Permanent Account Number (PAN)
A PAN card is a government-issued identification card issued pursuant to the Income Tax Act, 1961. It contains a unique ten-digit alphanumeric code. This code is generated by a computer and is unique to the cardholder.
PAN, or Permanent Account Number, is required to open a bank account, file a tax return, invest in financial instruments, or engage in any other financial activity. The PAN Card contains the cardholder's PAN number and other identifying information. The PAN number search identifies the individual for taxation purposes and stores all of the individual's relevant financial data. As a result, knowing your PAN number is critical for a variety of aspects of your financial life. Therefore, let us ascertain the complete details of this all-too-critical card.