How stop extravagance, is the surest way to save money. | How to protect your PAN card from misuse?

How stop extravagance, is the surest way to save money.

At present time we know one problem of most people, despite good earnings, savings, and investments are weak, what is the main reason behind this? Unnecessary spending or shopping addiction. All these expenses come under the category of extravagance, while none of them is necessary. Like some stuff, you liked and took it. If you saw a sale on a product, then bought it.

 

Every weekend outing and eating out costs. The result is that at the end of the month, people do not have money in their pocket and they also want to avoid unnecessary expenses. If you do not know how to do this, then we will tell you about these five tips, so that you will be able to get rid of the habit of extravagance. 

The first is that you should create a budget and stick to it. Try to keep your expenses according to the budget. Also, enter your fixed expenses in it. Shop in peace, avoid shopping in a hurry or at a time when you are busy in the office or any other work. Do it in your spare time so that you can make wise decisions. 

Start saving. If you haven't started taking savings seriously yet, don't delay. Withdraw money for savings from your budget. Find out your unnecessary expenses and eliminate them and put this money in savings. It would be better to start SIP, and put a fixed amount in it every month. 

Shop with your mind. If there is a market near you, then do grocery shopping from there. In such markets, items like vegetables and fruits are available cheaply. Don't order everything online for your convenience. If you go shopping in the neighborhood market, you will not have to walk around and save some money, rather you will remove unnecessary online shopping apps from your phone. 

Be transparent about your financial situation. Don't spend money to show off in front of others. There are also disadvantages to spending time looking at or copying someone else's status. It is beneficial to be transparent about money in front of people who are closely related to you. So here are five tips that will help you avoid unnecessary expenses and create a huge wealth in the long run.

 

How to protect your PAN card from misuse?

A PAN card is one of the most important documents nowadays. PAN card is used for many important works in India. From opening an account in the bank to doing financial transactions, a PAN card is required or ITR has to be filed. PAN card is used for all these works. 

Nowadays PAN cards are being used so many times we are not even able to remember where we have used our PAN card, and for this reason, sometimes it gets into the hands of the wrong people and fraudsters.  Your personal information can be stolen with the wrong use of a pan card.

 

Fraudsters can use PAN cards to take loans, apply for credit cards, and buy jewelry wrongly. Along with this, if your PAN card goes into the wrong hands, then using the card, can make you the guarantor of any person's loan. In recent times, much news has come to the fore regarding the misuse of PAN cards.

 

In such a situation, it is important to know whether someone is misusing your PAN card. Today in the news of work, let us know how you can avoid the misuse of a PAN card. First of all, to avoid fraud, you should keep checking the history of your PAN card regularly so that it can be ascertained that no one misuses it.

 

By doing this you can save it from being misused or it can be done through the online portal of the Income Tax Department or by contacting the department directly. You can check the history of your PAN card by visiting the E-filing portal of the Income Tax Department. 

To do this you need to create an account on the portal and login using your PAN card number and other details. Thereafter, you can view the details of your PAN card, including any transactions made on it. This can help you identify any unauthorized use of your PAN card and take steps to rectify the situation. 

Also, if you cannot access the e-filing portal, you can contact the Customer Care Center of the Income Tax Department. They can give you information about the history of your PAN card and can also help you solve any problems you may be facing. The department takes strict measures when it comes to fraud and misuse of PAN cards. 

Similarly, if someone has done a high-value transaction using your PAN card, then you can see its details in form 26AS or by checking you can find out the use of PAN. You can also download it from the income tax portal or traces portal. After downloading this form, you can check all your transactions. With this, you will get to know about all the uses of your PAN card. 

Apart from this, you can easily check whether someone else has taken a loan on your PAN number by generating your credit score. You can get information about the details of the loan taken in your name through any credit bureau like CIBIL, Equifax, Experian, CRIF High Mark, etc. through any website. 

Same you can also go to a Fintech platform like Paytm or Bankbazaar to see your financial report. To get the information, first of all, open the concerned website. Some websites charge money for detailed credit scores. You will also have to provide certain information which includes your DOB, email ID, registered mobile number, and PAN card number. 

An OTP will come on the mobile number, enter it. After this, you will see your credit score. From this, it will be known that your PAN is not being misused anywhere. We will tell you where you need a PAN card. To open a bank account, to trade in the stock market, to file an income tax return, to take a loan, to buy a property, or to buy gold.  

Although we have told you how you can check your transactions or usage, it is better that you always use your PAN only when needed. Don't share your Pan card details with anyone without any reason. If you liked the information then do share it with your friends and also comment on our site www.tradeipohub.co.in. Thanks for reading.