PAN Card for NRIs (Non-Resident Indians)

Permanent account number or we can say PAN card is one of the most essential documents for resident Indian taxpayers. If you are an NRI and want to invest in stocks, mutual funds, or receive rent in India then it is mandatory to have a PAN card for NRIs.

Ample of people who are not familiar with what a PAN card is. So PAN stands for permanent account number which is issued by the Income Tax Department of India. It is an important document and consists of a unique identification number. PAN number is essential for opening a bank account, investing in mutual funds or stocks, filing tax returns, buying and selling properties, and many more.

To make financial transactions, a PAN card is also mandatory for citizens from India living outside the country. Do you also live outside and want to know more about PAN cards for NRIs? If yes then now you have reached the perfect blog. Here we will discuss everything about PAN cards for non-resident Indians. So let’s start with the reasons why NRIs need a Permanent number.

Reasons Why an NRI Need a PAN Card?

• Gaining income from buying and selling property
• Dividend from stock
• Capital gain from rent
• To invest in India.
• Essential to file an ITR
• PAN card is mandatory for the transaction of more than 10 lakh rupees.
• PAN is also required to open an NRE or NRO account in India, to manage foreign currencies and Indian rupees.

After discussing why a PAN card is needed for an NRI we will learn how to apply for an NRI PAN card.

Steps to Apply for an NRI PAN Card Online?

1. Check out the official website of UTI Infrastructure Technology And Services Limited (UTIITSL).
2. Select the ‘New PAN for Indian Citizens (Form 49A)’ option
3. Fill in the required details in the standard PAN card application form. Including name, birth date, address, contact number, and mail ID.
4. Select category and status as ‘Individual’ and ‘Non-Resident India’.
5. Upload the required documents.
6. Choose the appropriate option to pay the application fee of a PAN card for NRI
7. Don’t forget to note the acknowledgement number after submitting the PAN application
8. Print acknowledgement receipt.
9. Signed acknowledgement receipt and paste photographs.
10. Write ‘PAN application- Acknowledgement Number’ on the envelope. Attach documents with the form and send it to the UTIITSL or Protean office within 15 days of your e-application submission.

Now we will make a list of required documents to apply for a PAN card for Non-resident Indians.

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Documents Required to Apply for a PAN Card for NRIs.

1. 2 recent passport-sized photographs
2. Copy of passport
3. OCI address proof- Photostat of overseas bank statement, a residential permit issued by the Foreigner's Registration Officer in India or from the State Police authorities
4. Copy of Overseas Citizen of India (OCI) card and Person of Indian Origin (PIO) card.
5. NRE bank account statement with a minimum of two transactions in the last six months. It should be attested by the Indian Embassy, Consulate, High Commission, Apostille, or the bank manager.

There are some additional documents also required for NRI to apply for a PAN card.

1. Address proof issued by your Indian employer
2. PAN details of an employer
3. Copy of appointment letter by the concerned company with an address in India

Above we talk about the essential documents required to fill an NRI PAN card application form. Are you an NRI and thinking about the fee of a PAN card for NRIs? If yes then there is no need to worry. Stay tuned with us next we will discuss the fee details for the NRI PAN card.

Fees for NRI PAN Card

When it comes to the fees of an NRI PAN card then it depends on the applicants whether they are applying for a physical or E-PAN card. Alongside it also varies on the address filled by a candidate whether it will be delivered in India or to a foreign address.

If you want a physical PAN card to an Indian address then it costs INR 107 including GST. Physical PAN cards delivered to foreign addresses cost INR 994 including application fees and dispatch charges.

There are some specific guidelines which you need to follow to get an NRI PAN card. Want to know them to fill PAN application form hassle-free? Let’s check them out.

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Guidelines for NRI PAN Registration

• Use a black ink ballpoint pen to fill out the PAN card application form.
• Fill the form in Capital letters only.
• Mention the Assessing Officer code for NRIs correctly.
• Attach identity and address proof to avoid rejection of the application.
• The entered name on an application form should be the same as the name mentioned on other documents you attach.
• If filling out an application for minors must be sure to provide proof of identity and the address should be submitted by parents.
• Avoid overwriting otherwise, you have to face rejection.
• Do not use staples or pins to attach photographs.
• Make sure not to mention the date or place below your signature.
• Check the PAN application form for NRI twice before submission.
• Cannot apply for another PAN If you have an existing PAN card, you will not be able to apply for another PAN. It is important to submit your old PAN for any changes or corrections.
• Do not write the name of your husband in the 'Name of the Father

After knowing the physical guidelines of PAN cards for NRI, next, we will shed light on the all-digital PAN card application process.

Digital PAN Card for NRIs Application Process:

• Candidates need to upload the scanned documents over the PAN card portal.
• Sign the application digitally.
• E-Sign (Aadhar-based e-signature) and Digital Signature Certificate (DSC).
• No physical documents are required.
• Choose a payment method according to your convenience. If your communication address is in India, then you need to pay 110 INR. On the other hand if your communication address is abroad then you have to pay INR 1020.

Note: If you want to make payment by foreign credit card then it's not accepted currently.

After knowing the required documents for the NRI PAN card, the application process, guidelines, and more. Next, we will learn the benefits of having a PAN card for non-resident Indians.

Advantages of Permanent Account Number to NRIs

PAN card is one of the essential documents in India that serves ample useful purposes which are mentioned below.

• PAN cards make tax tax-paying procedure easier and it is also mandatory for all taxpayers.
• Non-resident Indians cannot be in the share market or mutual funds without a PAN
• If you want to purchase property and vehicles in India, having a PAN card is necessary.
• To deposit more than the limit PAN card is essential.
• PAN cards make the KYC process more simple in most banks.

After filing the NRI PAN card application form everyone wants to know how many days they will receive an NRI PAN. So if you are also looking for the same then do not worry now. Below will discuss the time taken for an NRI to receive the PAN card.

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Summing it up:

It is a perfect blog for NRIs who want to apply for a PAN card to invest in India or for other purposes. With the help of this post, they will get to know how to apply for an NRI PAN card, the documents required, the PAN card application fees for NRIs, and many more.

So if you are a non-resident Indian and facing PAN card-related issues then we suggest you choose Visament. This distant organisation will help you with the process of getting a PAN card, Aadhaar card, etc. Additionally, it is one of the best immigration service providers. They help people to make passports, OCI, NRI, PIO cards, and visas. So if you have any immigration service-related issues then must hire them and fill error free application forms, get 24*7 customer support, and many more.