Apply for a new PAN card, you will get many special benefits

New Delhi: Recently, the Central Government announced PAN 2.0, under which updating the card can be beneficial for you. Let us tell you that the Modi government has approved the new PAN 2.0 project some time ago. In such a situation, the first question that comes up is whether you should also apply for an upgraded PAN card under PAN 2.0? Here we will tell you about it and also clarify what you can benefit from it? Let us tell you that the Income Tax Department said that existing PAN card holders do not need to get a new PAN under the PAN 2.0 initiative. If you want to make some changes in your PAN, then no fee will have to be paid for it. Under this, you can correct or update the name, date of birth.

After the announcement of PAN 2.0, the first question that comes to mind is should we also update our PAN? Experts believe that people holding old PAN cards or PAN cards without QR code should get the new version with QR code. The QR code found in the PAN card updated with PAN 2.0 helps you avoid scams and makes quick verification easier.

Experts believe that upgrading to the new PAN card design with QR code is an active step, under which users can keep their identity and financial information safe. Here we are going to tell you about some important points. Incorporating QR code technology in the new PAN card greatly reduces the chances of fake or change of PAN card. Personal information encrypted in the QR code is only with the authorities.

This security measure prevents scammers from gaining access to the main PAN. Apart from this, financial institutions can use QR code to authenticate. ID verification becomes easy through the QR code scanning feature on the updated PAN card. Quick verification can protect the PAN card from identity theft etc. With the new QR code, you can also be protected from fake cards.