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F6: PAN & AADHAAR Card For NRI

Permanent Account Number (PAN)

  • Overview: PAN is a 10-digit alphanumeric number issued by the Income Tax Department of India. It is mandatory for various financial activities including filing income tax returns, correspondence with tax authorities, and high-value transactions. NRIs also need a PAN.

  • Mandatory Transactions: Quoting PAN is required in the following transactions:

    1. Sale or purchase of a motor vehicle other than two-wheelers.

    2. Opening a bank account (excluding time deposits over Rs. 50,000 and Basic Savings Bank Deposit Accounts).

    3. Opening a demat account with a depository, participant, custodian of securities, or any SEBI-authorized entity.

    4. Payment exceeding Rs. 50,000 to a Mutual Fund for purchasing units.

    5. Payment exceeding Rs. 50,000 to a company or institution for acquiring debentures or bonds.

    6. Cash deposits exceeding Rs. 50,000 in a single day with a banking company or cooperative bank.

    7. Time deposits exceeding Rs. 50,000 or aggregating to more than Rs. 5 lakh in a financial year with:

      • a banking company or cooperative bank,

      • a Post Office,

      • a Nidhi company as per section 406 of the Companies Act, 2013,

      • a non-banking financial company (NBFC).

    8. Payment of life insurance premium exceeding Rs. 50,000 in a financial year.

    9. Contract for sale or purchase of securities (other than shares) exceeding Rs. 1 lakh per transaction.

    10. Sale or purchase of unlisted company shares exceeding Rs. 1 lakh per transaction.

    11. Sale or purchase of immovable property exceeding Rs. 10 lakh or valued by stamp valuation authority at over Rs. 10 lakh.

  • Application Documents: NRIs need to submit the following documents with their PAN application form:

    1. Copy of passport (proof of identity).

    2. Proof of address:

      • Copy of passport,

      • Bank account statement in the country of residence, or

      • NRE bank account statement showing at least two transactions in the last six months, attested by the Indian Embassy/Consular office/High Commission, Apostille, or bank manager.

For more details, visit the .

Aadhaar Number (Aadhaar)

  • Overview: Aadhaar is a unique 12-digit identification number issued by the Indian government to residents, including NRIs. It is essential for KYC, verification, identification, and implementing various government schemes.

  • Linking PAN and Aadhaar: The Income Tax Department mandates linking PAN and Aadhaar numbers for filing Indian tax returns.

  • Eligibility: Anyone residing in India for more than six months continuously can apply for an Aadhaar card. It serves as proof of identification rather than citizenship, so OCI holders, who are not Indian citizens, can also apply for an Aadhaar card.

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