PAN CARD PAN card is an important financial document. It is required to conduct various financial transactions such as opening a bank account, depositing large amounts of cash in your account (over Rs 50,000) and so on. 

The Permanent Account Number (PAN) is a unique, 10-digit number issued by the Indian Income Tax Department. It facilitates the coordination of various documents involved in payment, assessment and demand of taxes as well as retrieval of information on the same.

 It is now mandatory for companies and individuals to quote their PAN number for most financial transactions in India.