Pan card – Recently we listened about news of Pan card misuse ( fraud ), in this post we see how they done this Scam & precautions which we need to take
Fraudsters may steal PAN card details to carry out illegal activities such as identity theft, opening bank accounts, securing loans, making unauthorised transactions, or filing fake tax returns. These activities can lead to financial loss and legal implications for the victim… – by india Today
Methods of PAN Card Misuse ( Fraud )
1. Fake Loans and Credit Cards:
Fraudsters can use your PAN card to take out fake loans or create credit cards. This can negatively impact your credit score, causing difficulties in obtaining loans in the future.
2. Fake Bank Accounts:
Cybercriminals can open fake bank accounts using your PAN card. These accounts can be used for fraudulent activities and illegal transactions.
3. Phishing Scams:
Cyber hackers can send you dangerous SMS messages using your PAN card details. They can wipe out your bank account or steal personal data from your phone in this way.
How to Prevent PAN Card Misuse
- Visit a credit score rating website.
- Check your credit score using your PAN card details.
- These websites will inform you if your PAN card has been used without your knowledge.
- Additionally, a low credit score is a significant indicator of misuse.
How to Report PAN Card Misuse
- File a complaint about PAN card misuse on the Cyber Crime Portal.
- Alternatively, you can visit your local police station to lodge a complaint.
- If you face any issues related to your PAN card, visit the official Income Tax India website.
- Navigate to the complaint section at the bottom of the page.
- Write your complaint and submit the form.
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