can i invest in shares and mutual funds? As i don't have a pan card.?

Question

I have about 8acres of mango garden, my occupation is agriculture.

But banker's say that online trading require Pan card to open a account, How to over come out of this.

but how to get pan card through agriculture income

Answer 1

This is true that you can't invest in stocks without having PAN card, as it is mandatory now. However you may have PAN card even if you are earning through agriculture. For this you will have to fill the PAN application form and in place of source of Income you may put 'others' option. Later when you start earning through stocks, then in any case you must either pay the tax or file the return. So PAN card is essential, and you should apply for it to enter into stock market.

Answer 2

It is best apply PAN. You can invest in IPO UPTO 50000/- without PAN with cheque. PAN is not bad. Accept advice of banker. You will get benefits if you have PAN. After PAN you can apply between 50001-99999 and you will have good chance of allotment.
Please send mangoes to all answers.

Answer 3

Demat Account isn't mandatory to do investments in Mutual money. even with the undeniable fact that, in case you will prefer to take a place in direct equities of the same old public constrained businesses indexed in the inventory exchanges, you prefer Demat and fairness share finding out to purchase and merchandising debts.

Answer 4

I think upto Rs.50,000/- you do not need PAN card to invest in Mutual funds. If you wish to invest Rs.50,000 or more you need PAN number.
P N KRISHNA MURTHY
CHENNAI
[e-mail]

Answer 5

without PAN CARD u cannot

Answer 6

you can invest in mutual funds,even though you do not have a pan card.if you are from kerala contact me, my name is philip, residing at trivandrum, my mob is 9387805368