Circular No. NSDL/POLICY/2007/0048
Date : August 14, 2007
Sub : Facility for verifying PAN details of demat account holder(s)
Attention of Depository Participants (DPs) is invited to NSDL Circular No. NSDL/POLICY/2006/0007 dated March 3, 2006 wherein DPs were advised to obtain PAN card of the demat account holder(s) and compare the name appearing on the PAN card with the name appearing on the website of the Income Tax Department (ITD) i.e. http://incometaxindiaefiling.gov.in/challan/enterpanforchallan.jsp
All DPs are hereby informed that ITD has now authorized NSDL to provide an internet based service to the eligible entities (which include DPs) for verification of PAN details. The PAN details made available through this facility are as per the ITD database.
In view of this, in addition to the abovementioned ITD website, DPs can also verify the PAN details of the demat account holder(s) by subscribing to the internet based service of NSDL. The internet based service of NSDL for verifying PAN details offers three modes of verification:
(1) Screen based verification
(2) File based verification
(3) Software (API) based Verification
(1) Screen based Verification:
The Users, after login to the Tax Information Network (TIN) website (http://www.tin-nsdl.com / login / Pan Verification) of NSDL, can key-in upto a maximum of five PANs in the screen. The PANs may be entered in the boxes provided in the screen and then submitted. The response giving details of PAN will be displayed in the response screen.
(2) File based Verification:
The Users, after login to TIN website (http://www.tin-nsdl.com / login / Pan Verification) of NSDL, can upload a file containing maximum of 200 PANs (file structure as specified by NSDL). Within 24 hours, a response file containing details of the PANs will be made available to the User. In case, file format is incorrect, the rejection will be made available within 24 hours. The Users can download the response at anytime as per their convenience upto 15 days, by login at the given website link.
(3) Software [Application Programming Interface (API)] based PAN verification:
The facility is an interface that allows the User to make an online verification of PAN by accessing the verification-site through a software application. User would be provided with the URL for this purpose.
Response to the User:
(i) In case of valid PAN, name of the PAN holder, last date of PAN update as per ITD database and the status as "existing and valid" will be displayed. If the PAN is a fake PAN as per ITD database, the status will be shown as "Fake PAN".
(ii) In case the PAN is not found in database, the response will be "not in ITD database". In such cases, if the User is able to provide a proof of this PAN (copy of PAN card or PAN allotment letter) to NSDL, it will be forwarded to ITD for investigation.
For further information on charges and procedure for registration, DPs can visit the TIN website of NSDL at http://www.tin-nsdl.com and click on 'Online PAN verification launched' or contact Mr.Ashish Verma (email id email@example.com) / Ms.Aditi Joshi (email id firstname.lastname@example.org) on Tel. No. (022) 2499 4216 / 4226.
DPs are also advised to ensure compliance with the various guidelines/circulars issued by SEBI and NSDL from time to time with respect to PAN.
For and on behalf of
National Securities Depository Limited