Do NRIs need to have a PAN Card?
Saturday, April 29, 2017, 6:55 PM
PAN is compulsory for many transactions now. Even NRI's will need a PAN card for a broad range of operations they plan to do in India. NRI's need a PAN card for investing in stock, mutual funds, debentures or bonds of a company. NRI's also need to furnish PAN card details for payment of life insurance premium and opening a bank account.