Sharing personal and financial information online, such as scanned copies of your PAN card, Aadhaar card, income tax returns, Form 16, and photo, can come with certain risks. However, if you are applying for a loan from a reputable financial company, it should be safe to share this information as long as you take certain precautions:
- Make sure that the website or platform you are using to share your information is secure. Look for “https” in the URL, which indicates that the website is using secure encryption to protect your information.
- Avoid sharing your information over unsecured networks, such as public Wi-Fi.
- Do not share your information with any third-party websites or individuals that you do not trust.
- Be sure to read the company’s privacy policy before sharing your information to understand how it will be used and protected.
It’s always a good idea to check if the financial institution is registered with Reserve Bank of India and other regulatory bodies of India. Also, you can check the rating of the institution from Credit Rating Agencies to know about the company’s reputation and financial stability.
It’s also advisable to keep a record of when and where you shared your documents, in case you need to refer to it in the future.
