PAN Full form: What is the full form of PAN?

The full form of PAN is Permanent Account Number. It is issued by the Income Tax Department and is a combination of ten alphanumeric characters. The ten-digit alphanumeric is displayed in the given format- HBEFJ1234G. The first five letters are alphabets, the next 4 characters are the numbers and the last character is again an Alphabet. The PAN card is issued under section 139A of the Indian Income Tax Act 1961. It has been mandatory to link your PAN card with your Bank Account Number.

The primary purpose of the PAN card is to identify all the financial transactions going on in your account. Thereby, preventing tax evasion by keeping a track of your ongoing transaction. You can apply for a PAN card by submitting the prescribed document to the authorized PAN agency. 

Learn more such important full form here.