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How to remain safe from PAN card scam

Credit Card Scams

How to remain safe from PAN card scam

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Here is how you can remain safe from PAN card scams.

Representational Image / India Today

HIGHLIGHTS

  • In recent years, there has been an upsurge in the number of cases of PAN fraud.
  • Only use your PAN card when absolutely necessary.
  • Keep an eye on your credit score on a regular basis.

Every financial transaction requires a Permanent Account Number (PAN) card, which is the most crucial piece of documentation. It has a ten-digit alphanumeric number on it, which is just a code that carries vital information about the PAN cardholder.

Every PAN contains ten digits made up of a specified alphabet and letter combination. The first five characters are always alphabets, with four numerals and another alphabet following.

In recent years, there has been an upsurge in the number of cases of PAN fraud. The victim’s PAN number is used in such cases, and he/she isn’t even asked for his approval before a loan is provided.

STEPS TO AVOID PAN CAD FRAUDS:

  • Only use your PAN card when absolutely necessary.

  • It is not a good idea to enter your birthdate or full name in public or on insecure web portals.

  • You can check your PAN number on the IRS website using these details.

  • Keep the original and copy of your PAN card safe. Include the date with your signature when submitting documents.

  • Keep note of where you’ve submitted photocopies of your PAN card.

  • Keep an eye on your credit score on a regular basis.

  • If you have your PAN details saved on your phone, delete them.

  • Regularly check your Form 26A to ensure that…

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