Tuesday 15 June 2021
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What To Do If You Have Lost Your PAN Card

PAN card is an important document which records a cardholder’s crucial financial transactions for taxation and record purposes. It also functions as a valid identity proof for Indian citizens. The card is vital for sale and purchase, monetary transactions, visa application, etc. Incidents of PAN card lost can, therefore, lead to considerable problems during tax filing, documentation, investments and more.

PAN Card

What should you do after PAN card lost?

The Income Tax Department allows individuals to apply for a duplicate PAN card via a simple online process. Follow the steps below once you discover the card loss.

  • Step 1: File an FIR

Since your PAN card contains confidential and personal details, you must first inform and report the loss to your nearest police station. This shall help prevent misuse and unauthorised access. Make sure to collect the acknowledgement copy of your FIR for future reference.    

  • Step 2: Login to TIN website

Visit the website of Tax Information Network and find the lost PAN card application form for a duplicate card. Choose the option of reprinting PAN card with zero changes in the existing data under the ‘Application Type’ option. You can also request a change of details in the same form if required.

  • Step 3: Fill up the application form

Provide accurate information on the application form, particularly in the fields marked as important.

  • Step 4: Mode of document submission

After submitting the application form, you will receive an option asking for your preferred mode of document submission. Choose Aadhaar-based e-KYC, which eliminates the need to manually input most details.

Ensure the following two facts before selecting the aforementioned option:

  1. Your PAN and Aadhaar cards are already linked
  2. The address on your original Aadhaar card exists since the PAN card’s reprint shall be mailed there.

The alternative document submission mode is via eSign option. Here, you need to upload all the documents, including DOB proof, address proof, identity proof, etc.

  • Step 5: OTP on your number

After completing the previous steps, the screen will display a field where you will have to enter an OTP for confirmation purposes. Enter the OTP you received on your registered mobile number to finish the procedure.

Note that a certain amount including delivery charges will be applicable for the duplicate PAN card. It costs Rs. 1,020 for individuals residing outside India and Rs. 110 for those residing in the country. Once you make the payment, a 15-digit acknowledgement number shall be provided to you.

Expect to receive your duplicate PAN card within two weeks of application.

Opt for financial protection for exciting benefits 

The best is to buy an all-inclusive card protection plan and avoid these hassles in the future. This type of insurance policy safeguards your PAN card in situations of loss or theft. Instead of going through a lengthy procedure, you can make a phone call to report the loss. Some policies also offer hassle-free PAN card replacement without any cost. Companies like Bajaj Finserv offers you easy-to-avail Wallet Care schemes and several other Pocket Insurance policies.

Some of its features and benefits include:

1. Round the clock card blocking facility 

Not only PAN card, but you can also block your debit, credit and all other cards with a single phone call under Wallet Care scheme. This facility is available 24×7.

2. Maximum coverage limit

Avail up to Rs. 2 Lakh coverage against any financial loss suffered due to card fraud like phishing, PIN-based scam, etc. Along with this, you can also purchase an identity theft insurance plan to further augment the policy coverage.

3. Benefits when stranded

If you are stranded without cash when travelling, this pocket insurance policy offers replacement travel ticket advance, emergency credit for accommodation and cash benefits. You can also avail SIM blocking services in case your phone gets stolen.

Secure your PAN card and other valuables with a comprehensive insurance policy against affordable premiums. Approach a reliable company for the best plan with transparent terms and conditions.

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