Besides being a tax identifier, PAN works well as a physical identity proof. However, the Permanent Account Number (PAN) system is becoming digital under the new PAN 2.0 project. The government spent Rs 1435 crore for a complete overhaul of the existing PAN system.

As per the FAQs released by the Finance Ministry, current PAN cards will remain valid under the upgraded PAN 2.0 system. Existing PAN cardholders are not required to apply for a new card, but they have the option to upgrade their PAN at no additional cost.

PAN card holders can update their addresses for free and receive an e-PAN with a QR code via email. They can also request a physical copy for Rs 50. T

A nominal fee is required for a physical PAN card. It is important to note that existing PAN cards will remain valid even without the QR code

The PAN 2.0 Project is an e-Governance project of the Income Tax Department aimed at re-engineering the business processes related to taxpayer registration services. The project's objective is to improve the quality of PAN services by incorporating the latest technology.

The Income Tax Department's PAN 2.0 offers digital e-PAN cards with a QR code for enhanced security, free for up to three requests. Physical PAN cards

The FAQs released by the income tax department allow PAN card holders to update their addresses online for free if they have old addresses updated in the income tax records. Here is a step-by-step guide on how PAN cardholders can update addresses using Aadhaar based e-KYC.