Saturday, 27 April 2019

These 10 Works Cannot be Without PAN card

these-work-cannot-be-without-pan-card
We all know-how important it is to have an Aadhaar card. But do you know why the PAN card is important? Probably not. There will be very few people who understand how much the PAN card is important. Pan Card has become an important document in today's time and there are many works that you can not do without PAN card. Here we are talking about 10 works that can not be without PAN card.

There cannot be much work in India without a PAN card. PAN card is now essential for citizens of India, so make your PAN card as soon as possible.

Without PAN card, you can not open an account in the bank, can not deposit more than 50,000. Without PAN card you can not exchange rupees in foreign currency.

There is a lot more work that is not possible without a PAN card. But very few people know about it. Therefore, we are sharing this information for the awareness of the citizens of India.

We are talking about 10 great things that are not done without a PAN card. Those who often need everyone.

These 10 work cannot be without PAN card

By the way, there is a lot of work without having a PAN card, but we will talk about those which are the most important and those who need it all.

1. To open a bank account

You must have a PAN card to open a bank account, deposit more than 50,000. Without a PAN card, you can open an account in the bank and you can not transact more than 50000 transactions.

It is now mandatory to link the PAN card to the bank account.

2. To book air tickets

Pan Card is mandatory for booking air tickets for foreign travel. If you do not have a PAN card then obviously you can not go abroad.

3. To buy and sell properties

If you want to buy or sell a property, you will need a PAN card to buy and sell a property.

4. To buy a new car

Even if you want to buy a bike or a car, you also have a PAN card. Without a PAN card, you can not buy a vehicle.

5. To pay hotel bills

You also have a PAN card to pay cash of more than 50000 at a time in the hotel or restaurant.

6. To buy jewellery

If you are going to buy Rs. 200,000 jewellery, you need to take a pan card along.

7. To buy shares, bonds or debentures

Pan Card is mandatory for purchase of shares, bonds or debentures and purchase of more than Rs. 50,000 mutual funds.

8. To convert money into foreign currency

You have to have a PAN card to convert rupees into foreign currency. Without a pan card, it is not possible.

9. For children studying abroad

If you want to send your children to study abroad, you will still need a PAN card.

10. For cash transactions of more than Rs, 2.5 lakhs

If you are having cash transactions of more than two and a half lakh rupees, you will need a PAN card for this.

Apart from these, there are many more things that can not be without a PAN card.

Conclusion

In this post we can not do without the PAN card, go about these 10 work. Now you must have understood how important the PAN card is.

That's why I recommend that you get your PAN card as soon as possible. You will need it all the time.

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