Do not Make These 6 Mistakes With Your PAN Card, You Could Face Financial Loss

PAN Card Update: Nowadays, the Aadhaar card and PAN card have become the most important documents. While the Aadhaar card proves your identity, the PAN card is essential for financial transactions. With the PAN card, you can pay income tax, file returns, open a bank account, apply for a loan, obtain a credit card, buy or sell property, obtain an insurance policy, and send money abroad. The Indian government issued it under Section 139A of the Income Tax Act of 1961.

How can a PAN card be used for fraud?

A copy of the PAN card is often required for bank, insurance, or other financial transactions. It contains the name, date of birth, photo, PAN number, and signature. If this information falls into the hands of a scammer or cyber fraudster, it could be exploited. This could lead to the opening of a fake company or a fake bank account.

Don’t make these mistakes when using your PAN card

Do not submit a photocopy of your PAN card without the date and signature.

Do not use your PAN card at a cyber cafe; there’s a high risk of fraud.

Do not store your PAN card number or related information on your phone, laptop, or computer.

Do not click on unknown or fake links.

If someone sends you a link to update your PAN via mobile or email, don’t click on it.

Regularly check your credit score and financial transactions to detect any fraud.

How to check if there’s a loan against your PAN

If you want to know if someone has taken a loan using your PAN card, visit CIBIL’s official website: https://www.cibil.com/freecibilscore. Click on “Get Your Cibil Score,” complete the registration, and create a password. Then, enter your PAN number and click “Check Your Cibil Score.” After verifying the OTP, all loan information linked to your PAN will appear on the screen.

How to file a complaint in case of a scam?

If you have been scammed or someone has taken a loan using your PAN card, immediately file a report at the nearest police station. Alternatively, you can also file a complaint on the official portal at https://www.protean-tinpan.com/.