Faqs

PAN stands for Permanent Account Number. It is a 10-digit character alphanumeric number allotted to PAN Cardholder served in the form of Government-issued identification. It helps in the identification of income taxpayer or PAN Cardholder.

PAN's primary purpose is to bring a universal identification to all financial transactions and to prevent tax evasion by keeping track of monetary transactions of all taxpayers in India. PAN stands for Permanent Account Number, which is a ten-digit alphanumeric number that is assigned to each PAN card bearer.

Individual: Applicant should be an Indian citizen with valid identity proof, address proof and date of birth proof (Checklist of acceptable proofs is available in the website) Hindu Undivided Families: An HUF is a separate entity. Hence, the PAN card can be applied in HUF's name to enter into financial transactions.

Pan card does not expire however it can be updated in case of any damage.

Here is how to apply for PAN Card online: Online application of PAN can be made on the NSDL websiteOR UTIITSL website. Both have been authorized by the government of India to issue the PAN or to make changes/corrections in the PAN on behalf of the Income Tax Department.

The Instant e-PAN service is available to all Individual taxpayers, who have not been allotted a Permanent Account Number (PAN) but possess Aadhaar.

Micro ATM is a mini version of an ATM. Micro ATMs are like modified point of sales terminals this terminal can connect to banking network via GPRS to perform banking transactions. This machine contains card swipe facility.

A Micro ATM machine is a handheld device which is a portable version of ATMs. It functions as a point of sale - POS terminal and cash withdrawal is possible by connecting to the banking network via GPRS (Mobile Network) to perform banking transactions.

Micro-ATMs use GPRS technology to transmit data. This is the same technology that mobiles use and is considered to be safe.

Bharat Bill Payment System (BBPS) is a RBI mandated system which offers integrated and interoperable bill payment services to customers across geographies with certainty, reliability and safety of transactions.

BBPS is owned and operated by NPCI Bharat BillPay Ltd. (NBBL).

NEFT is a centralised payment system operated by the Reserve Bank of India (RBI), whereas IMPS is a money transfer service managed by the National Payments Corporation of India (NPCI). Both methods of fund transfer are safe and fall under the purview of the Reserve Bank of India.