The PFRDA has clarified that that NPS accounts of investors who have not submitted the Foreign Account Tax Compliance Act (FATCA) self certification will not be blocked.
These investors were warned that if they failed to submit a physical signed self-certification of the FACTA by April 30 , their NPS accounts will be blocked. The PFRDA says it will furnish fresh guidelines shortly.
Source: ET Markets , NEW DELHI, 5 May 2017, page 1
