How to Safeguard Your PAN Card from Fraudulent Loans
Importance of PAN Card in India
In India, the PAN card is essential for banking and income tax-related activities, making it a crucial document. Recently, there have been reports of fraudulent loans being taken out using people's PAN cards, posing a financial risk. Let's explore how to protect yourself from this issue.
Be Cautious if You Have a PAN Card
If you possess a PAN card, it's time to be vigilant. Nowadays, criminals are misusing PAN cards for malicious purposes, leading to an increase in online fraud. If you suspect that someone has applied for a fake loan using your PAN card, it is imperative to take action against the individual and follow some straightforward steps.
How to Check for Fraudulent Loans in Your Name?
You can verify if there are any fraudulent loans against your PAN card by checking your CIBIL score. Here’s how you can do it:
- First, visit the CIBIL website.
- On the homepage, click on the 'Get Your CIBIL Score' section.
- Skip the subscription plans and register by entering your date of birth, mobile number, and email ID.
- Create a password and enter your PAN number.
- Click on 'Check CIBIL Score.'
- You will receive an OTP on your mobile; enter it to verify.
- Your CIBIL score will be displayed, along with information about any loans taken in your name.
What to Do If You Find a Fraudulent Loan?
If you discover a fraudulent loan listed under your name that you did not apply for, you must immediately file a complaint on the Income Tax Department's website. To protect your finances, regularly check your CIBIL score.