Do you know what PAN status is? Well, the PAN status is one of the major facility which can be used for checking the status of the PAN card online. This particular online facility can give information about the delivery status of the PAN card. Once applied for the PAN card, the applicant can easily check out the status of the PAN card. This so called PAN status is simply the delivery status of the hard copy of the given PAN card.
Who Checks the PAN CARD Status?
The PAN card applicant can easily check the status of the PAN card. At the time of applying, the PAN card applicant would have received the acknowledgement number. This acknowledgement number is nothing but a fifteen digit number which can be easily used for tracking the status of the PAN card from the online status portal.
When Should The PAN Card Status Be Checked?
The applicant must simply check the given status of the PAN card application within the five days from the date of receiving the fifteen digit acknowledgement number. Even after receiving the receipt or the ten digit number from the UTI generated coupon, you can check the status of the PAN card.
What Is Required For Checking the PAN Card Status?
It is important to have the acknowledgement number for checking the status of the PAN card. This acknowledgement number is either received through the NSDL or the online portal or the coupon number, in case if you are just applying from the UTI. Even you can check the status of the PAN card by using the name of the applicant and even the date of birth.
Why Do We Need a PAN Card?
The PAN card number is required for the following scenarios-
• Post Office Deposit
For any post office deposit which is more than Rs. 50,000 you would need to specify the PAN card number. Similar to the FDs of the bank, one would require the PAN card number for the Post Office deposits.
• Mutual Fund Investments
Just like the shares, one need to quote the PAN card number while investing in mutual funds. Without specifying the PAN card number, one cannot apply for mutual fund investments.
• Share Trading
In share trading, you do need to specify the PAN card number and details. These details of the PAN card has to be specified to the brokers as well as the Trading and Demat account providers.
• Property Transaction
It is important to submit the details of the PAN card while you are doing the property transactions in India. While preparing the sales deed and even at the time of registering the property, the PAN card details of the seller as well as the buyer is needed, otherwise the transaction cannot be done.
• Vehicle Purchase
While purchasing any vehicle, you would be asked to furnish the details of the PAN card number. This is especially when you are buying an expensive automobile or car.