Thursday, December 15, 2011

Is PAN of recipient account holder required in order to receive direct rupee remittances from abroad ?

I am currently staying in the US and I would like to remit some money back to a Resident Savings account in India. The particular savings account holder does not have a PAN number. Will it be possible for him/her to receive the remittance successfully?


(PS: I would be using an online remittance system, like SBI Express Remit)|||Yes it is possible. Locate any SBI branch closes to you, and you can send funds directly to any SBI account. Tried and tested :)

No comments:

Post a Comment