PAN card is permanent account number. PAN card serves as the lifetime national ID for every Indian. It is used for the financial transactions such as salary debits, paying bills. It is an important for every citizen, it serves as the good id proof, and as it shows that you are a tax payee people. PAN card is issued by the income tax department. Some transactions are sales and purchase of immovable property or motor vehicle or payments in cash or in connection in travel to any foreign countries. It is the mandatory one while mentioning PAN for obtaining a telephone or a cellular telephone exchange. For opening the bank account, for a loan, for a debit card and other various purpose PAN cards is used. PAN has to be mentioned in every document for making a deposit exceeding RS.50, 000/- with the bank or post office.
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