PAN 2.0 Explained: All Your Questions On PAN 2.0 Answered Here

The Union Cabinet has approved the ₹1,435 crore PAN 2.0 Project aimed at modernizing the Permanent Account Number (PAN) system. This initiative will transform PAN into a "common business identifier" for government agencies, offering QR-enabled cards, enhanced cybersecurity, and a unified digital portal. The system will allow for paperless services, improved grievance redressal, and faster services for taxpayers. Existing PAN holders won't need to apply for a new card but can opt to upgrade to the new PAN 2.0 card free of charge. The upgrade will provide enhanced features like QR codes and mandatory PAN Data Vaults. The project ensures better data consistency, eco-friendly processes, and quicker services for users. All PAN cards issued to date remain valid even after the rollout of PAN 2.0.