100s of titles, one news app for just $10 a month.
Dive Deeper:
How are cards issued by fintech firms different from regular credit cards?
We explore how cards such as Uni and Slice are distinct from regular credit cards
New PAN rule on cash deposits, withdrawals in bank, post offices explained
New PAN rule on cash deposits, withdrawals: PAN, Aadhaar now mandatory for cash deposits, withdrawals above this amount in banks,…
Quoting PAN or Aadhaar must for deposit/withdrawal of ₹20 lakh, current A/C opening
Currently, PAN and Aadhaar are interchangeable for income tax purpose.
Quoting PAN or Aadhaar must for deposit, withdrawal of Rs 20 lakh, current A/C opening
NEW DELHI: The government has made it mandatory to quote either PAN or Aadhaar for depositing or withdrawing over Rs…
One subscription that gives you access to news from hundreds of sites
PAN to be required in more transactions
Opening of a current account or cash credit account by a person with a bank or post office needs to…
CBDT broadens scope of PAN requirements to track transactions
Cash deposit or withdrawal exceeding ₹2 million in one or more bank account or post office in a financial year…
Get all your news in one place
Latest National news:
Drivers urged to avoid Tuggeranong Parkway near Lyons after traffic incident
Emergency services are attending a traffic incident involving multiple cars.
Read news from The Economist, FT, Bloomberg and more, with one subscription
Learn More
Swansea channel dredge to start in third quarter of 2022
Much-needed dredging of Swansea Channel, announced last December, is now expected to begin in the third quarter of this year,…
Election day press release about asylum seeker boats ‘a disgrace’, Richard Marles says
Acting prime minister says information released by Liberal party about Sri Lankan boats being intercepted should not have been made…
'Society abhors attacks of this nature': Coward punch victim on liquid diet for months
The drunken assailant who put the victim in hospital has been sentenced to a two-year intensive correction order.
Queensland’s newest LNP MP sparks glee – from his former state politics opponents
Election of Colin Boyce to federal parliament leads to a series of taunts from state Labor frontbenchers
From analysis to good news, read the world’s best news in one place
A Triple La Niña Is Apparently Coming For Us And Has Anyone Tried Politely Asking Her To Stop?
Things are about to get wetter than a Harry Styles concert.
The rhetorical heat might be coming out of the Australia-China relationship, but there’s no fundamental shift – yet
‘Congratulatory message’ to Labor PM Anthony Albanese from Chinese premier may lower temperature but substantial ‘reset’ seems far off

How to stay safe from PAN card scams

By Livemint
Check your Form 26A regularly to ensure that there are no suspicious activities on your PAN card.

Every PAN contains 10 digits in a fixed combination of both alphabets and letters. The first 5 characters are always alphabets, followed by 4 numeric digits and ending again with an alphabet.

In recent past there has been increasing number of incidents related to PAN scams.

PAN card scams

In such cases, the PAN information is used and the victim is not even asked for his consent on the issue of a loan. 

How to avoid PAN card frauds?

-Use your PAN card only where compulsory. 

-Don’t fill details of birthdate or full names publicly or on insecure online portals. 

-These details can be used to trace your PAN number on the Income Tax website.

-Secure the original and photocopies of your PAN card. Put the date with your signature when submitting documents. 

-Keep track of the places where you have submitted physical photocopies of your PAN card.

-Conduct credit score checks at regular interval.

-If you have saved your PAN details on your mobile, delete them.

-Check your Form 26A regularly to ensure that there are no suspicious activities on your PAN card. Form 26A of your income tax return records all the financial transactions made with your PAN. 

Steps to check if your PAN card has been misused:

-Any person can check whether his/her PAN number has been misused by simply generating credit scores.

-Through CIBIL, Equifax, Experian or CRIF High Mark, they can detect whether any loan has been disbursed under their name.

-You can also visit fintech platforms such as Paytm or Bank Bazaar to check your financial reports.

-For this, the user need to enter your personal details such as name, date of birth, along with your PAN Card details to find out if someone else has taken a loan on your PAN card.

What is inkl?
The world’s most important news, from 100+ trusted global sources, in one place.
Morning Edition
Your daily
news overview

Morning Edition ensures you start your day well informed.

No paywalls, no clickbait, no ads
Enjoy beautiful reading

Content is only half the story. The world's best news experience is free from distraction: ad-free, clickbait-free, and beautifully designed.

Expert Curation
The news you need to know

Stories are ranked by proprietary algorithms based on importance and curated by real news journalists to ensure that you receive the most important stories as they break.

Dive Deeper:
How are cards issued by fintech firms different from regular credit cards?
We explore how cards such as Uni and Slice are distinct from regular credit cards
New PAN rule on cash deposits, withdrawals in bank, post offices explained
New PAN rule on cash deposits, withdrawals: PAN, Aadhaar now mandatory for cash deposits, withdrawals above this amount in banks,…
Quoting PAN or Aadhaar must for deposit/withdrawal of ₹20 lakh, current A/C opening
Currently, PAN and Aadhaar are interchangeable for income tax purpose.
Quoting PAN or Aadhaar must for deposit, withdrawal of Rs 20 lakh, current A/C opening
NEW DELHI: The government has made it mandatory to quote either PAN or Aadhaar for depositing or withdrawing over Rs…
One subscription that gives you access to news from hundreds of sites
PAN to be required in more transactions
Opening of a current account or cash credit account by a person with a bank or post office needs to…
CBDT broadens scope of PAN requirements to track transactions
Cash deposit or withdrawal exceeding ₹2 million in one or more bank account or post office in a financial year…
Get all your news in one place