Everything You Need To Know About PAN Card Verification API

Ensuring compliance is one of the cardinal rules for the businesses – no matter if it is a large organization or a small enterprise. Enforcing compliance enables businesses to stay in line with fraud prevention policies, detect violations of rules, and protect a company from running into unnecessary fines and lawsuits. To be compliant and stay on the right side of the law, PAN verification is one such important step before onboarding customers, clients, and third-parties. 

The Permanent Account Number (PAN) card is one of the most important documents nowadays. Issued by the Income Tax Department, the major purpose of this document is to prevent tax evasion by individuals and entities as it links all financial transactions made by a particular individual or entity. It is like an economic tool used to keep tabs on all the monetary transactions and maintain a detailed record for ongoing and future compliance purposes. 

However, the PAN card has many other uses besides just being a way for the government to keep tabs on an individual/entity’s financial dealings. PAN Card is useful for IT return filings, bank account opening, making investments, and most importantly as a proof of identity – anywhere in the country.

A typical PAN card issued to an individual would comprise the following information:

• The First Name and the Last Name
• Date of Birth
• PAN Number
• Photo 
• Signature of the PAN holder

A typical PAN card issued to a business would comprise the following information:

• Company Name
• Date of Incorporation
• PAN Number

AuthBridge’s PAN Verification API

Leveraging AuthBridge’s PAN verification API can make your onboarding process easier and frictionless for your clients, customers, vendors, and other third parties. Our configurable PAN verification API assures convenience by automating the process and enables businesses to conduct verifications in bulk. It cuts the need to invest a good amount of man-hours into PAN card verification and helps organizations to be efficient.

Here are some of the reasons to leverage AuthBridge’s PAN Card Verification API.

• Real-Time & Seamless Verification: Our API-led verification assures seamless verification as OCR automatically fetches the details from the documents – cutting the need for manual intervention and delay. The details are retrieved in real-time and verified from government databases to reduce the risks associated with identity theft and fraudulent activities.

• Easily Integrable: Our industry-leading APIs ensure seamless integration with your existing workflows and processes. This means smoother communication with your other programs, thereby adding to the efficiency.

• Data Privacy: The details of every individual are completely safe in the API platform as it is completely automated and does not need any third-party assistance. 

It empowers businesses and other institutions where officials/third parties cannot commute for in-person PAN verification. Some of the top sectors like BFSI, Retail, FMCG, Pharmaceutical, and many more can leverage AuthBridge’s integrated API technology to onboard more customers, clients, and vendors with instant PAN verification.

AuthBridge is India’s largest authentication and background verification company. If you are interested in our Driver’s License verification API or any other verification solutions for your business, share your contact details below.