PAN Card Misuse: A permanent Account Number (PAN) is a vital document that is necessary for various financial transactions, including banking, income tax, and others.
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Since PAN information is shared in various places, the possibility of it being misused cannot be ruled out. You must have heard that cybercriminals have used other’s PAN card information to acquire credit cards and loans.
If you suspect that your PAN number is being or has been misused, it is important to take immediate action to avoid or minimize potential losses. But first, it is important to know whether this is happening. The question also remains whether someone is misusing your PAN without your knowledge. How will you receive information about this?
How to find out if your PAN is being misused
– Keep a close eye on all of your financial information, including your bank statements and credit card bills. Keep checking to see if any transactions are taking place about which you are not aware.
– Monitor your credit report. Get your credit report from CIBIL or any other credit bureau.
– If you suspect any suspicious or unauthorized transactions, contact the credit bureau, concerned bank, or financial institution.
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– Check your income tax account. To do this, go to the Income Tax Department’s official website and log in to your account using your PAN card details. Check your tax filing for any errors or unauthorized changes.
– You can also check the details of your Form 26AS to see if any financial transaction is being done against your name that you are unaware of.
What should you do if your PAN is being misused?
Inform your bank or financial institution immediately if you notice any fraudulent or suspicious transactions when you check your statements, accounts, or income tax details. They can assist you in investigating the issue. If you have evidence of your PAN card being misused, file a complaint at your local police station. This will not only assist you with the police, but it will also strengthen your legal position in any further action. In addition, you should contact the Income Tax Department to report suspected misuse of your PAN card. You can utilize their customer care helpline for this.
How to report misuse of PAN online?
– Visit the TIN NSDL official portal
– Find Customer Care section on the home page, which will have a drop-down menu
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– Select the ‘Complaints/ Queries’ option from the drop-down menu. This will open the complaint form
– Fill in all the required details in the complaint form. Enter the captcha code and press ‘Submit’.
