Know your Pan Card:
PAN card consist of below information:
- Your complete name.
- · Your date of birth.
- · Your Father’s name.
- · Your Photo.
- · Your PAN number.
- And your Signature.
PAN number explanation:
- A typical PAN number consist of 10 alphanumeric numbers e.g. AFZPK7190K
- In which first three characters i.e. “AFZ” in the above PAN are alphabetic series running from AAA to ZZZ.
- Fourth character of PAN i.e. “P” in the above PAN represents the status of the PAN holder.
o “P” stands for Individual,
o “F” stands for Firm,
o “C” stands for Company,
o “H” stands for HUF,
o “A” stands for AOP,
o “T” stands for TRUST etc.
o “B” stands for body of individuals (BOI)
o “L” stands for Local Authority
o “J” stands for Artificial Judicial Person
o “G” stands for Government
- Fifth character i.e. “K” in the above PAN represents first character of the PAN holder’s last name/surname.
- Next four characters i.e. “7190” in the above PAN are sequential number running from 0001 to 9999.
- Last character i.e. “K” in the above PAN is an alphabetic check digit.
Benefits of PAN card:
- PAN card is treated as ID proof and signature proof.
- To open a bank account.
- Get approval for your Loan.
- On deposit or withdrawal of more than 50K at once in bank, PAN card is mandatory.
- While applying for Passport, driving license PAN card is useful.
