How to get PAN Card KYC Verification - Online & Offline

An individual’s Permanent Account Number or PAN is a unique identification number provided by the Income Tax Department of India. This number acts as proof of one’s identity and income. Moreover, the PAN card plays a vital role in the KYC process.

If you wish to know about PAN KYC online and its related details like how to get PAN card KYC verified, you have reached the correct page!

This guide will elaborate on how to do PAN KYC and other relevant information, such as PAN card KYC check, the steps to check PAN card KYC compliant online, and how to make PAN card KYC verified.

An Overview on PAN Card KYC

Before we delve into how to update KYC in PAN card or check PAN card KYC status, it is imperative to first know about PAN KYC.

Know Your Customer or KYC is a process of verification adopted by banks and financial institutions to verify the identity of their customers. This allows them to prevent malpractices, like cases of identity theft, money laundering, and other fraud.

As PAN is an income and identity proof for a tax-paying citizen, it acts as an essential document to complete the KYC process.

Requirement of the Know Your Customer Process for PAN

The Government of India has made it mandatory for all individuals earning an income to possess a PAN card. The primary objective of this is to verify and identify an individual’s identity before he or she makes a financial transaction.

Along with this, it is also compulsory to complete the Know Your Customer procedure on a PAN card to ensure the prevention of any kind of fraudulent activities and misuse of this card.

The process for PAN KYC online or offline should be completed at the earliest as this card reflects financial transactions made by an individual, like investing in different instruments such as fixed deposits, mutual funds, etc.

Methods for PAN Card KYC Registration

Wondering how to register PAN for KYC?

Continue reading to know all about PAN KYC online and offline!

If an individual is not KYC compliant, then there are methods for how to do KYC for a PAN card online and offline. Illustrated below are the ways of KYC for PAN cards online and offline:

PAN Card KYC Update Online Method

This is the section for you if you are searching for how to do the KYC of PAN card online!

The PAN KYC online route turns out to be the simplest way to complete KYC. In addition, you must note that an Aadhaar ID is required for this procedure.

Firstly log in to the web portal of SEBI or the Securities and Exchange Board of India and select the link for KYC Registration Agency. After this, create your profile and enter the PAN and Aadhaar details. Then, a copy of your Aadhaar card (self-attested) needs to be uploaded.

Once you are done with this, proceed towards submitting the form online. You will receive an OTP on the registered mobile number. Next, use this OTP to verify your account.

Offline Method

Apart from the PAN card KYC online route, there is also an offline method to do so.

Firstly download the Know Your Customer form from the web portal of CDSL Ventures. Fill it up completely and place your signature on it. Along with this, a self-attested copy of address proof and PAN card needs to be attached.

Moreover, you can use your Voter ID card, Passport, Aadhaar card, or any other government document as address proof. Affix your passport-sized photograph at the specified place in the form. Once completing these steps, submit the completed form at a bank branch, after which they will physically verify the documents and update the KYC.

Documents Necessary for PAN Card KYC Verification Online and Offline

Following are the documents necessary for the verification of PAN KYC online and offline are as follows:

Identity proof - Aadhaar card, driving license, Passport, PAN card, bank passbook, Voter ID card
Address proof - Ration card, driving license, utility bill, Aadhaar card and rental agreement

Where is it Necessary for PAN Card KYC?

The following are the various situations wherein it is necessary to do your PAN KYC online or offline:

Mutual fund investments
Making a change in signatories or beneficiaries
Opting for a new connection for landline or mobile phone
Opting for a locker facility in a bank
Applying for a credit card or loan
Opening bank accounts

What is the Process for PAN Card KYC Status Check?

At this point, we will delve into how to check PAN card KYC compliant.

An individual might already be KYC-compliant. Therefore, before going for a PAN update, the first step is to determine whether it is already KYC compliant. To check updates for PAN card KYC status online, one must follow the below-mentioned steps:

Visit the web portal of the Central Depository Services Limited or CDSL
Enter the PAN details
If the KYC is verified, then an update status of ‘MF-Verified by CVLMF’ will be displayed
If PAN is valid, but KYC is not verified, then a status of ‘Pending’ shows up

For reference, an individual can take a printout of the page showing the update.

Alternatively, one can also enquire with their bank to check PAN KYC status. If the details of PAN have been furnished to a bank during account opening, then there is a possibility of the PAN being updated in the system.

With this article regarding PAN KYC online coming to an end, you are now aware of how to get KYC done for PAN cards both in the online and offline route, alongside related details. So go ahead and choose any of these methods for yourself. If you are willing to file for PAN, you can choose the e-KYC PAN application option for doing so. Additionally, if the PAN card e-KYC is not working due to technical errors, you can select the ‘Regenerate online PAN application’ option for completing the e-KYC process.

Frequently Asked Questions

✓ Is an email ID mandatory in order to receive an e-PAN?

Yes. For receiving e-PAN, it is mandatory to furnish a valid email ID in the application form for PAN.

✓ Is the linking of Aadhaar with PAN compulsory?

As per Section 139AA of the Income Tax Act, all individuals having a PAN as of 1st July 2017 must link their Aadhaar number with their PAN card. Moreover, this section mandates quoting the Aadhaar during a new PAN application as well as when filing returns.

✓ Is there any third-party verification conducted to verify the address and identity of the applicants of PAN and the genuineness of documents they submit?

Yes. According to the procedure which the Income Tax Department lays out, a third-party verification might be conducted for the address and identity verification of PAN applicants. In addition to these, the genuineness of the documents which they submit during application is verified. Additionally, the Income Tax Department might take necessary action if any of these details are found to be fake on verification.