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I am not a US Citizen, why do I have to provide FATCA information?

India has signed a reciprocal agreement with the US government to share such information about each others’ citizens. Therefore all financial institutions (such as mutual funds) have to identify the citizenship and tax status of their investors and provide the necessary information to the government.

All you have to do is make a declaration to that effect (follow the instructions in the online wizard) and the mutual fund company will keep that on record.


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