The government of India provides the Permanent Account Number (PAN) as a vital document under the Income Tax Department. A PAN card provides multiple advantages beyond taxation to students although its main use relates to tax matters. The guide examines the fundamental role of PAN cards in student life while also providing steps to obtain one and alternative borrowing methods and addresses some queries.

Benefits of a PAN Card for Students

1. A PAN card represents a universally accepted identity proof because both public and private organizations recognize it.
2. Any aspiring student must have a PAN card when applying for educational loans, particularly at national or international educational institutions.
3. Students needing a PAN card to perform financial activities must open all new savings bank accounts and seek new credit card authorization or complete substantial monetary deals through savings.
4. A PAN card becomes valid for all eternity after issuance and thus prevents any renewal requirements.

How to Apply a PAN Card for Student?

Students can apply for a PAN card either online or offline.

Online Application Process:

1. Browse NSDL by accessing the official website.
2. Select Application Type: Choose ‘New PAN – Indian Citizen (Form 49A)’ as the application type.
3. Students need to choose Individual as their category during the application process.
4. Enter all required information precisely by supplying proper details about the name with a birth date together with an email address and phone contact.
5. Your required documentation must be submitted through the platform by placing the necessary documents including your identity proof along with address and date of birth evidence.
6. The processing fee can be paid either through debit or credit card transactions or net banking transactions.
7. Recipients will get a 15-digit acknowledgement number for tracking application status after completing the submission.

Offline Application Process:

1. Fill out Form 49A through registration on the NSDL website or by getting the form from TIN-Facilitation centres.
2. Complete the form correctly along with pasting two recent photographs taken according to passport dimensions.
3. The documents should include self-attested versions of the required documents.
4. Submit the form together with supporting documents to a TIN-Facilitation centre and pay all necessary fees.
5. After your form submission, you will get an acknowledgement slip through which you can track your application.

Documents Required:

• Proof of Identity: Aadhaar card, passport, voter ID, driving license, or a certificate from a Gazetted Officer.
• Proof of Address: Aadhaar card, passport, voter ID, driving license, utility bills, or bank statements.
• The acceptable documents for proving your date of birth include a birth certificate and matriculation certificate driver’s license and passport.

Obtaining Student Loan Without PAN Card

Financial institutions together with fintech companies provide student loans that do not need a PAN card for application purposes. The loan providers accept substitute documents which include voter ID or Aadhaar cards along with passports for identifying customers.

Top Student Loan App Without PAN Card:

• Students who need loans up to ₹15,000 can apply for StuCred because the company needs only an Aadhaar card for documentation.
• The platform MoneyView distributes loans that amount to ₹5,00,000 and identifies applicants with Aadhaar as their main identification document.
• Small loan seekers at Bajaj Finserv need not submit PAN documents since they can verify their identity through Aadhaar KYC.

PAN Card Category for Students

When applying for a PAN card, students should select the ‘Individual’ category. This classification is appropriate for personal applicants, including students and minors.

Conclusion

A PAN card benefits students by functioning as an official identification document and helping students complete financial operations. Acquiring a PAN card offers financial advantages that will complement alternative loan options for those who do not possess it. Students should seek a PAN card ahead of time because its advantages will support their academic and professional development.