Bulk PAN verification

The Bulk PAN verification is an authentication process followed by the eligible entities. Online bulk PAN verification came into existence for saving the time of banks and financial institutions for verifying the PAN details as a part of government regulatory measures. The procedure of PAN verification takes place based on the guidelines set by the Central Board of Direct Taxes. The best part of bulk PAN verification is that it can check almost 100 or 1000 PAN records available in the Income Tax Department Database.

Ways of doing the Bulk PAN verification

Screen-Based Verification In this, the user is allowed to verify 5 different PAN Cards at the same time. Post the verification, results will be reflecting on the response screen.
Film and Screen-Based verification Under this, the user can check up to 1000 PAN cards at the same time. The results are uploaded in a pre-defined file format. The time taken for the result to get displayed is 24 hours and files are available for download for 15 days.
API Software-based PAN verification This is a software-based interface that allows online verification by providing access to the online bulk PAN verification website.

Who is accountable to do online Bulk PAN verification?

At present, the online Bulk PAN verification is available at the website of NSDL e-Governance Infrastructure Limited and UTIITSL. To avail of the bulk PAN verification service, one has to complete the registration for the service on the applicable website.

Documents required to avail of the services of the Bulk PAN verification

  • Reserve Bank of India License
  • SEBI Registration Certificate
  • Statement of Financial Transaction receipt confirmation from IT department.
  • Latest Annual Information Report provisional receipt
  • Latest provisional receipt of TCS or TDS
  • Copy of Insurance Regulatory and Development Authority of India) issued license
  • National Housing Board (NHB)-issued certificate
  • Certificate issued by regulatory body (for educational institutions)

Who all are eligible to apply for Bulk PAN verification Scheme?

  • Bank and Financial institutions
  • Mutual Fund
  • Insurance Companies
  • KYC registration agencies
  • Goods and Services Tax Network
  • NBFCs
  • RBI approved credit information companies
  • DSC issuing authorities
  • Stamp and Registration Department
  • Educational Institutions established by Regulatory Bodies
  • Housing Finance Companies
  • Insurance Regulatory
  • Central and State Government Authorities
  • Companies are required to provide a Statement of Financial Transaction (SFT) or Annual Information Return (AIR).
  • Commodities Exchange/ Stock Exchange of India
  • SEBI approved investment advisor
  • Any other entity required to furnish Annual Information Return (AIR)/Statement of Financial Transaction (SFT).

Step to follow for making registration for Bulk PAN verification scheme

  • Log on to the website of Income Tax E-filing and choose the option of ‘ Register yourself’. It is visible on the homepage.
  • Click on the ‘Bulk PAN Verification User’ to do the selection of user type.
  • Share PAN and TAN details of the agency, in case it is applicable, PAN details of the person, password details, principal contact details, and the digital signature certificate.
  • After that click on ‘Submit’.
  • It is a must for a person who is doing bulk PAN verification to submit the authorization letter duly signed by the agency head.
  • After that, the PAN request evaluation will take place and approval will be given on receiving all documents.
  • After evaluating all the details mentioned, an email will be sent to the registered email address along with the details of a User ID and activation link of an e-filing account.
  • The user can now log in with a new User ID and the Password they registered to complete the process

Note: You are required to provide the registration fee payment details when you are uploading the Digital Signature Certificate copy to complete the registration process for verification of PAN in bulk.

Common user Responses on making a request of Bulk PAN verification

Status of PAN Information available to user
Valid PAN PAN Status
Pan holder name
Name printed on PAN
Latest date of PAN update
Valid PAN with merger, acquisition, etc. events Current PAN status with event
PAN holder name
Latest date of PAN update
Name printed on PAN
Deleted/Deactivated PAN No additional details apart from “Deleted” or “Deactivated” status
Fake PAN Just a message showing “Marked as Fake” is displayed
Message displayed reads “not present in ITD database”. If the PAN holder can provide proof of this PAN, such as PAN allotment letter or PAN card copy, an investigation maybe launched by the IT Department.
PAN not available on database Message displayed reads “not present in ITD database”. If the PAN holder can provide proof of this PAN, such as PAN allotment letter or PAN card copy, an investigation maybe launched by the IT Department.