FM launches facility for instant, free PAN using Aadhaar

New Delhi: Finance Minister Nirmala Sitharaman officially launched the instant Permanent Account Number (PAN) facility which uses Aadhaar number based e-KYC.

The beta facility was earlier launched in February 2020 on the income tax department's e-filing website.

"The is a paperless, real-time basis facility. As per the income tax department, the turnaround time of allotting the PAN through this facility is 10 minutes. Only those applicants who have a valid Aadhaar number and have a mobile number registered with Aadhaar can use this facility. This electronic PAN (e-PAN) will be issued to applicants free-of-cost", the department said on its Twitter handle. Desk: Asianet Online