Raziya Bhagat asked on 16/11/2020

What is FATCA in NRI Account Opening Form?

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SBNRI Team
answered on 16/11/2020

FATCA Details enables you to share your tax details with respect to your country of residence which includes your Tax Identification Number. The motive of FATCA is to prevent individuals from parking their wealth outside their resident country and avoid taxation from such wealth.

 

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