Investing Questions and Answers

Is PAN card require for investing in Mutual fund ?




Answers: Yes pan card recquired since according to govt. Tax act.
Yes, while investing as well as while redemption

wntry and exit, bot time you will reqd pan card
Although you are a NRI, you will have an Indian address
with an Indian Passport. You can apply for an Income tax permanent account number with your Indian Address.

Provide the IT Dept., with information as to your being a non resident Indian for taxation purposes.

Are near any money manager here? Do you similar to your living?

by money managers i tight people who run mutual funds, stall fund etc...


Answers: Yes and yes.

I want to send a check to some1 in dollars(need to convert rupees,which bank can i approach ?in india mumbai?




Answers: It might be easier to send it via PayPal instead of converting money and having a check cut and mailed.
you cannot send dollar simply to any one from India need RBI permission, so or if you have NRE a/c then you can transfer to or send DD to him in $, my suggestion is go to any bank canara,SBI, they can explain you in better way how to send $ to ur fri.

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