The PAN card is mostly required for different types of applications and registrations. The PAN card has become an important ID proof and is one of the five important KYC (Know your customer) documents, including the Aadhaar card, passport, driving license, and voter ID card. The first three letters are random, the fourth letter denotes the level of the taxpayer, and the fifth letter denotes the first letter of the surname of the cardholder. The presence of the date of birth makes the PAN card an important age-proof document. The PAN card holds other vital information about the allottee, such as the date of birth and the father’s name. All PAN card numbers and details of allottees were maintained manually until the new PAN card system was introduced in 1995. The alphabets denote important details ever since its inception in 1972 and were made mandatory four years later. The PAN number is alphanumeric and has a unique combination of alphabets and numbers that are unique for each individual. The Income tax department introduced the PAN (Personal Account Number) as a system for uniquely identifying and storing the records of income taxpayers.
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