What are the differences between the old and new PAN series?

Old PAN Card: In order to address all the shortcomings of GIR that is General Index Register Number, the first PAN card was launched in 1972. It had a lot of issues which are: The central database was deprived of proper maintenance, and hence there was no feasible way that one can utilize for verifying the allocation of multiple PAN cards to the taxpayers. All the data of the PAN card holders were not properly structured, and the details were not captured properly except the primary ones like address, name, etc. Previously the PAN card was not indicated to be the permanent number as it had a lot of dependency on the jurisdiction and hence it kept on changing whenever the assessee was changing their location. New PAN Card: All the taxpayers who were taking the advantages of paying the taxes or having that monetary transactions were all assigned with the unique number in order to link the processing documents and transaction of a particular taxpayer. That is why the new PAN card came into the system which is having a lot of limitations. Places like Delhi, Chennai and in Mumbai holding of PAN card is considered to be mandatory. This pan card will be linked to all the information related to tax which one made recently or in the past, and they will be provided with the identification number as well. From the central database, it is very easy to retrieve the information in this new PAN card. A lot of efficiencies have been maintained in the data recording and segregation. All your financial information will be mapped against the single PAN card, and it will be holding a lot of investment details including debit, credit, and loan which will thereby help in tracing a single person and continuing the tax evasion.