How can i sell my property and invest the amount in bank.

Raju kumar (Querist) 17 April 2015 This query is : Resolved
I am a paraplegic, cant able to stand and walk.. i am in bed for the past 12 yrs. I am having only my voter id card issued by election commission of india, i dont have adhar card, i dont have pan card. My name is in my family ration card.. my fathet wrote a will favoring his property belongs to me, and nw i sold it and raised the money need.. i want to invest it in fixed deposit, some r saying that if i want to imvest more than 45000 i need my pan card..1). can i put around 20 lacs on fd without pan card.. ? 2) can i use my brothers pan card to invest money in my name.? 3). how can i apply for pan card is there any online way to apply as i cant able to sit, stand and walk..

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SAINATH DEVALLA (Expert) 17 April 2015
Actually UR questions have to be answered by a chartered account than a lawyer.Pan card is necessary for any deposit exceeding 49900.U cannot use UR brother's Pan Card to deposit in UR account.U can apply for Pan card online by logging on to
www.tin.tin.nsdl.com/pan/newpan

Rajendra K Goyal (Expert) 18 April 2015
You can apply PAN card even online. You would receive it in a month or so. Official Fee is Rs. 105/-

For depositing this much amount you should have PAN Card.

You can not use PAN of your brother for you.

Devajyoti Barman (Expert) 18 April 2015
agree with experts.

ajay sethi (Expert) 18 April 2015
agree with Mr goyal

malipeddi jaggarao (Expert) 18 April 2015
Agreed with expert Mr.Goyal.
1) No, PAN card is necessary.
2) No, the name of the investor and the name in the Pan card should be one and the same.
3) You can apply online.
Above all, where are you residing? In every town there are so many consultants, who will obtain the necessary documents like ration card, Voter ID from you and apply for PAN Card for fee of less than Rs.500/-. You can avail their services. It is very easy. If you are in some city, you can look into justdial.com for these consultants. You need not move from the bed. Nothing to worry.

Elaborate reply is given looking into your health problem though it is not a legal query. All the best to you.