It aims to make Permanent Account Number (PAN) a ‘Common Business Identifier’ for all digital systems of government agencies. Under the PAN 2.0 project, the PAN card will be upgraded with a QR code for free.

Union Electronics and IT Minister Ashwini Vaishnav said that the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved the Income Tax Department’s PAN 2.0 (PAN 2.0) project. 1435 crore will be spent on PAN 2.0 project.

Advanced Version of PAN/TAN 1.0 Ecosystem

The project aims to provide better quality with ease of access and faster delivery of services. This project is an e-Governance project to re-engineer the business process of Taxpayers Registration Service through technology driven transformation of PAN/TAN service for better digital experience of taxpayers. According to the statement, it will be an advanced version of the existing PAN/TAN 1.0 ecosystem.

Around 78 Crore PAN Cards Issued

Currently around 78 Crore PAN Cards have been issued in the country. 98 percent of these PANs have been issued at the individual level.

What is PAN Card?

It is worth noting that Permanent Account Number i.e. PAN Card is a 10 digit number issued by the Income Tax Department is a very important document for all Indians. They are not only used as identity cards but also used in financial matters. If you want to open a bank account or buy a property, having a PAN card is essential.

The security of the pan will be strict

He said that people give PAN details in many places. The data vault system will ensure that those who have collected our PAN details will keep it safe. There will be a unified portal. Grievance redressal will be given full attention. If people face any kind of problem then it will be solved soon.

Know the answer to every question

Need to apply for a new PAN card? Will your existing PAN card become invalid?

– Union Minister Ashwini Vaishnav said that there is no need to change PAN number. It will not be invalid.

Will you get a new PAN card?

-Yes, you will get a new PAN card.

What new facilities will you get in the new PAN card?

– According to Vaishnav, the new card will have facilities like QR code.

Do you need to pay for pan upgradation?

– Ashwini Vaishnav said that the PAN upgrade will be free and it will be delivered to you.

Related Articles:-

CIBIL Score: Now check your CIBIL score without PAN card, know the complete process

SBI PPF Scheme: An excellent option for safe investment, invest Rs 50,000 to get a fund of up to Rs 13 lakh. Check Details

School Closure Report! All colleges will remain closed for two days in 5 districts of this state, internet will also be banned, know the reason

The post Center approves PAN Card 2.0, will your existing PAN card become useless? Know everything first appeared on Rightsofemployees.com.

In this era of digital world, cases related to cybercrime keep coming to the fore. In such a situation, along with all the documents, it is also necessary to keep the PAN card safe. Some things should be taken care of to save PAN card from cases of fraud.

PAN card is a permanent account number of 10 numbers issued by the Income Tax Department, which holds all the financial information of the card holder. This card is given to a person privately or to a company or firm on behalf of the Income Tax Department.

To keep the PAN card safe, it is most important not to share the details related to the PAN card with anyone until it is needed. It is important to keep the information related to PAN card safe. Whenever it is necessary to fill PAN card details in an online website or form, first check the validity of that website.

If it is necessary to give PAN card details somewhere and you get a request to get its information, then first check the validity of that request. Do not share the information unless you are sure that the information is being sought by a legitimate organization.

Keep checking your bank details and credit card statement regularly, so that if there is any tampering with your bank account, then you can get information about it in time. Report any fraud to the bank or credit card company if you come to know about it.

Do not keep PAN card related information saved in your mobile phone or computer, because if your device is hacked or stolen by someone, you may have to pay for it. To keep its details with you, you can keep its physical copy with you.

The post PAN Card Security: How to keep PAN card safe in the growing age of cybercrime, know safety tips here first appeared on Rightsofemployees.com.