No, you cannot open an Angel One account without a PAN card. PAN is a mandatory document required by SEBI and other financial authorities in India for opening trading and demat accounts. It helps track your financial transactions and ensures your investments are legal and compliant with tax laws. Without PAN, Angel One cannot verify your identity or complete your account opening process.

Why is PAN Card Mandatory for Opening an Angel One Account?

PAN card is mandatory because it acts as a unique identity proof for all your financial dealings. It helps government agencies keep a check on tax compliance and avoid illegal activities like money laundering. For Angel One and other brokers, PAN is essential to confirm your identity and link all your investments under one tax ID. Without PAN, your financial transactions can’t be properly tracked or reported.

What Should You Do If You Don’t Have a PAN Card?

If you don’t have a PAN card yet, you should apply for one as soon as possible. The process is easy and can be done online through the official Income Tax Department website or authorized agents. You will need to submit basic identity and address proofs. After applying, you will receive your PAN card in a few weeks. Having a PAN card is important not only for trading but also for many other financial activities like opening a bank account or filing taxes.

Are There Any Alternatives to PAN Card for Account Opening?

No, currently there are no alternatives to PAN card for opening trading and demat accounts with Angel One. SEBI rules strictly require PAN for all financial accounts related to trading. While Aadhaar is accepted as address proof, it cannot replace PAN for identity and tax purposes. So, having a valid PAN card is essential to start your investment journey with Angel One.

How Does PAN Card Help in Tax Filing for Investments?

PAN card connects all your financial transactions, including stock trading, mutual funds, and dividends, to your tax profile. This helps you file your income tax returns accurately and avoid any mismatches in your tax records. It also helps the government track capital gains tax and apply tax deductions where necessary. Without PAN, it’s impossible to comply with tax rules related to your investments.

Can NRIs Open Angel One Accounts Without PAN?

No, Non-Resident Indians (NRIs) also need a PAN card to open trading and demat accounts with Angel One. PAN is necessary for identity verification and tax compliance, no matter where you live. NRIs can apply for PAN online easily to start investing in Indian markets through Angel One.