What is the new Pan Validation Process and how it is different from earlier process?
Earlier pan validation was done automatically using pan number entered by client during on-boarding journey. We used to get all details like Clients Name, DOB, Aadhar Seeding Status etc from Protean (Pan Validation Agency) API.
However as per new process – we do not get such details directly from Protean, instead of details we just get response from API whether entered details are matching or not.
Hence as per new process – Client will need to enter:
· Pan Number
· Client Name
· DOB
· Fathers Name