In today’s digital era, your PAN which stands for Permanent Account Number, card is more than just an TAX ID. It’s an important document that connects you to your financial journey. Whether you want to check active loans, link your PAN card to your bank account, or update your mobile number, this blog will give you a step by step guide. Lets dive in!
How to Check Active Loans on PAN Card
Your PAN card is linked to all your financial activities, including loans. If you are looking to check if there are any active loans under your PAN, follow these steps.
Step 1: Visit the CIBIL Website
CIBIL (Credit Information Bureau India Limited) is one of the most popular and trusted credit bureaus in India. It provides your credit score and Loan details linked to your PAN.
- Go to the official CIBIL website: www.cibil.com.
Step 2: Create an Account
- If you don’t have any account on CIBIL, Sign up using your details name, email, and PAN card number.
- Verify your identity by providing the required documents.
Step 3: Check Your Credit Report
- Once logged in, you can access your credit report.
- Look for the “Accounts” section to see all active loans and credit cards linked to your PAN card.
Step 4: Review Loan Details
- The report will show the lender’s name, loan amount, and repayment status.
- If you find any loan you don’t recognize, report it immediately to the lender and CIBIL.
How to Check if Your PAN Card is Linked to Your Bank Account?
It is mandatory to link your PAN card to your bank account for financial transactions. Here’s how to check if it’s already linked:
Step 1: Log in to Your Internet Banking
- Visit your bank’s official website or mobile app.
- Log in using your credentials.
Step 2: Go to Profile or Account Details
- Look for options like “Profile,” “Account Details,” or “PAN Card Information.”
- Here, you’ll see if It is linked to your account.
Step 3: Contact Customer Care
- If you can’t find the information online, call your bank’s customer care.
- Provide your account details and ask if your PAN card is linked.
Step 4: Link PAN Card if Not Done
- If your card isn’t linked, visit your bank branch or use the online banking portal to link it.
- You’ll need to submit a copy and fill out a form.
How to Change PAN Card Mobile Number Online?
Your mobile is very important which is linked to your PAN card because it is essential for receiving OTPs and updates. If your number has changed, here’s how to update it:
Step 1: Visit the NSDL or UTIITSL Website
- NSDL (National Securities Depository Limited) and UTIITSL (UTI Infrastructure Technology and Services Limited) are the two authorized agencies services.
- Go to www.onlineservices.nsdl.com or www.utiitsl.com.
Step 2: Select “Change/Correction in PAN Data”
- Look for the option to update or correct PAN details.
- Click on it and fill out the form.
Step 3: Provide Your New Mobile Number
- Enter your new mobile number in the required field.
- Double-check the number to avoid errors.
Step 4: Submit the Form and Pay the Fee
- After filling out the form, submit it online.
- Pay the nominal fee (around ₹110) using a debit/credit card or net banking.
Step 5: Receive Confirmation
- Once your request is processed, you’ll receive a confirmation on your new mobile number.
- Once Updated It will be sent to your registered address.
How to Change Mobile Number in PAN Card?
If you’ve lost access to your old mobile number and need to update it, follow these steps:
Step 1: Visit the NSDL or UTIITSL Website
- As mentioned earlier, these are the official portals.
Step 2: Choose “Update PAN Details”
- Select the option to update your card details.
Step 3: Fill in the Required Information
- Provide your PAN number, name, and date of birth.
- Enter your new mobile number.
Step 4: Submit Proof of Identity
- You may need to upload a copy of your Aadhaar card or other identity proof.
- This ensures the update request is genuine.
Step 5: Pay the Fee and Wait for Confirmation
- Pay the fee online and wait for the confirmation message.
- Your PAN card will be updated with the new mobile number.
Why is a Business PAN Card Important?
- Tax Filing: Businesses need a PAN card to file income tax returns.
- Bank Transactions: It’s required for opening a business bank account.
- Government Tenders: It is necessary to participate in government tenders.
- Compliance: It helps businesses stay compliant with tax laws.
How to Apply for a Business PAN Card
- Visit the NSDL or UTIITSL website.
- Fill out Form 49A (for Indian businesses) or Form 49AA (for foreign businesses).
- Submit the required documents, such as proof of identity, address, and business registration.
- Pay the application fee online.
- Once processed, you’ll receive It in few working Days.
Tips for Managing Your PAN Card
Link PAN to Aadhaar: Linking it to Aadhaar is mandatory for filing taxes and other financial activities.
Keep It Safe: Your PAN card is sensitive information. Don’t share it with anyone unnecessarily.
Update Details Promptly: If your address or mobile number changes, update details immediately.
Check for Errors: Ensure all details on it is correct. If not, apply for corrections.
Conclusion
Your PAN card is an important document of your financial identification. Whether you are checking active loans, linking to your bank accounts, or updating your mobile number, the process is very simple and can be done online. A PAN is equally important for businesses to comply with financial transactions. By following these steps outlined in this blog, you can easily manage it and stay updated with your financial journey.
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