PAN 2.0 vs Old PAN Card:
In November 2024, the Indian government launched the PAN 2.0 project, marking a significant update to the traditional PAN card. This new version aims to modernize and streamline tax services, making them more secure and easily accessible. Here’s a quick look at the differences between the old PAN card and the new PAN 2.0.

PAN 2.0 vs Old PAN Card:

The main upgrade in PAN 2.0 is the inclusion of a dynamic QR code, which was first introduced in 2017. The dynamic QR code on PAN 2.0 displays the most up-to-date user data from the PAN database. This helps in quick verification of the cardholder’s details, including their photo, signature, name, parents’ names, and date of birth.

What Does the QR Code Do?

The QR code makes it easier to authenticate the PAN card. By scanning it, one can access the cardholder’s relevant information directly from the government’s database. This improves security and reduces fraud.

Will You Need to Switch to PAN 2.0?

Currently, there is no compulsion for existing PAN cardholders to switch to the new PAN 2.0. The old PAN card remains valid, and can still be used for all KYC (Know Your Customer) purposes. However, if you wish to upgrade to a new card with a QR code, you can apply online.

How to Apply for PAN 2.0?

If you have an old PAN card without a QR code, you can apply for the upgraded PAN 2.0 through the NSDL website. For just ₹50, you can receive the new card at your registered address within 15-20 days.

PAN 2.0 brings a significant upgrade to the traditional PAN card, with enhanced features like the dynamic QR code for better verification and security. While the older PAN cards remain valid, upgrading to PAN 2.0 can provide additional convenience and security in your financial transactions.

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