Aadhar-PAN Linking: A comprehensive Guide!

Step-by-Step Guide on linking Aadhar-PAN Card | Frequently Asked Questions (FAQs) on Aadhar-PAN Card linking | Income Tax Portal | Deadlines

Introduction: Understanding PAN and Aadhaar

The Indian government has introduced several measures to strengthen the financial system in the country. One such measure is the linking of PAN (Permanent Account Number) with Aadhaar. Aadhaar is a unique identification number issued by the Unique Identification Authority of India (UIDAI) to Indian citizens. PAN, on the other hand, is a ten-digit alphanumeric code issued by the Income Tax Department. Linking PAN with Aadhaar has become mandatory for all Indian citizens. In this article, we will discuss the significance of linking PAN with Aadhaar and the steps involved in the process.

In India, if you want to engage in financial transactions or file income tax returns, you need to have two important identification numbers – the Permanent Account Number (PAN) and the Aadhaar card.

The PAN is a 10-digit alphanumeric code issued by the Income Tax Department of India to individuals, companies, and firms. It serves as a unique identification number for taxation purposes and is mandatory for a variety of financial transactions, such as opening a bank account, buying or selling property, or investing in the stock market.

On the other hand, Aadhaar is a 12-digit unique identification number issued by the Unique Identification Authority of India (UIDAI) to every Indian resident. The Aadhaar card contains biometric and demographic information of the individual, including their name, date of birth, address, and fingerprints.

While the PAN is primarily used for taxation purposes, Aadhaar has a broader scope of usage. It is used for a range of purposes, including identity verification, government subsidies, and welfare schemes. Aadhaar is also used for mobile phone and bank account verification. The Indian government has made it mandatory to link PAN with Aadhaar, as it helps to weed out tax evaders and ensure a better compliance of tax laws. The government has set several deadlines for linking the two identification numbers, and failure to do so can result in a penalty.

However, the mandatory linking of PAN with Aadhaar has been a subject of controversy, with some individuals raising concerns about privacy and security issues. The collection and storage of biometric and demographic data of individuals has raised concerns about the misuse of personal data. Moreover, the process of linking PAN with Aadhaar has been a source of confusion for many individuals, with technical glitches and errors leading to delays and difficulties in linking the two identification numbers. To address these concerns, the government has made efforts to simplify the process and provide assistance to individuals facing difficulties.

Overall, while the mandatory linking of PAN with Aadhaar has raised some concerns, it is an important step towards ensuring better compliance of tax laws and curbing tax evasion. As such, it is important for individuals to understand the significance of both identification numbers and ensure timely linking to avoid penalties and difficulties in financial transactions.

Why Link PAN to Aadhaar?

When it comes to financial transactions in India, the Permanent Account Number (PAN) and Aadhaar are two of the most important identification documents. While PAN is used for tax-related transactions, Aadhaar is a unique identification number issued by the Unique Identification Authority of India (UIDAI) to every Indian citizen. In recent years, the government has made it mandatory for individuals to link their PAN with Aadhaar. In this article, we will explore the reasons why linking PAN to Aadhaar is important.

Firstly, linking PAN to Aadhaar helps to prevent tax evasion. By linking the two documents, the government can track an individual’s financial transactions and income more efficiently. This helps to identify individuals who may be underreporting their income or engaging in tax evasion. It is estimated that linking PAN to Aadhaar has led to an increase in the number of people filing their tax returns, which is a positive sign for the economy.

Secondly, linking PAN to Aadhaar helps to simplify the process of tax filing. With the introduction of e-filing, it has become easier for individuals to file their tax returns online. However, in order to file tax returns, individuals must first link their PAN to Aadhaar. Once this is done, the tax filing process becomes much simpler and can be completed in a matter of minutes.

Thirdly, linking PAN to Aadhaar helps to reduce the instances of fraudulent financial transactions. With the increase in digital payments and online transactions, it has become easier for fraudsters to carry out illegal financial activities. By linking PAN to Aadhaar, the government can track suspicious transactions more easily and take action against individuals who engage in illegal activities.

Fourthly, linking PAN to Aadhaar helps to promote financial inclusion. Aadhaar is a unique identification number that is issued to every Indian citizen, including those who are from economically weaker sections of society. By linking PAN to Aadhaar, these individuals can access financial services more easily and participate in the formal economy. This helps to promote economic growth and development.

Fifthly, linking PAN to Aadhaar helps to reduce paperwork and save time. In the past, individuals had to submit multiple documents in order to complete financial transactions. However, with the introduction of Aadhaar, the need for multiple documents has been reduced. By linking PAN to Aadhaar, individuals can complete financial transactions more quickly and efficiently.

Finally, linking PAN to Aadhaar helps to promote transparency in financial transactions. By tracking an individual’s financial transactions, the government can ensure that individuals are paying the appropriate amount of tax and engaging in legal financial activities. This promotes transparency and accountability in the financial system, which is important for the overall health of the economy.

In conclusion, linking PAN to Aadhaar is important for a variety of reasons. It helps to prevent tax evasion, simplify the tax filing process, reduce instances of fraudulent financial transactions, promote financial inclusion, reduce paperwork, and promote transparency in financial transactions. While there may be some challenges associated with linking PAN to Aadhaar, such as technical glitches and privacy concerns, the benefits far outweigh the drawbacks. Overall, linking PAN to Aadhaar is a positive step towards promoting a healthier and more robust financial system in India.

How to Link PAN to Aadhaar: Step-by-Step Guide

The Indian government has made it mandatory to link PAN (Permanent Account Number) with Aadhaar for all taxpayers. This move aims to curb tax evasion and ensure that every taxpayer has a unique identity that cannot be duplicated. Linking PAN to Aadhaar is a simple process that can be completed online or offline. In this article, we’ll provide you with a step-by-step guide on how to link PAN to Aadhaar.

Step 1: Visit the Income Tax e-Filing website

The first step in linking your PAN to Aadhaar is to visit the Income Tax e-Filing website. You can access this website by typing “https://www.incometax.gov.in/iec/foportal/” into your web browser. If you have never used the e-Filing website before, you will need to register as a new user. Registration is a simple process that involves entering your PAN, name, date of birth, and contact details.

Step 2: Log in to the e-Filing website

Once you have registered as a new user, you can log in to the e-Filing website using your PAN as your user ID and the password you created during registration.

Step 3: Go to the “Profile Settings” section

After logging in to the e-Filing website, you will see a dashboard with various options. Click on the “Profile Settings” option to proceed with linking your PAN to Aadhaar.

Step 4: Click on “Link Aadhaar”

Under the “Profile Settings” section, you will see an option to “Link Aadhaar.” Click on this option to proceed.

Step 5: Enter Your Aadhaar Details

After clicking on “Link Aadhaar,” a new page will open up that requires you to enter your Aadhaar details. You will need to enter your 12-digit Aadhaar number, your name as mentioned on the Aadhaar card, and the captcha code displayed on the screen.

Step 6: Click on “Submit”

After entering your Aadhaar details, click on the “Submit” button to proceed.

Step 7: Verify Aadhaar Details

Once you have submitted your Aadhaar details, the website will display your Aadhaar details for verification. Check the details to ensure that they are correct. If there are any errors, you can edit them before submitting.

Step 8: Click on “Link Now”

If the Aadhaar details displayed on the screen are correct, click on the “Link Now” button to proceed.

Step 9: Confirmation Message

After clicking on “Link Now,” a confirmation message will be displayed on the screen. This message confirms that your PAN and Aadhaar have been successfully linked.

Congratulations! You have successfully linked your PAN to Aadhaar.

In case you face any issues while linking PAN to Aadhaar online, you can also link them offline by filling and submitting Form 60 to the nearest PAN service provider or Aadhaar enrolment centre.

In conclusion, linking PAN to Aadhaar is a straightforward process that can be completed in a few simple steps. It is essential to link your PAN to Aadhaar to ensure that your identity is unique and cannot be duplicated. Moreover, it will help you avoid penalties and legal action from the Income Tax Department. Therefore, every taxpayer must link their PAN to Aadhaar before the deadline.

Benefits of Linking PAN to Aadhaar

In India, the government has made it mandatory to link PAN (Permanent Account Number) with Aadhaar, a unique 12-digit identification number issued by the Unique Identification Authority of India (UIDAI). While the deadline to link PAN with Aadhaar has been extended multiple times, it is important to understand the benefits of linking these two documents.

First and foremost, linking PAN with Aadhaar helps to reduce tax evasion and increase tax compliance. Since Aadhaar is linked to biometric data, it is difficult for people to obtain multiple Aadhaar numbers or use fake identities. This makes it easier for the government to track individuals who may be evading taxes or underreporting their income. By linking PAN with Aadhaar, the government can identify such individuals and take appropriate action against them.

Secondly, linking PAN with Aadhaar makes it easier for individuals to file their income tax returns. Previously, individuals had to submit their PAN card and other documents while filing their tax returns. With the introduction of Aadhaar, individuals can now simply link their Aadhaar number with their PAN card and use it to file their tax returns online. This saves time and eliminates the need for physical paperwork.

Thirdly, linking PAN with Aadhaar is useful for people who have multiple PAN cards. This is because it is illegal to hold more than one PAN card. By linking PAN with Aadhaar, the government can identify individuals who have multiple PAN cards and take action against them. This helps to streamline the tax system and ensure that everyone pays their fair share of taxes.

Fourthly, linking PAN with Aadhaar is beneficial for individuals who want to open a bank account or apply for a loan. Banks and financial institutions use PAN as a primary identification document to verify the identity of individuals. By linking PAN with Aadhaar, individuals can easily provide their PAN and Aadhaar numbers to the bank, which helps to streamline the process of opening a bank account or applying for a loan.

Fifthly, linking PAN with Aadhaar can help to reduce identity theft and fraud. Aadhaar is a biometric identification document that uses fingerprints and iris scans to verify the identity of individuals. By linking PAN with Aadhaar, individuals can be assured that their identity is secure and that their personal information is protected.

Lastly, linking PAN with Aadhaar helps to create a more efficient and streamlined system for financial transactions. This is because Aadhaar can be used as a single identification document for various financial transactions such as opening a bank account, applying for a loan, or filing income tax returns. By linking PAN with Aadhaar, the government is creating a unified system for financial transactions that is easy to use and efficient.

In conclusion, there are several benefits to linking PAN with Aadhaar. It helps to reduce tax evasion, makes it easier to file income tax returns, streamlines the process of opening a bank account or applying for a loan, reduces identity theft and fraud, and creates a more efficient system for financial transactions. It is important for individuals to link their PAN with Aadhaar to ensure that they are compliant with the law and to take advantage of the benefits that come with it.

Significance of Linking PAN with Aadhaar:

The linking of PAN with Aadhaar has several benefits. Some of these benefits are as follows:

  • Reduction in Tax Evasion: Linking PAN with Aadhaar helps the government to keep track of all financial transactions made by an individual. This helps to reduce tax evasion as all transactions are linked to an individual’s PAN and Aadhaar.
  • Streamlining of the Financial System: The linking of PAN with Aadhaar helps to streamline the financial system in the country. It helps to identify duplicate PAN cards and ensures that each individual has only one PAN card.
  • Verification of Identity: The linking of PAN with Aadhaar also helps to verify the identity of an individual. This helps to reduce the chances of fraud and ensures that only genuine individuals are issued PAN cards.
  1. Ease of Filing Income Tax Returns:

Linking PAN with Aadhaar makes it easier to file income tax returns. It reduces the chances of errors in the tax return and ensures that the tax return is filed accurately.

Penalty for Not Linking PAN with Aadhaar:

As per Section 139AA of the Income Tax Act, it is mandatory for all Indian citizens to link their PAN with Aadhaar. Failure to link PAN with Aadhaar can result in a penalty. The penalty for not linking PAN with Aadhaar is as follows:

  1. If PAN is not linked with Aadhaar on or before the due date, the PAN card will become invalid. The government has extended the deadline for linking PAN with Aadhaar several times in the past, but the current deadline is 31 March 2023.
  2. If PAN becomes invalid, the individual will not be able to use the PAN card for any financial transactions. They will not be able to open a bank account, make investments, or file income tax returns.
  3. The individual may also face a penalty of Rs. 10,000 for not linking PAN with Aadhaar. This penalty can be levied by the Income Tax Department.
  4. The government has also stated that if an individual fails to link PAN with Aadhaar, their income tax returns will not be processed until the linking is done. This means that the individual will not be able to claim any tax refunds or carry forward losses if their PAN is not linked with Aadhaar.
  5. Therefore, it is important for all Indian citizens to link their PAN with Aadhaar before the deadline to avoid any penalties or inconveniences.

Frequently Asked Questions about Aadhar-PAN Linking

Q: What is Aadhaar PAN linking? A: Aadhaar PAN linking refers to the process of linking an individual’s Aadhaar number with their PAN (Permanent Account Number) issued by the Income Tax Department of India.

Q: Why is Aadhaar PAN linking necessary? A: The government has made Aadhaar PAN linking mandatory for individuals to file their income tax returns. It is also necessary for various financial transactions, including opening a bank account, making high-value transactions, and applying for loans.

Q: What is the deadline to link Aadhaar with PAN? A: The deadline to link Aadhaar with PAN has been extended multiple times, and the current deadline is March 31, 2023.

Q: How can I link my Aadhaar with PAN? A: There are two ways to link Aadhaar with PAN: online and offline. To link Aadhaar with PAN online, you can visit the Income Tax e-filing portal and follow the steps. To link Aadhaar with PAN offline, you can visit a designated PAN service centre or NSDL office and submit the required documents.

Q: What documents are required to link Aadhaar with PAN? A: To link Aadhaar with PAN, you need to provide your Aadhaar number and PAN. If there is any mismatch in the personal details mentioned on your Aadhaar and PAN, you may need to provide additional documents to correct the details.

Q: What happens if I don’t link my Aadhaar with PAN? A: If you fail to link your Aadhaar with PAN by the deadline, your PAN may become inoperative. This means that you will not be able to use your PAN for financial transactions, including filing your income tax returns.

Q: What is the penalty for not linking Aadhaar with PAN? A: As of now, there is no penalty for not linking Aadhaar with PAN. However, your PAN may become inoperative, and you may face difficulties in conducting financial transactions.

Q: Is it necessary to link Aadhaar with PAN for non-resident Indians (NRIs)? A: NRIs are not required to link their Aadhaar with PAN if they do not have an income in India. However, if they have an income in India, they are required to link their Aadhaar with PAN.

Q: Can I link multiple PANs with a single Aadhaar number? A: No, you cannot link multiple PANs with a single Aadhaar number. However, you can link multiple Aadhaar numbers with a single PAN.

Q: Is it possible to link Aadhaar with PAN if my name is different on both documents? A: If your name is different on your Aadhaar and PAN, you may need to provide additional documents to correct the name on either document before linking them.

Q: Is it mandatory to link Aadhaar with PAN for individuals who do not have an income in India? A: It is not mandatory for individuals who do not have an income in India to link their Aadhaar with PAN. However, it is advisable to do so if they have any financial transactions in India.

Q: Can I check the status of Aadhaar PAN linking? A: Yes, you can check the status of Aadhaar PAN linking by visiting the Income Tax e-filing portal and clicking on the “Link Aadhaar” option.

Q: What are the consequences of linking Aadhaar with PAN for privacy concerns? A: There have been concerns about privacy and data security related to Aadhaar PAN linking. However, the government has implemented several measures to ensure the security of personal data, and the Supreme Court has also upheld the constitutionality of Aadhaar.

Q: Can I link my Aadhaar with PAN if my PAN is already linked with another Aadhaar number? A: No, you cannot link your Aadhaar with PAN if your PAN is already linked with another Aadhaar number. In such cases, you will need to first de-link your PAN from the other Aadhaar number before linking it with your own Aadhaar number.

Q: What are the benefits of linking Aadhaar with PAN? A: The benefits of linking Aadhaar with PAN include easy and hassle-free filing of income tax returns, reduced chances of identity theft, and simplified verification of personal details for various financial transactions.

Q: Is it possible to link Aadhaar with PAN if I have lost my Aadhaar card or PAN card? A: Yes, you can link Aadhaar with PAN even if you have lost your Aadhaar card or PAN card. However, you will need to obtain a duplicate Aadhaar or PAN card and provide the required details to link them.

Q: What is the process to de-link Aadhaar from PAN? A: To de-link Aadhaar from PAN, you can visit the Income Tax e-filing portal and click on the “Link Aadhaar” option. From there, you can select the “De-link Aadhaar” option and follow the instructions.

Q: Can I link Aadhaar with PAN for someone else? A: No, you cannot link Aadhaar with PAN for someone else. Each individual must link their Aadhaar with PAN using their own personal details.

Q: What are the consequences of linking Aadhaar with PAN for tax evaders? A: Linking Aadhaar with PAN helps in identifying cases of tax evasion and black money. It enables the government to track financial transactions and identify individuals who are not filing their income tax returns or underreporting their income. Failure to link Aadhaar with PAN may also lead to penalties and fines.

Q: Is it necessary to link Aadhaar with PAN for senior citizens? A: Yes, senior citizens are also required to link their Aadhaar with PAN if they have an income in India.

Q: Can I link Aadhaar with PAN without a registered mobile number? A: No, a registered mobile number is mandatory to link Aadhaar with PAN as an OTP (one-time password) is sent to the registered mobile number for authentication purposes.

Q: What is the validity of Aadhaar PAN linking? A: Once linked, Aadhaar PAN linking is valid for a lifetime, unless there is a change in personal details such as name, address, or date of birth.

Q: Can I link Aadhaar with PAN for a minor child? A: No, minors are not eligible to obtain a PAN card until they turn 18. Therefore, there is no requirement to link Aadhaar with PAN for minors.

Q: Can I link Aadhaar with PAN for a joint PAN card? A: No, Aadhaar cannot be linked with a joint PAN card. Each individual who is listed on the joint PAN card must link their individual Aadhaar with their individual PAN.

Q: What should I do if there is a discrepancy in my Aadhaar or PAN details? A: If there is a discrepancy in your Aadhaar or PAN details, you may need to update or correct them before linking them. You can update your Aadhaar details online or by visiting an Aadhaar enrollment centre, while you can update your PAN details by submitting a correction form to the Income Tax Department.

Q: Can I link Aadhaar with PAN if I am not an Indian citizen? A: Non-Indian citizens who have a PAN and have an income in India are required to link their Aadhaar with PAN. However, if they do not have an income in India, they are not required to link Aadhaar with PAN.

Q: Can I link Aadhaar with PAN if my PAN is inoperative? A: Yes, you can link Aadhaar with PAN even if your PAN is inoperative. However, it is advisable to first update and activate your PAN before linking it with Aadhaar.

Q: What is the deadline to link Aadhaar with PAN? A: The deadline to link Aadhaar with PAN has been extended several times by the government. Currently, there is no specific deadline for linking Aadhaar with PAN.

Q: What is the penalty for not linking Aadhaar with PAN? A: Failure to link Aadhaar with PAN may result in penalties and fines, as well as difficulties in filing income tax returns. Additionally, the government may also take legal action against individuals who fail to link their Aadhaar with PAN.

Q: Can I link Aadhaar with PAN offline? A: Yes, you can link Aadhaar with PAN offline by visiting the nearest PAN service centre and submitting a form along with the required documents. However, online linking is a more convenient option.

Q: What are the documents required for linking Aadhaar with PAN? A: The documents required for linking Aadhaar with PAN include your PAN card, Aadhaar card, and a registered mobile number.

Q: What is the deadline for linking PAN with Aadhaar? A: The current deadline for linking PAN with Aadhaar is 31 March 2023.

Q. Is it mandatory to link PAN with Aadhaar? A: Yes, it is mandatory for all Indian citizens to link their PAN with Aadhaar.

Q. Can I link my PAN with Aadhaar offline? A: Yes, you can link your PAN with Aadhaar offline by visiting any PAN service centre or Aadhaar enrollment centre.

Q. What is the process for linking PAN with Aadhaar offline? A: To link PAN with Aadhaar offline, you need to fill out the Form 49A and submit it along with a self-attested copy of your Aadhaar card. You can also link your PAN with Aadhaar by visiting an Aadhaar enrollment centre and providing your PAN and Aadhaar details.

Q. What is the penalty for not linking PAN with Aadhaar? A: The penalty for not linking PAN with Aadhaar is Rs. 10,000. In addition, the PAN card will become invalid, and the individual will not be able to use it for any financial transactions.

Conclusion

In conclusion, the linking of PAN with Aadhaar has been a controversial topic in India, with arguments on both sides. While some people have concerns over privacy and security issues, others believe that it will help to streamline the financial system and reduce tax evasion. Regardless of the opinions, it is important to note that the government has made it mandatory for all Indian citizens to link their PAN with Aadhaar. Failure to do so can result in penalties, including the invalidation of the PAN card and a fine of Rs. 10,000.

Therefore, it is recommended that individuals comply with the government’s directive and link their PAN with Aadhaar before the deadline to avoid any inconvenience. It is also important for the government to address the privacy and security concerns that have been raised by the citizens. In any case, the linking of PAN with Aadhaar has the potential to improve the financial system and increase transparency, but it must be implemented with care and consideration for the rights and concerns of the citizens.

How to get Zerodha CMR (Client Master Report) Copy online? [Step-by-step Guide: 2022 edition]

Step-by-Step Guide. How to download Zerodha CMR copy online?

Introduction

Welcome to this post, in case you have probably been asked by a stakeholder for the CMR (Client Master Report) copy from your stock broker i.e. Zerodha. In all probability, you must be have been requested for the Client Master Report Copy ( or abbreviated to CMR) for some off-market transactions. With Zerodha, the process to get the CMR copy is seamless, and easy.

What is Client Master Report (CMR)?

First off, you might have the question. What exactly is the CMR (Client Master Report) copy?

CMR stands for Client Master Report. The CMR copy is a digitally signed PDF copy, that is issued by the broker, with whom you have a demat account; and is sort of a digital snapshot of all the details of your demat account, along with your bank account details.

Mind you, the CMR copy will NOT have the list of securities/equity shares (name, ISIN, quantity) that you own. For that, you will have to refer the Statement of Holdings report that the depositories (viz. CDSL, or NSDL) emails you on a periodic basis.

Can you get the Zerodha CMR copy online?

Yes. You can easily get the CMR copy online through the Zerodha console. It will take about 15 minutes of your time, and the you can follow the step-by-step guide to download the Zerodha CMR copy online.

Step-by-Step Guide to get a CMR copy from Zerodha

Time needed: 15 minutes.

How to get the Client Master Report (CMR) copy online?

  1. Go to “Documents” module of Zerodha Console, and login, if not already logged in

    Visit the following link: https://console.zerodha.com/account/documents, and login, if not already logged in.

  2. Select “Zerodha CMR Copy” from the dropdown of desired documents, and click “E-mail to Me”

    Select the option “Zerodha CMR Copy” from the drop-down option, and click “E-mail to me”. You should then see the following on-screen message: “Zerodha CMR copy has been sent to your registered e-mail”.

  3. The link to download the CMR copy will be sent to your registered email

    You should then receive an email with the link to download the CMR copy. You can use the link to download the document. Mind you, the link is usually valid for 6 hours only, and if not downloaded, the link will expire, and you will have to request for the CMR copy again through an another request, repeating the same process.

  4. Done!

    That is it. You now have a soft copy of the Client Master Report (CMR) that can be shared with any party that would request for the same.

What to do if broker insists on physical CMR copy?

There are still instances, where the broker or any other intermediary may insist on physical copies of the Client Master Report (CMR). Personally, I have also encountered the same.

For this, Zerodha indicates that the digitally signed CMR copy should be sufficient for any transactions. So this digitally signed CMR copy from Zerodha should be sufficient for all purposes.

QUOTE

Digitally signed CMR is as good as physical CMR if your depository participant insists on the CMR for transferring of securities (both off-market or online transfer) or shifting/closing of a demat account. See NSDL regulation (Circular No.: NSDL/POLICY/2021/0075 Dated: July 19, 2021) and CDSL regulation (Circular: CDSL/OPS/DP/POLCY/2021/311 Dated: July 16, 2021 ).

UNQUOTE

Conclusion

So, that is it. You now have the soft copy of the Zerodha Client Master Report (CMR) copy. All the best in your investing journey!

How to apply for IPO through Zerodha [2022 Edition]

[Step-by-step Guide]: How to apply for IPO online through Zerodha

Introduction

So, you must have arrived at this article wanting to know the complete process to apply for your desired Initial Public Offering (IPO) through Zerodha. Hopefully, this article will guide you through the process, and ensure that you apply for the IPO correctly, and ensure that your application is not rejected, owing to points that can be avoided.

Can you apply for IPO online through Zerodha?

YES. You can apply for IPO online through Zerodha. You will find the detailed step-by-step guide below. The application process will take about 15 minutes of your time, followed by the time-delay to receive the UPI mandate, which needs to be accepted within the time frame.

However, please note, and check the pre-requisites before starting the IPO application process.

Checks before you apply

Check the below, before starting with the IPO application process:

  • You have a demat account with Zerodha, along with the login credentials ready at-hand.
  • You have a UPI 2.0 enabled app setup. The list of UPI 2.0 enabled apps can be found at this link.

Step-by-step Guide: How to apply for IPO through Zerodha

Time needed: 15 minutes.

  1. Visit the IPO module in Zerodha console, and login.

    Visit the IPO section, Portfolio module of your Zerodha Console. [link], and login with your Zerodha credentials, if not already logged in.

  2. Select your desired IPO Issue you wish to apply for.

    Under the list of “Ongoing IPOs”, click “Apply” on the IPO you wish to bid for.

  3. Enter the requested details, and click “Submit”

    In the pop-up that opens up, enter all the requested details, viz.
    – Your UPI ID
    – Investor Type i.e. choose from Individual Investor, Employee quota, OR Policy Holder quota
    – Quantity
    – Price
    Next click the check box to accept the terms and conditions, and click “Submit”.
    You will receive a confirmation on screen of the order successfully placed.

  4. Accept the UPI Mandate Request on your UPI 2.0 enabled app

    Finally you will receive UPI Mandate Request on your UPI app of choice (BHIM, Google Pay etc.). Once the mandate is accepted, the application process is now complete.

  5. Done!

    With the acceptance of the UPI mandate, the application process is complete. Meanwhile, you would also receive an email from the exchange with the details of the IPO application order number details.

Conclusion

The online IPO application process for Zerodha is now complete. All you have to do now is wait for the allotment date.

On the date of the allotment, there are two possibilities:

  1. You receive the IPO allotment: In this scenario, the mandate would be executed i.e. the blocked amount would be deducted, and the appropriate number of shares would be credited to your demat account. These shares can be traded/sold with effect from the date of the listing.
  2. You do not receive the IPO allotment: In this scenario, the mandate would be cancelled i.e. the blocked amount would be released, and no other action would be undertaken. Of course, in this scenario, you would also NOT receive the shares.

So, that is it. You have now successfully completed the online IPO application process for Zerodha. All the best in your investing journey!

[Step-by-Step Guide]: How to apply for Equity Shares buyback through Zerodha

How to tender shares for buyback through Zerodha and how to apply for shares buyback through Zerodha

Introduction

Welcome to this article on how to apply for buyback OR tender buyback shares through Zerodha. Buyback, as you might know is one of the methods a company (listed/unlisted) uses to return excess cash reserves back to the shareholder.

Can you apply for equity shares buyback /tender equity shares through Zerodha?

Yes. You can apply for equity shares back / tender equity shares through Zerodha through this simple 3 (three) step process. This process will take a maximum of 15 minutes of your time. Please note that the buyback process through Zerodha will work ONLY in the offer window period. No applications will be accepted before/after the offer window period.

Step-by-Step Guide for tendering shares in buyback process through Zerodha

Time needed: 15 minutes.

  1. Visit the Corporate Actions Section of Zerodha Console

    ◦ Visit the following link https://console.zerodha.com/portfolio/corporate-action-order-window.
    ◦ Login with your credentials, if requested for.

  2. Choose the company you wish to tender shares/ apply for buyback

    ◦ Mouse over the company name, whose shares you wish to tender for buyback.
    ◦ Click on the contextual menu that comes up (a blue bar with three white dots in it), and click “Place Order”.

  3. Enter the desired number of eligible shares you wish to tender for buyback

    ◦ In the next pop-up that comes up, enter the number of shares you wish to tender for buyback, and click “Submit”

  4. Done!

    ◦ You will see an “Order Received” message next to the company name.
    ◦ That is it. The buyback application/tendering process is now complete.

Conclusion

That is it. The tendering/buyback application process is now complete from your end. All you now need to do is to wait until the company (carrying out the buyback) completes the buyback process. Post the same, the investor will be informed of how many shares have been bought back by the company. Post the same, the unaccepted shares will be returned to the demat account of the investor, and the amount (for the accepted buyback shares) will be credited to the bank account mapped with Zerodha for the Equity trading account of Zerodha.

If you like this article, you might like out the other how-to guides on this website.

All the best in your investment journey! Best wishes to you!

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[Step-by-step Guide]: How to apply for IPO through HDFC Bank Netbanking

Step-by-Step Guide on how to apply for IPO through HDFC Bank Netbanking

Introduction

Welcome to this webnotes.in post on how to apply for the latest IPO (Initial Public Offering) through HDFC Bank Netbanking. You might be wanting to apply for the latest red-hot 🔥 IPO that has astronomical GMP (Grey Market Premiums), and your broker/friend/relatives have guaranteed you that you will surely get a listing gain, if you get allotment. However, please note that the applications to IPOs have their risks, which you should research before applying.

Can you apply for IPO through HDFC Netbanking?

The answer is YES. You can apply for IPO through HDFC Bank Netbanking through their Netbanking portal. This process should broadly have six (6) steps, and should take a maximum of 30 minutes ⏳. This process employs the ASBA (Application Supported by Blocked Amounts) method. This ensures that the retails investor’s funds leave his bank account only upon allocation of shares in public issues. The ASBA process also ensures that only the requisite amount of funds is debited to the investor’s bank account on allotment of shares. In this mechanism, the need for refunds is completely eliminated. The entire process is listed below. However, please, please go through the below steps to avoid getting errors, especially a notorious xxxxxx error, which stops the application process in its tracks, and does not allow you to complete the application.

Pre-requisites before you start

Before we start with the application process, please ensure that the following steps/checks:

  • ⚠️ This is important! 🚨 You have allowed the pop-ups for HDFC Bank and HDFC Securities. You can find the processes online for your respective browser, but here we will list process steps to allow pop-ups for HDFC Bank and HDFC Securities in Google Chrome.
    1. Click the More More at the top right of the Chrome browser.
    2. Click Settings.
    3. At the bottom, click Advanced.
    4. Under “Privacy and security,” click Content settings.
    5. Click Popups.
    6. Under “Allowed“, click “Add“. Turn Allowed on or off.  Type https://[*.]hdfcsec.com and https://[*.]hdfcbank.com. This is will ensure that the pop-ups are allowed for HDFC Bank.
  • 📝 The applicant has a bank account with HDFC Bank
  • 📝 The applicant has a demat account (not necessarily with HDFC Securities. You may apply through this method, even if you have a demat account with any of the discount brokers like Zerodha, Upstox, Groww etc.)

Step-by-Step Guide on applying for IPO through HDFC Bank Netbanking

Time needed: 30 minutes.

  1. Login to your HDFC Netbanking Account

    • Go to the HDFC Bank Netbanking URL https://netbanking.hdfcbank.com/netbanking/, and login with your Customer ID, and Password

  2. Under Request, go to the IPO Application section

    • Next, under the Request section on the left hand bar, click to expand
    • Here, click on the IPO Application option.
    • You will get a warning message that you are being redirected to an external site (hdfcsec.com). Here, click Continue.
    • The next screen will be an overview of all the IPOs (Initial Public Offerings) presently in the application window, and these issues can be applied for.

  3. Scroll, and select the IPO which you wish to apply for

    •Here, scroll to the IPO you wish to apply for. Also, please note the correct type of application. Sometimes, the same IPO will have multiple quotas viz. HNI quota, Retail quota, Shareholders quota, or policyholders quota. So, ensure that you apply in the correct quota, under the desired public issue.

  4. Fill in all the desired/required details for the IPO

    • In the “Place Order” screen, choose the correct option from the dropdown under “Select Investor Status”.
    • Under “Bid Details”, enter the desired number of shares under “Shares Bid for”. Do ensure that number of shares are in multiples of the declared lot size. Next to it, under “Price per share Rs. “,enter the desired unit share price you wish to apply for. A good tip is to check the “Cut-off Price” checkbox. This is eliminate any issues with the incorrect share price being entered.
    • Next enter your PAN (Permanent Account Number) details, along with the date of birth details.
    • Under “Depository Details”, choose from NSDL, or CDSL, as the case may be with your demat account details.
    • Under “DP Name”, enter your broker name viz. Zerodha, Upstox, Groww etc.
    • If your demat account is with NSDL, i.e. if your demat account number starts with “IN”, then split your 16 character demat account number into two blocks of 8 characters. Enter the first block of 8 characters starting with “IN” under DP ID, and the rest of the 8 characters (all digits) under “Beneficiary A/C no”.
    • If your demat account is with CDSL i.e. your demat account number is a 16 digit number. If you select the Depository Details as CDSL, then the DP ID would be greyed out. You would need to update the entire 16 digit account number in Beneficiary Account Number field itself.
    • Click “Proceed”.

  5. Confirm on the request for the Online Fund Hold

    • The next popup will be the confirmation screen. Click “Confirm” to proceed.
    • 🚨 In case the pop-ups are not activated, you will NOT get this screen. So, please go back, activate the pop-ups and perform the entire process once again.
    • Next, click “I agree” on the disclaimer.
    • Click “Submit” on the “Online Fund Hold” option to block the amount.

  6. Done!

    • The final screen indicates that your IPO bid has been successfully.

Conclusion

That is it. The entire process to apply for the IPO through HDFC Bank Netbanking has been completed. All you need to do now is to wait until the allotment process has been completed, and you receive the update on whether or not you have received the allotment.

All the best in your investment journey! Best wishes to you!

[Step-by-Step Guide]: How to link your LIC Policy with PAN Card online

Introduction

Welcome to the article on linking the LIC Policy to your PAN Card. This article lists all the process steps to successfully link your PAN card details to your LIC policy.

The answer is YES. You can link your LIC Policy to your PAN Card through the easy online process stated below. The process would take about 15 minutes of your time.

What is the headline for linking PAN Card to LIC Policy?

There is an ongoing drive for the policyholders to link their PAN card details to their existing LIC policies. This is for the policyholders to be eligible to apply for the upcoming LIC IPO/Listing on the Indian Equity markets. For being eligible under the proposed “Policyholder Quota” for IPO application, the last date for linking the PAN card to the LIC policy is Monday, the 28th of February 2022.

Pre-requisites before we start

Before you start, please have the below details ready:

  • List of LIC policy/policies details i.e. the policy number(s),
  • Your PAN Number details,
  • Personal details viz. Date of Birth, Gender, Email Address, Mobile Number

Step-by-step Guide on linking PAN Card with your LIC Policy

Time needed: 15 minutes.

  1. Go to the official LIC Policy- PAN Card Linking Portal

    – Visit the official LIC portal for the linking of the PAN Card details to your LIC Policy https://licindia.in/Home/Online-PAN-Registration.

  2. Next, fill in all the required details viz. Date of Birth, Gender, Email Address, PAN Card Details, Full Name (as per PAN), Mobile Number, along with the Policy details.

    https://linkpan.licindia.in/UIDSeedingWebApp/ .
    – Date of Birth: Fill in the details in the (dd/mm/yyyy) format
    – Gender: Select one of the following options: Male, Female, OR Other.
    – Email Address: Enter your email address
    – PAN: Enter your 10 digit alphanumeric PAN Card details.
    – Mobile Number: Enter your 10 digit mobile number
    – Policy Number: One OR multiple policies can be added at the same time. Click “Add Policy” after entering one policy details to update the view, and then update the next policy number, and so on.

  3. Accept the undertaking, enter the Captcha, and click “Get OTP”

    – Accept the undertaking by clicking the checkbox to the following message
    I hereby submit my PAN as issued by Income Tax Department, Government of India and voluntarily give my consent to link my PAN to all my LIC Policies mentioned above. I also give consent for verification of my PAN with Income Tax Department through DigiLocker. LIC of India has informed me that my PAN details would only be used for validation, e-KYC purpose and for all service aspects related to LIC of India. I will not hold LIC of India or any of its officials responsible in case of any incorrect information provided by me.
    I also authorize LIC to use my mobile number and email id as mentioned above for sending communications.

    – Next enter the visible captcha in the text box.
    – Click “Get OTP”

  4. Enter the OTP (received as an SMS text message on mobile)

    – You will receive a text message that says “OTP for linking your PAN with LIC policies is xxxxxx.”
    – Enter the OTP in the next message window, and click “Submit”.

  5. Registration acknowledgement received, followed by the auto confirmation later on.

    – The next screen will indicate the following message “Request for PAN registration received. Your PAN received for linking to your following LIC policies. – [xxxxxxxx, xxxxxxxx].
    – Later on, you will receive a final confirmation that the LIC Policy- PAN linking has been completed

  6. Done!

    That is it. The linking process of the LIC policy with the PAN details is now complete.

Conclusion

So, hopefully, the detailed process listed above helped you to successfully link your LIC policy with the PAN Card details.

Best wishes on your investing journey!

How to Apply for Mutual Fund New Fund Offer (NFO) through Zerodha Coin

Zerodha Coin | NFO | Mutual Funds New Fund Offer | Mutual Funds NFO

Introduction:

You have probably come to this article wanting to apply for the latest NFO (New Fund Offer) through Zerodha Coin. This NFO, may have been announced by your favourite Mutual Fund House OR your friend/colleague has tipped you in on the latest NFO that is expected to do well. Either way, read on!

So, can you apply for the NFO (New Fund Offer) through Zerodha Coin?

Answer: Yes, you can apply for NFO (New Fund Offer) though Zerodha Coin through a simple six-step process, listed below, that will take a maximum of 20 minutes of your time.

What is a New Fund Offer (NFO)?

Before we start, you might have a basic question. What exactly is a New Fund Offer? To state it simply, a New Fund Offer can be explained as the first subscription opportunity for any new mutual fund announced by any of the Mutual Fund Houses/Asset Management Companies in India. There is a window period, wherein potential investors can apply for the NFO.

New Fund Offerings could be either

  • Close-ended funds (where the mutual fund can be applied for ONLY during the application period, and the mutual fund closes for any fresh cash inflow, and the investment, and redemption rules are carried out as per the scheme document), OR
  • Open-ended funds (where the mutual funds after the initial NFO period opens up for regular investments, whether lump-sum, or Systematic Investment Plan i.e. SIP method).

Think of an NFO like an IPO (Initial Public Offering) for a mutual fund.

Pre-requisites before we start to apply

Before we start, we assume the following points:

  • You have a demat account with Zerodha Broking. The Zerodha demat account number is in a 16-digit format: 12081600 12345678, where the first 8 digits (viz. 12081600) are of Zerodha DP ID, and last 8 digits (viz. 12345678, in this example) are the Customer ID.
  • You have adequate balance in your bank account (mapped with Zerodha) to ensure that the NFO amount can be deducted at the pre-decided timelines, and
  • You gone through the Scheme Offer Document, to ensure that the objectives of the offered mutual fund scheme are aligned with yours. Please do not go on peer pressure. Assess whether the declared mutual fund rationale aligns with your objectives, and only then apply for the NFO.

Detailed How-to Guide on the NFO Application Process

Time needed: 20 minutes.

  1. Login to Zerodha Coin Website

    Go to the Zerodha Coin URL viz. https://coin.zerodha.com/, and login with your Zerodha credentials.

  2. Navigate to the Mutual Funds module in the dropdown under the Dashboard, at the top left.

    – At the top left of the screen, click on the Dashboard, and select Mutual Funds

  3. Navigate to the “Explore” module under Mutual Funds

    – Click on the Explore option. Mostly probably the default selected option is “Holdings”. Select “Explore”.i.e. the option to the left of “Holdings”.

  4. Next, click on the “Apply Now” option at the bottom left

    – Click on the “Apply Now” button at the bottom left i.e. the Blue button.

  5. Scroll to the desired mutual fund NFO you wish to apply for

    – The list opens to a scrollable list of all the NFO that is presently in the subscription window.
    – Pro-tip: If you click on the name of any mutual fund NFO, the Scheme Information Document will open in a new window with all the details of the selected fund. This should help you with any detailed information for the mutual fund.
    – Scroll to the Mutual Fund NFO you wish to apply for.

  6. Enter the desired amount you wish to invest, and click “Place Order”

    – Here, enter the desired amount you wish you invest, and click “Place Order”.
    – Do note that you can go back, and either modify the desired investment amount OR delete the order altogether anytime during the subscription period.

  7. Done!

    – That is it! You are done with the application process.
    – Just wait until the declared timelines, and the Mutual Fund House will first deduct the desired amount from your account, and later issue the mutual fund units, as per the NAVs.

Conclusion

So that is the detailed process to apply for any ongoing New Fund Offer (NFO) being offered by any of the mutual fund houses. However, as stated earlier, please go through the scheme offer documents, to ensure that the investment outlook, and expectations are aligned with yours (as an investor).

Best wishes on your investment journey!

How to register on CoWIN website for COVID vaccination?

Introduction

This article is the step-by-step guide, on how to register on CoWIN portal for the COVID-19 vaccination rollout across India.

Pre-requisites and FAQs before you register on the CoWIN portal

Who are eligible for the vaccination in the first round of the vaccination drive?

The following are the eligible persons in the sequence of priority
• Healthcare and essential workers
• Persons above 50 years of age
• Persons aged below 50 years, but with comorbidities.

What all documentation would I need to carry with me, when visiting the medical centre for the vaccine shot

You should carry the following documents
• The vaccination appointment letter (soft copy or physical hard copy)
• Original Photo ID proof document (refer FAQ #3 for the list of accepted Photo ID proofs
• Only in the case of comorbidity, please carry a medical certificate at the time of the appointment

What are the accepted Photo ID proofs for the vaccination?

The medical centre will accept the following Photo ID documents:
• Aadhar Card
• Driving License
• PAN Card
• Passport
• Pension Passbook
• NPR Smart Card
• Voter ID

Is there any helpline for the CoWIN portal?

Yes. You may use the following helpline/ toll-free numbers, in case of any issues.

Helpline Number : +91-11-23978046
Toll Free Number: 1075

Steps to apply for vaccination appointment on CoWIN portal

Time needed: 15 minutes.

  1. Visit the CoWIN website

    • Visit the CoWIN URL of GoI https://www.cowin.gov.in/

  2. Select the “Register Yourself” option at the top right of the page

    • At the top right of the page, you will see the option “Register Yourself”. Click it.
    • Alternatively, you can also register using the Aarogya Setu option as well.

  3. Next, enter your mobile number, and enter the OTP.

    • In the next window, enter your 10 digit mobile number, and click “Get OTP”.
    • Next, enter the OTP received on your mobile in the requested field, and click “Verify”.

  4. Enter the registration details

    • Select the Photo ID Proof to be used.
    • Next, enter the Photo ID number
    • Enter the name, as per the Photo ID Proof.
    • Enter the name, as it appears in the ID proof document
    • Choose the gender.
    • Next, enter the Year of Birth, as it appears in the Photo ID document.
    • Click “Register”.
    Register for Vaccination- CoWIN

  5. Add any additional family members

    • You can map any additional family members under the same mobile number (up to a maximum of 4 members in all).
    • Click on “+Add More” option to add any additional family members.
    • Repeat step #4 for the additional family members as well.

  6. Schedule the vaccination appointment for each family member

    • Click the “Schedule” button to schedule the date/time for the vaccination.
    • You can also select all the mapped family members, and then click “Schedule Appointment”.
    • Enter your PIN Code in the next screen to see the available locations for vaccinations, as well as the date and time-slot available.
    • Click “Confirm”.

  7. Your vaccination appointment is confirmed

    • You will receive the confirmation message that the appointment has been confirmed.
    • Also, you will have the provision to download a pdf copy of the appointment confirmation letter.
    • Please carry a physical or a soft copy of the letter, when visiting the medical facility for the vaccine shot.

Check out other how-to guides, and info-wiki articles on webnotes.in.

How to increase HDFC Credit Card Credit Limit

Introduction

This article is the step-by-guide to increase the credit card limit of your HDFC Bank Credit Card. This article will list all the steps involved to do so via the HDFC Bank Netbanking portal.

Before we start

We assume the following:

  • You have a bank account with HDFC Bank.
  • You have an HDFC Bank Credit Card.
  • Net banking has been activated for the HDFC Bank bank account/Credit Card in question.

Step-by-Step Guide to increase your HDFC Bank Credit Card Credit Card Limit.

Time needed: 30 minutes.

How to increase your spending limit of your credit card.

  1. Login to the HDFC Bank Netbanking portal

    a. Go to the https://netbanking.hdfcbank.com/netbanking/.
    b. Login with the User ID/Customer ID, IPIN/Password, and Secure Access Image/ Message.

  2. Navigate to the “Cards” section of the Netbanking Portal

    a. Click on the “Cards” section of the portal.

  3. Go to the “Request” Section on the side bar, and then select “Credit Limit Enhancement”

    a. On the left sidebar, under “Credit Cards, click on the “Request” option, to open/toggle further options.
    b. Scroll down, and select the “Credit Limit Enhancement”.
    c. In the main screen, now, from the drop down menu, choose the card which needs the credit limit enhancement, and click “Continue”.

  4. Choose the new desired Credit Limit

    a. In the next screen, you will see the card number, current credit limit, and eligible limit.
    b. In the final field, you will note a box, where you can enter the new desired credit limit. Enter the amount (this of course, should be less than, or equal to the eligible limit amount.
    c. Click “Continue”.

  5. Confirm the revised Credit Limit

    a. In the next screen, verify the details, most importantly the revised credit limit desired.
    b. Click “Confirm”.

  6. Done! The Credit Card Spend Limit has been immediately.

    a. The credit limit is updated immediately.

Conclusion:

So, that is it. These are all the steps you need to update/enhance your HDFC Bank credit card limit. This enhanced limit amount can be utilised immediately for any spends.

Check out other how-to guides, and info-wiki articles on webnotes.in.