Are you worried about misuse of your PAN card by someone else? Here’s how to check if you’ve been a victim of a scam
PAN card with changing times (PAN Card) and Aadhaar card(Aadhaar Card)The utility of has started to increase very rapidly. PAN and Aadhaar card are required for settlement of any financial work. PAN Card Income Tax Department (Income Tax Department) Issued by It is used for many important purposes like opening a bank account, buying property, buying jewelery whenever we go to take a loan from a bank the bank first checks our CIBIL score through our PAN card. PAN card is often used to complete verification tasks. With the increasing use of PAN card, the incidence of fraud associated with it has also increased. The Income Tax Department has advised people to keep their PAN data safe as it can be misused.
Loans are being taken in the name of others through PAN card
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Recently there have been many such cases where fraudsters have stolen people’s PAN card details and taken loans in their names. PAN card details should not be shared with anyone without thinking. If someone else has taken the loan in your name then the responsibility will also be yours. If you do not repay these loans on time, your credit score may also deteriorate.
Monitor CIBIL score
Experts keep advising PAN card holders to check CIBIL score periodically. This shows that no other person has taken the loan in your name. If you want to check your CIBIL score then you can check…
