PAN 2.0: The government has decided to upgrade the old PAN card to bring transparency in financial transactions, annual income, banking sector, government schemes and income tax returns. For this, the Central Government is going to start PAN 2.0 project.
Now many questions must be arising in the minds of people, including what to apply for a new PAN card, will the PAN 2.0 project spoil the old PAN cards, how will the new PAN card bring transparency? It is natural for all these questions to arise, but the biggest question at the core of all this is whether the new PAN card will be used like Aadhaar? If you also have some such questions, then here we are telling you about all these.
Why did Aadhaar become such a strongman?
After fake Indian identity cards were used by Pakistani terrorists in the 2007 Mumbai attacks, the government felt the need for a unique identification number for every citizen of the country. After this, the Central Government laid the foundation of Aadhar Card which has become the most important document in today’s time.
If you want to understand the essentiality of Aadhaar card in simple words, then you can understand that Aadhaar card is required for everything from getting cheap government ration to getting a passport for going abroad. Even if you go to a bank or post office to open an account, Aadhar card is used there also. At the same time, the government has also made it mandatory to link PAN card with Aadhar card.
Will PAN 2.0 also follow the same path?
PAN 2.0 will be more hi-tech than Aadhar card. Actually, it is advisable to update the biometrics of Aadhar card every 10 years, but there will be no need to update PAN 2.0. The new PAN card will have QR code, which will make PAN verification easier.
Along with this, PAN 2.0 will have many such features which will be helpful in preventing financial fraud. If your PAN card has been made, then there will be no need to make PAN card again and the old PAN card will remain valid. The new PAN 2.0 will be an upgraded version of the old PAN. People do not need to change their PAN number.