How to Identify PAN Card Fraud and Report Misuse

Ways in which PAN Card Fraud can Occur

A PAN card fraud takes place when a PAN card is stolen, leading to identity theft and illegal transactions. Instances of such illegal transactions can include:

• Purchasing jewellery illegally
• Applying for credit cards or loans
• Renting out hotel rooms or vehicles

How to Complain about PAN Card Fraud

As soon as PAN card misuse comes to light, one should lodge a complaint with the authorities. This is crucial for mitigating financial losses and preventing misuse of your identity in the future.

Knowing how to raise a complaint will let you address the issue efficiently and help resolve the matter. 

Here is a detailed step-by-step guide to follow on how to report misuse of a PAN card:

Step 1: Visit the Tax Information Network's official portal and click on the ‘Customer Care’ option at the top right corner.

Step 2: Choose ‘Complaints/Queries’ from the drop-down menu list.

Step 3: In the complaint application form, fill in all necessary details, write about the complaint, enter the captcha, and click on the ‘Submit’ button.

How to Check Misuse of PAN Card

In the current scenario, issues related to fake PAN card numbers are increasing day by day. To know if your PAN card is misused, follow the below-mentioned stepwise guide:

Step 1: Go to your preferred credit bureau website to find out your credit score. 

Step 2: Enter the relevant data, which includes your financial information. 

Step 3: Provide the OTP sent to your registered mobile number and click on ‘Verify’. 

Step 4: Your credit score will be displayed on the screen. The score will provide an idea of whether your PAN card has been misused or not.

Keep an eye on your financial statements to find out your transaction history. If you notice any suspicious transactions, contact the bank immediately. 

How to Prevent PAN Card Frauds

To avoid PAN card scam, it is mandatory to safeguard your PAN details and be cautious while sharing PAN information. Here is a detailed overview of how you can avoid PAN card scams in future:

• Do not enter your full name and date of birth while filling out application forms on online portals. This information helps in easily tracking your PAN.
• Avoid providing PAN details everywhere without checking the authenticity of the website. Instead, use details that include voter ID, Aadhaar card, driver's license, and others. 
• Always submit photocopies of PAN cards only to authorised companies, keeping track of where you are submitting them. 
• Keep a note of your credit score frequently on online portals.
• De-link your bank account and Aadhaar card whenever needed, as it is no longer a government mandate.
• Keep your PAN card information confidential on your phone.

Summing Up PAN Card Misuse and Ways to Prevent

Preventing PAN card fraud is crucial for protecting your financial well-being. Regularly review your financial statements and reports to detect any potential fraudulent activities in time. If you suspect any misuse of your PAN card, promptly report it to the Income Tax Department’s relevant authority.

Addressing the issue swiftly can safeguard your finances and enable informed decision-making, ensuring your financial security and peace of mind.