PAN 2.0 is an upgraded version of the Permanent Account Number (PAN) system in India. It aims to modernize the PAN card system and make it more efficient and user-friendly. One of the key features of PAN 2.0 is the introduction of QR codes on PAN cards.
Key features of PAN 2.0:
- QR Code: The new PAN cards will have a QR code that can be scanned to verify the PAN details quickly and securely. This will help in various applications, such as online transactions, KYC verification, and tax filing.
- Unified Digital Portal: A unified digital portal will be created for all PAN/TAN services, making it easier for taxpayers to access and manage their information online.
- Enhanced Security: The PAN 2.0 system will have improved security measures to protect taxpayer data and prevent fraud.
- Paperless Processing: The government aims to make the entire PAN system paperless, reducing the need for physical documents and promoting environmental sustainability.
Benefits of PAN 2.0:
- Faster and Easier Verification: The QR code on the PAN card will enable faster and more efficient verification of PAN details.
- Improved Security: Enhanced security measures will protect taxpayer data and prevent identity theft.
- User-Friendly Portal: The unified digital portal will provide a seamless experience for taxpayers to access and manage their PAN information.
- Eco-Friendly: The paperless processing will reduce the environmental impact of the PAN system.
It’s important to note that the existing PAN cards will remain valid during the transition to PAN 2.0. The government will provide a phased rollout for the new PAN cards with QR codes.