What is PAN 2.0 - Get Answers to Your Queries!

Curious about PAN 2.0 and how it will impact you? This video can answer all your questions!

First, you'll discover that PAN 2.0 is an advanced e-Governance project by the Income Tax Department, aimed at simplifying taxpayer services through updated technology. You can breathe easy, knowing that your existing PAN card remains valid. There’s no need for a new PAN unless you want to update details or make corrections.

Next, the video explains how various PAN-related services will be centralised on a single digital platform under PAN 2.0. Aadhaar linking, PAN allotment, online corrections, etc., all will be accessible at one place. You’ll also find out that e-PAN delivery will be free. However, physical card delivery will cost ₹50 within India and ₹15 plus postal fees for international addresses.

Then, we’ll explain the upgraded features in PAN 2.0. New PAN cards will include enhanced QR codes for instant verification of details like your name, photo, and signature. Remember that existing PAN cards without QR codes will remain valid. The dynamic QR code in PAN 2.0 will offer real-time updates linked to the PAN database.

Hence, the video explores how PAN 2.0 can be a smarter and more convenient upgrade to make services faster and user-friendly.

Key Takeaways

PAN 2.0 is an e-Governance initiative by the Income Tax Department aimed at improving PAN services using advanced technology

The project consolidates all PAN-related services like allotment and updates into a single online portal, to make them faster and more efficient

Existing PAN cardholders do not need to apply for a new card; their current cards remain valid unless they request updates or corrections

Corrections like address changes can be made free of charge once PAN 2.0 is implemented

New PAN cards will feature an enhanced dynamic QR code for easy verification of personal details

Physical PAN card deliveries within India will have a minimal fee of ₹50, while international deliveries will cost ₹15 plus postal charges

Aadhaar-based online facilities continue to be available for updating personal information without additional costs

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First of all, remember that your existing PAN card remains valid. You don't need to apply for a new card unless you make updates or corrections. You can make free updates or corrections through the new integrated online portal. The primary changes include a more advanced QR code and a streamlined digital process. These could help you in managing your PAN-related services easily.

The new QR code will be dynamic and can automatically update the latest information from the PAN database. You can use a special QR reader to verify critical details like your photo, signature, name, and date of birth. This feature has been evolving since 2017-18 and provides enhanced verification capabilities. However, even PAN cards without the dynamic QR code will remain active.

You can make address updates and corrections free of charge once PAN 2.0 is fully rolled out. Currently, you can use Aadhaar-based online facilities to update your details at no cost. After the correction, your new PAN card will be issued to your updated address, making the process simple and convenient.

PAN allotments, updates, and e-PAN deliveries will be completely free under PAN 2.0. For physical card deliveries within India, there's a minimal fee of ₹50. If you require your card to be delivered outside India, you'll need to pay ₹15 plus applicable postal charges.

PAN 2.0 will integrate three previously separate platforms into a single, 100% online and paperless system. This can make PAN-related services like allotment, updates, corrections, Aadhaar linking, and online validation much faster and more eco-friendly. The system represents a major step towards digital governance and improved user experience.

Bajaj Finserv Direct Limited ("Bajaj Markets") offers to its customers, various financial products and services through its digital platform as a registered Corporate Agent with IRDAI, registered Investment Adviser with SEBI, registered Third-Party App Provider (UPI payments), and as DSA or Digital lending platform of its Partners. Further, Bajaj Markets also offers a marketplace e-commerce platform to facilitate transactions between customers and sellers on-boarded on the platform. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522 Corporate Agency (Composite) Registration no.CA0551 (valid till 10-Apr-2027) Investment Adviser, SEBI registration: INA000016083 (Validity - Aug 11, 2021 - Perpetual)

What is PAN 2.0 - Get Answers to Your Queries!

Key Takeaways

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