Aadhaar has already been made mandatory to link with PAN. Recently, the last date for Aadhaar-PAN linking has been extended to 31st December, 2017.
Now, Govt. of India has decided to make Aadhaar mandatory for Mutual Fund Investment as per recent amendment in the 'Prevention of Money Laundering Act (PMLA Rules, 2017) '. Please note that Aadhaar was not mandatory for Mutual Fund investment previously.
Now, it is the duty of the Mutual Fund Houses to collect Aadhaar no. from the existing customers and incorporate the same with the Accounts or Folios of their customers. The last date for linking Aadhaar with Mutual Fund Account is 31st December, 2017.
Hence, investors of Mutual Fund should approach respective Fund House to submit their Aadhar document. They can submit it either physically or online.
Happy Investing !!!
Now, Govt. of India has decided to make Aadhaar mandatory for Mutual Fund Investment as per recent amendment in the 'Prevention of Money Laundering Act (PMLA Rules, 2017) '. Please note that Aadhaar was not mandatory for Mutual Fund investment previously.
Now, it is the duty of the Mutual Fund Houses to collect Aadhaar no. from the existing customers and incorporate the same with the Accounts or Folios of their customers. The last date for linking Aadhaar with Mutual Fund Account is 31st December, 2017.
Hence, investors of Mutual Fund should approach respective Fund House to submit their Aadhar document. They can submit it either physically or online.
Happy Investing !!!
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