How to find out if your PAN is being misused, Know here

PAN Card Safety Tips: There are some easy ways to check if your PAN is being misused. Learn these essential things, or you'll be in trouble.

The PAN card is a crucial document used in the country. It's required for many purposes. Whether it's opening a bank account, paying taxes, or making a major transaction, PAN is asked for everywhere. This increases the risk of misuse.

Extreme caution is needed when using a PAN card. Many people don't realise if their PAN has been transferred to someone else. If the PAN number is in the possession of an unscrupulous person, they can use it for fraudulent transactions.

Therefore, it's important to periodically check for any suspicious activity being recorded in your name. The easiest way is to log in to your income tax account and view Form 26AS and AIS reports. These reports provide details of all financial transactions made in your name.
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If you see an entry in your account that you didn't make yourself, it's a clear sign that your PAN has fallen into the wrong hands. People often mistakenly store photocopies of their PAN cards in different places without thinking. This habit can lead to problems later on.

If you see an entry in your account that you didn't make yourself, it's a clear sign that your PAN card has fallen into the wrong hands. People often mistakenly store photocopies of their PAN cards in different places without thinking. This habit can lead to problems later on.

Try to provide your PAN card only where it's truly needed. When filling out online forms, always check the website's credibility to ensure your data doesn't end up in the wrong place. Another way is to carefully review your bank statements, as many fraudulent transactions are linked to your PAN.

If you see a transaction in your bank statement that you don't understand, you should immediately initiate an investigation. If you suspect that your PAN is being used for fraudulent purposes, immediately change your password on the e-filing portal and update your security settings in your profile.

If necessary, you can also file a complaint with the cyber cell. In many cases, timely action can prevent significant losses. So, don't delay. Don't take your PAN card lightly. It's the most important record of your identity and financial activities. It's your responsibility to keep it safe.