BANKING AFFAIRS

Detailed explanation-1: -A typical PAN is AFZPK7190K. Fourth character of PAN i.e. “P” in the above PAN represents the status of the PAN holder. “P” stands for Individual, “F” stands for Firm, “C” stands for Company, “H” stands for HUF, “A” stands for AOP, “T” stands for TRUST etc.

Detailed explanation-2: -Q1. Permanent Account Number (PAN) is a digit unique alphanumeric number issued by the Income Tax Department.

Detailed explanation-3: -PAN is a ten-digit unique alphanumeric number issued by the Income Tax Department. PAN is issued in the form of a laminated plastic card (commonly known as PAN card). Out of the first five characters, the first three characters represent the alphabetic series running from AAA to ZZZ.

Detailed explanation-4: -What is the full form of PAN? The full form of PAN is a Permanent Account Number. The PAN card is a ten-digit alphanumeric character issued through the Department of Income Tax. PAN comprises both numeric and alphabetic digits.

Detailed explanation-5: -PAN has a typical format of ABCTY1234D. The first three characters, i.e. ‘ABC’ in the above number is an alphabetic series ranging between AAA and ZZZ. The 4th character, i.e. ‘T’, represents the PAN holder’s status.