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| Discuss PAN card requirement for NRIs at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi, I had taken Peerless policy with a maturity of 10 years around 13 years ... |
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#1
3rd October 2008, 05:25 PM
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PAN card requirement for NRIs
Hi,
I had taken Peerless policy with a maturity of 10 years around 13 years back. I paid the premium for the first two years and then as I had to go abroad I could not pay the remaining payments. I have been living as an NRI for the past 11 years now. Now that my Peerless policy had passed the 10 year maturity period, I would like to claim the amount that I paid, which actually got appreciated over the last 13 years. When I submitted my application to Peerless, the authorities at Peerless want my PAN number. As I said earlier, as I have been living as NRI abroad for the last 11 years, I do not have a PAN number. In this regard, can some one let me know a) Does an NRI needs a PAN number, b) What re the advantages and disadvantages of having a PAN number, c) how can I get a PAN number and lastly is there any other easy and quick way of getting my appreciated investment from Peerless. Your reply and suggestions will be appreciated. Thanks & regards, Srinivas 
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#2
6th October 2008, 12:18 PM
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Re: PAN card requirement for NRIs
Quote:
1. Yes, NRI do need a PAN number , for investments in India , e.g your case above and if you wish to invest in Stocks and other investments. 2. No disadvantages . Advantange , you will get your money back . 3. Apply for PAN is easy . You need to fill form 49A , here http://tin.nsdl.com/. However , for ease , you dont need to say that you are a NRI. You can apply through a relative in India, of course you need an Indian address with proof . PAN will come in 15 day s. Best of luck .
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| The Following User Says Thank You to vinsu For This Useful Post: | ||
vsvas (9th October 2008) | ||
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