MF account blocked due to FATCA compliance? Here’s how you can revive your folio

Foreign Account Tax Compliance Act is a United States (US) law aimed at prevention of tax evasion by US citizens and residents through the use of offshore accounts.

If you had opened a new mutual fund folio between Jul 1, 2014, and Aug 31, 2015, you were required to provide FATCA self-certification about

FULL ARTICLE http://www.financialexpress.com/money/mutual-funds/mf-account-blocked-due-to-fatca-compliance-heres-how-you-can-revive-your-folio/663412/

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