Yes, an Overseas Citizen of India (OCI) cardholder can apply for a Permanent Account Number (PAN) card. A PAN card is essential for OCI holders engaging in financial activities in India, such as making investments, buying or selling property, or opening bank accounts. Since OCI cardholders are considered foreign citizens, they must apply for the PAN card by filling out Form 49AA. The OCI card itself is generally accepted as a valid proof of identity for the application process.
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