Is it safe to share pan card number?

Having worked in banking, I can share that PAN is often called the master key of your financial identity. Here's what criminals can potentially do with your PAN:Potential misuse:- Open bank accounts in your name (with other forged documents)- Take loans using your identity- File fraudulent tax returns to claim refunds- Create fake identities for various scamsSafe sharing practices:- Redact other details when sharing PAN copies - only the number is usually needed- Use masked PAN when possible (last 4 digits visible)- Ask if alternative ID can be used instead- Keep a record of where you've shared your PANThe good news is that PAN alone cannot empty your bank accounts, but it's the first step in identity theft. Always be cautious, and if in doubt, verify the requester's authenticity through official channels.

Sharing your PAN card number requires caution as it's a sensitive identity document:Generally safe to share with:- Banks and financial institutions for account opening, loans- Employers for salary processing and tax deductions- Income Tax Department for filing returns- Registered mutual fund companies and stock brokers- Government agencies for official purposesRisky to share with:- Unverified websites or unknown individuals- Cold callers claiming to offer financial products- Social media or public forums- Unauthorized agents or middlemenPrecautions when sharing:- Verify the legitimacy of the requesting party- Ask why they need your PAN number- Ensure secure transmission (avoid emailing unnecessarily)- Monitor your financial statements regularlyWhile PAN alone cannot be used to withdraw money, it can be misused for identity theft or fraudulent activities.

Your PAN card number should be shared only with trusted financial institutions, like banks, tax authorities, or government agencies. Avoid sharing it on social media or with unknown parties as it can be misused for identity theft, fraudulent loans, or tax evasion.