PAN card is no longer just an identity card. It has now become an advanced digital tool. The government has introduced PAN 2.0, which comes with modern features like a paperless process, a single online portal, and a dynamic QR code.
However, people who already have a PAN card do not need to worry. Their existing PAN cards are still valid and can be used as before. Here, we will explain the new PAN card system (PAN 2.0) in simple words.
PAN 2.0: What Is It and Why Was It Started
PAN 2.0 was started by the Finance Ministry in November 2024. The goal is to give fast, easy, and paperless PAN services to all taxpayers. Now, all PAN-related work can be done through one online portal. This helps improve India’s digital system.
The new PAN card has a dynamic QR code. When you scan it, you get real-time details. This helps to check if the card is real and stops fraud.
Do You Need a New PAN Card?
Old PAN cards are still valid. If your card was made before 2017 and has no QR code, you can apply for a new one if you want, but it is not required. Only update if you want to change your details.
You can also update your mobile number, email, or address easily. The service is free. If you give wrong details or have more than one PAN, you may be fined ₹10,000. In that case, go to the Income Tax Office and cancel the extra card.