Important Update for NRI Investors: Mandatory TIN Requirement under FATCA/CRS

As per FATCA/CRS compliance rules, the country of tax residency declared by investors must be reported to the regulatory authorities, including the Central Board of Direct Taxes (CBDT).

It has been observed that in several cases, Tax Identification Numbers (TINs) provided by NRI investors are either missing or invalid. CBDT has already started issuing notices for defective records, and each such defective record can attract a penalty of ₹5,000.

🔴 Effective from August 25, 2025:

1️⃣ New NRI Applications – All new applications must include a valid TIN. 👉 Applications without TIN will be rejected.

2️⃣ Existing NRI Investors – If a valid TIN is not provided, future transactions will be restricted. 👉 A remediation process for updating existing records has already been initiated.

✅ Action Required from Investors

All NRI investors are requested to provide a valid TIN at the time of investment.

Existing NRI clients must update their records with AMCs/RTAs to avoid any restrictions or penalties.

Kindly treat this as urgent and important to ensure seamless processing of your mutual fund investments.

For any assistance or clarification, feel free to reach out to me.

📌 This update is being shared in the interest of compliance and smooth investment experience for all NRI investors.

— Rajesh Kathpalia, CFP Finguide Budddy, AMFI-Registered Mutual Fund Distributor ( ARN -257079)