Pan Card Update: Digitisation has made many tasks easier. People can transact money from home, anywhere, and anytime. However, with the advent of the digital age, fraud is also increasing daily. Fraudsters are misusing people’s personal information. Recently, actor Abhinav Shukla became a victim of this fraud. His PAN card was misused. A fake loan was taken using his PAN card. This incident is not just a warning but a caution for everyone. Your PAN card can also fall into the hands of cybercriminals. You could face a heavy price. Let’s learn how to avoid this.

Wrongful Activities Using a PAN Card

Let us tell you that a PAN card is not only a means to pay income tax, but also your financial identity. It is used to open a bank account, take out a loan, conduct large transactions, and update KYC. Therefore, if it falls into the wrong hands, it can put you at risk by taking out loans in your name.

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How to Detect a Fake PAN Card

If you want to find out if your PAN card is fake, visit the credit bureau website and download the credit report by entering your PAN card number.

Pay attention to the report

Check the report to see if any loans you haven’t taken out are visible. Also, check with any new banks or NBFCs. Check for EMI defaults or outstanding balances. Also, check if the total amount appears suspicious. If someone has misused your PAN card, follow these steps:

First, contact the bank from which the fake loan is appearing.

Follow this procedure to catch a fraudster.

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Follow this procedure

First, contact the bank from which the fake loan is visible.

Follow this procedure to file a report at the nearest police station. Complete all further legal procedures.

Update your complaint with the Income Tax Department and the credit bureau.

Follow this procedure to remove the incorrect entry from your credit report.

How to avoid fraud

When submitting a PAN card copy, write “Self-attested only for this purpose.” Enter your PAN only on trusted and secure websites.

Never enter your PAN through links or apps.