PAN Misuse: How To Find Out If Your PAN Card Is Being Misused; What Should Be Immediate Action And Where To Report
PAN Card Misuse : A permanent account number, or PAN, is an essential document required for a number of financial operations, such as income tax and banking. It is impossible to completely rule out the risk of PAN information being exploited because it is shared in multiple locations. How To Find Out If Your PAN Card Is Being Misused, You’ve probably heard that fraudsters have obtained credit cards and loans by using the PAN card information of others.
How To Find Out If Your PAN Card Is Being Misused
How To Find Out If Your PAN Card Is Being Misused, To prevent or lessen such losses, you should act right once if you believe your PAN number is being or has been exploited. First, though, it’s critical to determine whether this is taking place. Whether someone is abusing your PAN without your awareness is still a mystery. How are you going to find out about this?
How to determine whether someone is abusing your PAN
- -Pay careful attention to all of your financial data, such as credit card bills and bank statements. Continue to keep an eye out for any transactions that you are unaware of.
- -Keep an eye on your credit report. Obtain your credit report from any credit bureau, such as CIBIL.
- -Get in touch with the relevant bank, financial institution, or credit bureau if you believe any transactions are unlawful or questionable.
- -Verify your income tax returns. To accomplish this, visit the official website of the Income Tax Department and use your PAN card information to log into your account. Look for any mistakes or unapproved adjustments in your tax return.
- -To find out if there are any unreported financial transactions being made in your name, you can also review the information on your Form 26AS.
In the event that your PAN is being misused, what should you do?
How To Find Out If Your PAN Card Is Being Misused, If you examine your accounts, income tax information, or statements and find any questionable or fraudulent activity, notify your bank or financial institution right away. They can help you look into the problem. How To Find Out If Your PAN Card Is Being Misused, Make a report at your neighborhood police station if you have proof that your PAN card has been used fraudulently. In addition to helping you with the police, this will improve your legal standing in any future proceedings. How To Find Out If Your PAN Card Is Being Misused, Additionally, you should report any suspected misuse of your PAN card to the Income Tax Department. For this, you can call their customer service helpline.
How can I report PAN misuse online?
- -Go to the official TIN NSDL website.
- -On the home page, locate the Customer Care section, which will feature a drop-down menu.
- -From the drop-down box, choose “Complaints/Questions.” The complaint form will open as a result.
- -Complete the complaint form with all the necessary information. Press ‘Submit’ after entering the captcha code.
What is PAN Card Fraud and Its Potential Consequences?
How To Find Out If Your PAN Card Is Being Misused, The use of your PAN card for illegal purposes is known as a PAN card fraud. It is also capable of impersonating you. In the worst situations, financial crime has resulted from the misuse of your PAN card.
Examples of PAN Card Fraud Cases
-  How To Find Out If Your PAN Card Is Being Misused, How To Find Out If Your PAN Card Is Being Misused, Your PAN might be used by someone to obtain loans. You will then be responsible for repaying the debts.
- Your PAN can be used by a criminal to open a bank account and commit fraud. In the end, you will be the one going unnoticed since your PAN card is being utilized for the scam.
-  How To Find Out If Your PAN Card Is Being Misused, How To Find Out If Your PAN Card Is Being Misused, An SMS requesting that you update your PAN may be sent to you. These notifications frequently include a link that you must tap. You can lose money after entering the necessary OTP.
- In a real-world instance, cybercriminals used celebrities’ PAN information to obtain credit cards issued in their names.
Criminals can use your PAN information to purchase jewelry.
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