{"id":714,"date":"2018-06-12T12:32:52","date_gmt":"2018-06-12T07:02:52","guid":{"rendered":"https:\/\/www.kenznow.com\/articles\/?p=714"},"modified":"2021-07-08T12:59:36","modified_gmt":"2021-07-08T07:29:36","slug":"students-going-abroad-need-pan-card","status":"publish","type":"post","link":"https:\/\/www.kenznow.com\/articles\/study-abroad\/students-going-abroad-need-pan-card\/","title":{"rendered":"Students Going Abroad Need To Have PAN Card"},"content":{"rendered":"<p>Yes, it is true. All Indian student going abroad, need to necessarily have a PAN card. This is as per the recent <a href=\"http:\/\/www.rbi.org.in\/\" target=\"_blank\" rel=\"noopener noreferrer\">RBI (Reserve Bank of India)<\/a> directive on the money being sent abroad using the Liberalised Remittance Scheme (LRS).<\/p>\n<p>LRS is generally used by students who send money to <a href=\"https:\/\/www.kenznow.com\/study-abroad\/top-university-rankings\/\" target=\"_blank\" rel=\"noopener noreferrer\">universities abroad<\/a> or people sending money to invest in shares and properties abroad. The main fulcrum of this act is to ensure that all money which is being sent abroad is under the individual limits that have been set by RBI. Currently, these limits are USD2,50,000 per person per year under the specified clauses in LRS.<\/p>\n<h2 style=\"text-align: center;\"><strong>What this means for Students:<\/strong><\/h2>\n<p>In the earlier scenario, PAN card was not mandated for transactions less than USD25,000. Now all students need to have a PAN card. The process of obtaining the PAN card is very simple and straight forward. Check out the procedure on the <a href=\"https:\/\/www.incometaxindia.gov.in\/Pages\/tax-services\/apply-for-pan.aspx\" target=\"_blank\" rel=\"noopener noreferrer\">Income-tax department website. <\/a><\/p>\n<h2 style=\"text-align: center;\"><strong>Is there a leeway:<\/strong><\/h2>\n<p>All banks and AD2, necessarily have to follow the diktat from RBI and the same is already effective. Thus there is no option but to obtain the PAN card and have a smooth processing of University fee payment and for the living expenses.<\/p>\n<p><span data-preserver-spaces=\"true\">Explore your study abroad career options by logging on to\u00a0<\/span><a class=\"_e75a791d-denali-editor-page-rtfLink\" href=\"https:\/\/www.kenznow.com\/kenznow-bridge\/students\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong><span data-preserver-spaces=\"true\">Kenznow Bridge<\/span><\/strong><\/a><span data-preserver-spaces=\"true\">\u00a0and get access to unbiased study abroad advisory. Feel free to compare the ranking of various universities at\u00a0<\/span><a class=\"_e75a791d-denali-editor-page-rtfLink\" href=\"https:\/\/www.kenznow.com\/study-abroad\/top-university-rankings\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-preserver-spaces=\"true\">Kenznow University Ranking<\/span><\/a><span data-preserver-spaces=\"true\">. You may share your\u00a0<\/span><strong><span data-preserver-spaces=\"true\">queries with\u00a0<\/span><\/strong><a class=\"_e75a791d-denali-editor-page-rtfLink\" href=\"https:\/\/www.kenznow.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong><span data-preserver-spaces=\"true\">Kenznow<\/span><\/strong><\/a><span data-preserver-spaces=\"true\">\u00a0or email us at\u00a0<\/span><a class=\"_e75a791d-denali-editor-page-rtfLink\" href=\"mailto:now@kenznow.com\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-preserver-spaces=\"true\">now@kenznow.com<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yes it is true. All Indian student going abroad, need to necessarily have a PAN card. This is as per the recent RBI (Reserve Bank of India) directive&#8230;<\/p>\n","protected":false},"author":1,"featured_media":720,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-study-abroad"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Students Going Abroad Need To Have PAN Card - Kenznow<\/title>\n<meta name=\"description\" content=\"Students who going to abroad need to have PAN card. In the earlier scenario, PAN card was not mandated for transactions less than USD 25,000. 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