What is the Full Form and Use of PAN Card?

Here are the top uses of a PAN card for Indian citizens and foreign nationals. It is used to fill out Income tax returns, for purchasing property, vehicles, and making deposits in a Bank over INR 50,000, a PAN card can also be used as an identity proof, investing in mutual funds and insurance, applying for a loan application, for the goods and service tax registration.

PAN card is a unique identification number that is used to help in financial transactions, banking services, investments, or filing ITRs. It contains a 10-digit alphanumeric code. PAN card is valid for a lifetime and doesn't expire regardless of location or employment.

PAN cards can be used for many purposes, like as a proof of identity, proof of address, for filing ITRs, registering a business, can opening a bank account with a PAN card,  for mobile connection or gas connection, for purchasing property, for doing KYC for mutual funds investments, for bank transactions, and to purchase more that 2 wheel vehicles.

PAN cards have details of an individual like the name of the cardholder, the name of the father of the cardholder, date of birth, PAN number, signature, and photo of the individual, which makes it an important document for financial purposes.