What's pan card

A PAN (Permanent Account Number) card is a unique 10-digit alphanumeric identifier issued by the Indian Income Tax Department. It serves as a vital proof of identity and is mandatory for various financial activities in India. Key purposes include:

• Filing income tax returns and tracking tax payments.
• Opening bank accounts and applying for credit or debit cards.
• Conducting high-value transactions, such as purchasing a vehicle or property.
• Investing in securities, mutual funds, or fixed deposits exceeding ₹50,000.
• Registering a business or company.