Every person shall quote his permanent account number in all documents pertaining to the transactions specified in the Table below, namely:—

  1. Without any monetary limit –
    • Sale or purchase of a motor vehicle or vehicle,other than two wheeled vehicles
    • Opening an account [other than Basic Savings Bank Deposit Account] with a banking company or a co-operative bank
    • Issue of credit or debit card
    • Opening of a demat account
  2. Amount exceeding Rupees 50,000/-
    • Payment to a Mutual Fund for purchase of its units
    • For acquiring debentures or bonds
    • Payment as life insurance premium to an insurer
  3. Payment in CASH of an amount exceeding Fifty Thousand Rupees-
    • Payment to a hotel or restaurant against a bill or bills at any one time
    • Payment in connection with travel to any foreign country or payment for purchase of any foreign currency at any one time
    • Deposit with a banking company or a co-operative bank
  4. Amount exceeding Ten Lakh Rupees –
    • Sale or purchase of any Immovable property
  5. Amount exceeding Two Lakh Rupees per transaction
    • Sale or purchase, by any person, of goods or services of any nature other than those specified above.