Home

>

Difference between Minor PAN card VS Major PAN card

Difference Between Minor And Major Pan Card

A permanent Account Number or PAN Card is an important identity proof issued to all citizens, including minors and non-resident Indians (NRIs). As per section 160 of the Income Tax Act, even minors are eligible to apply for a PAN Card as there is no age limit requirement specified in the Act. The PAN card can be applied for children below 5 years and remain a permanent identity proof irrespective of change in name or address. 

In this article, we look at the purpose of minor PAN Cards and how different they are from major PAN cards.

Is PAN Card Important For Minors?

It is important for minors to have a PAN card in the following circumstances:

Difference between Minor PAN Card VS Major PAN Card

In the case of a PAN card issued in the name of a minor, the minor's photograph and signature cannot be found. These limitations prevent a minor from using the PAN card as proof of identity. 

As soon as a minor PAN card holder turns 18, the relevant changes must be made to the PAN record. The card is then replaced with one containing a photograph and signature.

Both the minor PAN card and major PAN card will contain the same PAN number.

How Do You Update Your Minor PAN Card When You Turn 18?

The minor PAN card issued must be updated once the cardholder turns 18. Here is how you can get a new PAN card with your photo and signature:

Step 1: Click here to access the 'Request for new PAN card and/or changes or correction in PAN data' form. 

Step 2: In the application, mention the existing PAN number, check the box labeled "photo mismatch" and "signature mismatch," and then submit it.

Step 3: Applicants must print out the application form, sign it, and then submit two photographs.

Step 4: Submit the application along with proof of identity and address, such as an Aadhaar card, passport, voter ID card, or bank statement.

Step 5: Make a payment of Rs 107 either using internet banking or your credit/debit card.

Step 6: Another option is to attach a demand draft for Rs 107 drawn in favor of NSDL-PAN.

Step 7: After submitting the online form, the applicant will receive an acknowledgment number. The finalized application will be sent to NSDL or UTISL-approved centers.

To Know more About Other Articles Here:

Letter of Credit Vs Bank Guarantee Rupay Card Vs VISA Card
Minor Vs Major Pan Card Bin Cards Vs Store Ledger
Cheque Vs Bill of Exchange Bearer Cheque Vs Order Cheque
Bank Rate Vs Repo Rate Cheque Vs a Demand Draft
Promissory Note Vs Bill of Exchange PIO Vs OC
Aadhar ID Vs Aadhar Virtual ID Fixed Capital Vs Working Capital
Zip Code Vs Pin code Diesel Cars Vs Petrol Cars
Direct Vs Indirect Tax PAN Vs TAN

Conclusion

PAN cards are issued to both minors and adults. While both PAN cards consist of the same number, the minor PAN card lacks the holder’s photo and signature. Minor PAN cards come with various benefits for the holder. It can be used as identity proof, and parents can make investments in the name of their kids using this card. However, as soon as the minor turns 18, steps must be taken to update the PAN card accordingly.

Minor PAN Card VS Major PAN Card Related FAQS 

If you intend to make your minor kids a nominee on your investments such as property, stocks, or any other financial product, they must have a PAN Card. So, if you intend to make your minor child a nominee for your investments, you must provide the minor child's PAN Card.
To apply for a PAN card, you must be at least 18 years old. Individuals under the age of 18 can, however, have their parents or guardians apply for a PAN on their behalf.
Minor PAN cards can be used as identification for children under the age of 18. Minors can use the PAN card number regardless of their age, name, or address. Parents can also make financial investments in the name of their children.
A PAN card issued in a minor's name lacks the minor's photograph and signature, and thus cannot be used as a valid form of identification. When a minor PAN card holder turns 18, the relevant changes in the PAN records must be made. After that, a new card with a photograph and signature is issued.
Parents or guardians can open bank accounts for individuals below 18 years of age. To do this, they must submit the child’s PAN card, and birth certificate as proof of age and clearly establish their relationship with the minor.

Was this information useful?