Approximately 19.6 million new PAN cards were issued in the first quarter of 2018, according to data released by the Income Tax Department of India. Such a KYC document is mandatory during a business transaction of high value, such as buying or selling assets like property, cash deposits of higher than Rs.50,000, vehicles purchase, etc.
Since this ten-digit number records the financial history of an individual or a company, no two entities can possess a singular PAN card. The loss or theft of a PAN card is also a serious issue, and the necessary measures should be adopted immediately. You need to be aware of how to get lost PAN card in such situations.
On misplacing or theft of your pan card, the first thing that one should do is lodge an FIR with their nearest police station. After that, they can choose to reprint PAN card through offline or online means.
How to get a duplicate copy of lost PAN card through the offline method?
The steps below will help you to learn how to get lost pan card.
- One should visit the NSDL TIN facilitation centre that is near them to collect Form ‘Request for new PAN card or/and Changes or Correction in PAN Data’ required for a duplicate copy issue.
- The individual should put in the required information in the pan card lost form a meticulous manner. A single mistake or wrong information will result in the application being cancelled.
- Along with the form, he or she must attach a letter requesting a new PAN card addressed to IT department, passport size colour photo, copy of FIR and a copy of identity and address proof such as voter ID card, passport or Aadhaar card.
- A cheque or demand draft of the requisite fees should be attached with the application form and the above mentioned documents before submitting the documents to the NSDL office.
- Within three weeks after completing the above steps, the applicant will receive his or her duplicate PAN card.
Alternatively, you can also login to the official website of NSDL TIN to apply for a duplicate copy of your PAN card. Go through the steps below to know how to get lost PAN card through online method.
- Fill up the application ‘Request for new PAN card or/and Changes or Correction in PAN Data’ form available on NSDL website.
- Make the payment for the form through payment options such as credit card, debit card, or net banking.
- After completion of the application and payment process, you are required to submit the mandatory documents by post to NSDL. You can also opt for e-verification of all relevant documents through e-KYC.
- The documents required include one identity proof, one address proof and proof of date of birth.
To receive financial coverage in the event of reapplication of PAN cards, as well as assistance in the process, individuals can opt for wallet care cover offered by many insurance companies under Pocket Insurance & Subscriptions.
Additionally, for financial coverage from legal repercussions due to fraudulent activities through misplaced or lost PAN card, individuals can also opt for an identity theft insurance policy. Remuneration against loss of pay can also be received in case of such fraudulent transactions.
Such comprehensive coverage plans allow individuals to carry their PAN cards with them in their purse, which serves as an identity proof as well as document facilitating high value financial transactions. In case of loss of such personal belongings, financial coverage through a purse care cover can be received by policyholders. Such benefits allow them to secure vital KYC documents with ease.
