PAN 2.0: How PAN With QR Code Can Save You From Fraud, Scams - Features

The Permanent Account Number (PAN) has long been a cornerstone of India’s financial and administrative systems, connecting individuals and businesses to vital economic activities while promoting financial transparency and compliance. As a key enabler of the digital economy, PAN has transformed into a gateway for essential services, making it indispensable in daily life. 

To enhance user-friendliness and align with technological advancements, the Cabinet has recently approved PAN 2.0, a step forward in redefining how PAN serves India's evolving digital and financial landscape. PAN2.0 has a QR Code feature which gives it additional security features.

PAN 2.0: Benefits Of A QR Code

QR Code has some inherent benefits:

   1. It is unique to your PAN card
   2. Not easy to duplicate, while people can easily duplicate name and picture
   3. Helps in instant verification. 
   4. PAN card data will remain encrypted, because the QR can be detected by a specific software only.

PAN 2.0: A Landmark in Financial Innovation

The PAN 2.0 Project is a transformative initiative to modernise taxpayer registration through advanced e-governance. With a financial outlay of ₹1,435 crore, it re-engineers the PAN/TAN services to offer seamless digital experiences. This project aims to streamline and modernise the process of issuing and managing PAN and TAN, making it more user-friendly and efficient. The project addresses the requirements of taxpayers, focusing on consolidation of multiple platforms/portals and efficient services to PAN/ TAN holders.

PAN 2.0 Benefits:

1. A single portal for all PAN/TAN-related services to simplify access for users.
2. Eco-friendly paperless less processes to reduce paperwork.
3. PAN will be issued free of cost, with quicker processing times.
4. Personal and demographic data will be protected through enhanced security measures, including a PAN Data Vault.
5. A dedicated call centre and helpdesk to address user queries and issues.