Answer by Sandra

A correspondence address is the temporary address for sending and receiving mails whereas the permanent address is the parental home address.

Correspondence Address	Permanent Address
Temporary	Fixed and legal
Place where you currently live	Address intended to exist for a long time
Address for sending or receiving mails	Address registered in important documents
Can be provided for tax purposes, Utility services, Online shopping sites etc.,	Can be provided for Government documents like driving license, passport, ration card etc.

Fun Fact: The correspondence and permanent addresses can also be the same.