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PAN card hacked for taking out loans? Know how to keep your PAN card safe

Scams with PAN cards have increased significantly in the past few years. In most cases, scammers target important personalities. But this doesn’t mean you can’t be the next victim. The majority of PAN scams involve fraudsters accepting loans without the knowledge of cardholders.

So, if you have a PAN card and you want to make sure that it is not hacked, or if a loan is taken using your PAN card or not, you can check by the following steps:

  • Check your CIBIL score. You can check it through CIBIL, Equifax, Experian or CRIF High Mark. You can find out if any loans have been approved by checking the CIBIL score difference.
  • Fintech portals like Bank Bazaar, and Paytm allow you to check your financial records and acquire your CIBIL score along with loan details in real-time.
  • Check Form 26A, it is another option to check whether your PAN card was used in taking a loan or not. Form 26A is an annual tax statement given by the IRS that includes records of all your tax payments and financial transactions using your PAN card. You can use this form as evidence to report any suspicious behaviour.

So, these are some of the ways you can stay aware and make sure that no one is exploiting your PAN card.