Pan Card mandatory for investing in Mutual Funds

Investors who havent qutoed the pan card numbers before have to now compulsarly quote while investing in Mutual Funds. Pan Card has been made mandatory by the finance ministry and the deadline has been set as January 1, 2008. The finance ministry has also said that that there would be no further relaxation in the deadline unlike before where the relaxation deadline was extended from July 2007 to January 2008. Investors who have not yet applied in the Pan cards should do immediately to invest in mutual funds from 1st January 2008.

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