Hi,
I am self employed working as a freelance interior designer. I do not have a bank account of my own.
I would want to know if I'll be requiring a PAN card for getting a fixed deposit of around 2 Lacs. This money has been painstakingly saved over 4-5 years.
Whats the maximum amount one can invest in fixed deposit in a bank without PAN card?
2007-03-18 10:08:18 · 2 answers · asked by Tanya K 1 in Business & Finance ➔ Taxes ➔ India
Yes, Any depoit beypnd Rs. 50,000/- require pan number, The option with you is either get the PAN Card which can be deliver to you within 15 days at just Rs. 67/- ( Offical Fee) or get 5 deposite of Rs. 40,000/- in bank.
2007-03-18 16:59:29 · answer #1 · answered by devangdani 3 · 0⤊ 1⤋
If you are making this deposit from an existing bank account of yours, the answer is NO. However, if you want to open a FD account with cash of Rs. 2 lacs, the answer is Y E S.
2007-03-19 00:36:12 · answer #2 · answered by subasu 6 · 1⤊ 0⤋