PAN Application Form 49A/49AA Requirements

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What does EID stand for in the context of Aadhaar?

Enrolment Identification Document

Electronic Identification Document

Electronic Identity Number (correct)

Enrolment Identification Digit

Which organization issues the Aadhaar card in India?

Income Tax Department of India

National Securities Depository Limited (NSDL)

UTI Infrastructure Technology and Services Limited (UTIITSL)

Unique Identification Authority of India (UIDAI) (correct)

What is the purpose of a PAN card in India?

To identify and link tax transactions (correct)

To open a new bank account

To apply for a driving license

To avail discounts at restaurants

What is the significance of a password-protected e-Aadhaar card?

It is a digitally signed copy of Aadhaar Signup and view all the answers

How many digits make up the Permanent Account Number (PAN) in India?

10 digits Signup and view all the answers

What is required to procure a PAN card according to the text?

Application via PAN application center Signup and view all the answers

What must you have correctly detailed before opening a bank account?

PAN card procured Signup and view all the answers

What is required at the time of bank account application according to the text?

PAN Card Signup and view all the answers

How can you retrieve a lost or forgotten EID according to the text?

Through registered mobile number Signup and view all the answers

What is the main purpose of having a bank account according to the text?

To have proof of payment Signup and view all the answers

Ms. Charu wants to open a Savings Account, avail Safe Deposit Locker facility, and later avail a vehicle loan. Which document would she NOT need for address proof?

PAN Signup and view all the answers

What is the significance of a minimum initial deposit when opening a bank account?

It protects the bank from financial loss Signup and view all the answers

Which KYC document is essential for verifying identity but not considered as address proof?

Aadhaar Signup and view all the answers

What is the primary benefit of having a Safe Deposit Locker facility at the bank?

Secure storage for valuables Signup and view all the answers

Why does having a bank account allow individuals to get their money faster compared to check-cashing?

Because banks have faster processing systems Signup and view all the answers

Which of the following is NOT typically included as part of a KYC process?

$10 fee for verification Signup and view all the answers

'Empowering themselves' in the context of financial inclusion most likely refers to:

Taking personal responsibility for financial security Signup and view all the answers

'Digitization of banking infrastructure' is primarily focused on:

Improving online banking services and transactions Signup and view all the answers

What is the purpose of requiring an initial deposit when opening a bank account?

As security against potential loss for the bank Signup and view all the answers

PAN Application Form 49A/49AA Requirements

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