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of <h1>PAN Card Mandatory for Financial Transactions: Bank Accounts, Cash Deposits, Property Deals, and Securities Involvement</h1> A Permanent Account Number (PAN) is mandatory for transactions with the Income-tax Department and various financial activities, including opening bank and Demat accounts, depositing cash, and dealing with immovable properties and securities. The PAN card serves as an important photo identification tool recognized by both government and non-government entities in the country.
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