PAN card is mandatory for these things

PAN card is mandatory for these things

Permanent Account Number as it is commonly called PAN. It is a unique identification number assigned to Indians, mostly to those who pay tax. PAN is a proof of identity to identify various taxpayers.

PAN card is mandatory for these things:

1. To Open a Bank account.

PAN card is mandatory for these things

Before the PAN card was required to pay more than just 50,000 rupees in the bank. But now you need a PAN card to hold an FD to an account. Also, the PAN card is mandatory to open a bank account.

2. To travel abroad.

PAN card is mandatory for these things

Those going to outer countries, then PAN card is mandatory to book the tickets.

3. To get a credit card

PAN card is mandatory for these things

A PAN card is essential for obtaining the credit card and debit cards for online transaction.

4. To buy property.

PAN card is mandatory for these things

A pan card is required to buy and register the property.

5. To do more than 50,000₹ bank transactions.

PAN card is mandatory for these things 1

PAN card is required to withdraw more than 50,000₹ from banks or to deposit another’s account.

6. To buy or sell shares.

PAN card is mandatory for these things

PAN CARD is required to either sell or buy.

7. To buy a vehicle.

PAN card is mandatory for these things

You need a pan card to buy bike or car.

Share this Information with everyone so that let them be aware of the Importance of Pancard.

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