under Pocket Insurance & Subscriptions. They also provide financial aid in the event of misplaced PAN cards, ensuring quick replacement of the same. As the importance of PAN card is immense, immediate replacement is necessary.
Such insurance plans provide comprehensive assistance benefits in case of theft or misplacement of wallet. You can remotely block all your digital payment cards by placing a toll-free call to the customer care number of your insurance provider. A fraudulent charges cover extends the sum insured to cover all illicit transactions processed through stolen cards as well.
Nonetheless, PAN card lost India can have several incriminating repercussions, as multiple fraudulent transactions can be done through such stolen credentials. To receive financial coverage against all legal obligations in such situations, individuals can opt for an identity theft insurance plan simultaneously.
Such insurance plans, coupled with online government procedure of replacement, allow individuals to carry this document on them during travel, as the benefits of PAN are widespread.