Will this thing be closed if the PAN card is not upgraded? These are the rules.

PAN Card Rules: Will the old PAN cards have to be upgraded after the arrival of PAN 2.0? If not updated, will they be canceled? If you also have such a question in your mind. Then know the answer.

The Government of India issues many important documents to the citizens. Many of these documents are very important. You need them for some work every day. Talking about them, a PAN card is an important document.

If you do not have a PAN card, then you will not be able to do banking-related work. Along with this, you will not be able to file income tax returns. At the same time, investing in the stock market will also become very difficult for you.

In India, PAN cards are issued to people by the Income Tax Department. PAN cards have 10 digits or alphanumeric, they have both letters and numbers. Which establishes the unique identity of every person.

PAN 2.0 project has now been launched in India under the Digital India campaign. This will replace the PAN 1.0 system that has been running in India till now. Now all the PAN cards that will be issued will be issued under PAN 2.0.

The PAN card issued under PAN 2.0 will have a special QR code, just like the Aadhar card, by scanning this QR code, the verification process can be easily completed online.

Now this question is coming in the minds of people that after the arrival of PAN 2.0, will the old PAN cards have to be upgraded? If not updated, will they be cancelled? If you also have such a question in your mind, then let us tell you that this is not going to happen.

Under PAN 2.0, everyone will not need to upgrade their PAN card. But if anyone makes any kind of change in the PAN card. In name, address, or other information, then the PAN card issued to him will automatically be upgraded and come under PAN 2.0. Which will be absolutely free.