Alert: Are your NPS Account and mutual fund folios FATCA-compliant?Members of ISC: This is an important alert! Have you opened your NPS Account on or after 1st Jully, 2014? If yes, then is your account FATCA-compliant? If it is not, then your account may be blocked after 1st May, 2017. So such investors have been instructed by the authority to immediately send the self-certificate form either through electronic mode or hard copy of the filled up form to Central Record-keeping Agency (CRA) at the following address:
NSDL e-Governance Infrastructure Limited
1st Floor, Times Tower, Karmala Mills Compound, Senapati Bapat Marg,
Lower Parel, Mumbai-400013
Similarly, in case of mutual fund folios, the investors who started their folio on or after 1st July, 2014, have been instructed to submit self-certificate regarding FATCA-compliance (if not done so far) to the respective AMCs or CAMS/KARVY. The investors can do the same online.
So Members of ISC! Please be alert and complete necessary action very quickly.
(N.B.: FATCA-Foreign Account Tax Compliance Act)