PAN Card 2.0: Modi government has started the PAN card 2.0 project, which has created a lot of enthusiasm among the people. This project will keep your PAN card safe and protect it from fraud. Old PAN cards will also be upgraded. If you have a question in your mind that what will happen to the old PAN card, then this article will answer all your questions. We will tell you what is PAN card 2.0, what are its benefits, and how you can get it.

PAN card 2.0

The arrival of PAN card 2.0 will not affect your old PAN card. Your old PAN card number will remain valid. You do not need to get a new PAN card. If you want to make any corrections or updates to your PAN card like changing information like email, mobile number, address, name, and date of birth, then you can do it for free under the PAN card 2.0 project. There will be no charge for this.

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Why is it important

A PAN card is not just an identity card, but it is also used in many important works. Let us know some of its main benefits:

Mandatory in banking transactions: A PAN card is required for banking transactions of more than Rs 50,000.

Mandatory in filing Income Tax Return (ITR): If your income comes under the tax bracket, then a PAN card is mandatory for filing an ITR.

Helpful in freelancing and business: A PAN card is mandatory for receiving payments from abroad, GST registration, and business transactions.

Helpful in big investments and buying property: PAN card is required for investing in the stock market, buying mutual funds and FDs of more than Rs 50,000.

Helpful in taking advantage of government schemes and subsidies: A PAN card is required in many government schemes.

How to get PAN card 2.0

If you want to make any update to your PAN card, you can do it in the following way:

  1. Visit the official website of NSDL or UTIITSL
  2. Click on the option of PAN card 2.0 online order
  3. Fill in your information
  4. Upload documents
  5. Pay online and submit the form
  6. Check the information and do OTP verification
  7. Download acknowledgment receipt
  8. PAN Card 2.0 will be sent to your address

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