1 min read.Updated: 12 May 2022, 09:41 AM ISTLivemint
PAN card scams: Any person can check whether his/her PAN number has been misused by simply generating credit scores
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Permanent Account Number (PAN) card is the most essential document needed for any financial transactions. It comes with a 10 digit alphanumeric number which is nothing but a code containing some vital information about the PAN cardholder.
Every PAN contains 10 digits in a fixed combination of both alphabets and letters. The first 5 characters are always alphabets, followed by 4 numeric digits and ending again with an alphabet.
In recent past there has been increasing number of incidents related to PAN scams.
PAN card scams
In such cases, the PAN information is used and the victim is not even asked for his consent on the issue of a loan.