What Happens If A Fraudster Obtains A Copy Of My Pan Or Aadhaar Card?

By Author: Rashmi
Total Articles: 9
Comment this article

No individual or entity can have more than one of each ID. To avail of these services, we share our personal information and IDs with banks, government agencies, private companies, etc.
While availing of such services, we are prone to pan card frauds and Aadhaar card frauds. In the past few years, there has been a hike in PAN card frauds in India. You are advised to be cautious when sharing your personal information or copy of ID proofs with anyone. With the Aadhaar and PAN card frauds & scams becoming too common, many questions pop-up in the minds of users:

Can someone misuse my personal information?

Will I suffer a monetary loss if a fraudster has my Aadhaar or PAN card copy?

Can someone withdraw money from my account linked with my Aadhaar card?

Is identity theft possible with a copy of just an Aadhaar card or PAN card?

Has any PAN cardholder suffered any financial loss due to misuse of his ID proof?

Recently, the government discontinued 11.44 Lakh PAN cards in the name of non-existent individuals and entities. This shows how to pan card frauds in India are on a rise.

In ...
... a recent case of Mr. Gupta from Madhya Pradesh, he received a payment notice from the Income Tax Department for Rs. 134 Crore. With only Rs. 84,00/- as a yearly income it came as a shock to Mr Gupta that he has to pay such an extreme amount as a loan.

In a similar case, a person received a loan payment notice from a private bank that he had never visited in his life. In both cases, fraudsters misused the PAN card & Aadhaar card information of Indians to take loans and open businesses.

However, is it that easy to withdraw money from your account with just a copy of your ID cards? The answer is NO. Banks have strict regulations in place to verify a transaction with your signature, OTP or fingerprints.

Most online payment methods and ATM cards require further authentication to debit your account. This ensures the safety of your financial transactions that use your personal information.
The Aadhaar issuing authority, UIDAI, has assured that no Aadhaar holder has suffered any financial or other loss or identity theft due to misuse or impersonation of Aadhaar.
Safeguard your privacy by trusting authorised PAN card agents like Alankit to apply for new, lost or duplicate PAN card in India. For your ease, you can just Dial-A-PAN and get a resolution to all your PAN Card queries and grievances.

Source of news - https://rashmi-joshi-57430.medium.com/what-happens-if-a-fraudster-obtains-a-copy-of-my-pan-or-aadhaar-card-493127772325