News for hackers. Stuff that matters.

A comment on Launch HN: Inri (YC W23) – Wealthfront for Investing in India. Parent comment

Re:Launch HN: Inri (YC W23) – Wealthfront for Investing in I... by hemantgangolia on Friday March 31, 2023 @07:21PM (#35395104)
PAN card is mandatory. Aadhaar is optional.

These funds are invested in India directly, thus not guaranteed by FINRA/SIPC.

[ Parent | on HN ]
Re:Launch HN: Inri (YC W23) – Wealthfront for Investing in I... by i67vw3 on Friday March 31, 2023 @10:10PM (#35396338)
I think they just made Aadhaar card mandatory. You have to link it to Pan Card within a set deadline or the Pan card becomes invalid.

No idea if NRI's also have to do it.

https://www.ndtv.com/india-news/date-for-linking-pan-and-aad...

[ Parent | on HN ]
Re:Launch HN: Inri (YC W23) – Wealthfront for Investing in I... by nish93 on Friday March 31, 2023 @10:45PM (#35396535)
It is not mandatory for NRIs, only indian residents. Refer below:

Aadhaar-PAN linkage requirement does not apply to any individual who is:

Residing in the States of Assam, Jammu and Kashmir, and Meghalaya; a non-resident as per the Income-tax Act, 1961; of the age of eighty years or more at any time during the previous year; or not a citizen of India.

https://www.incometax.gov.in/iec/foportal/help/e-filing-link...

[ Parent | on HN ]
Re:Launch HN: Inri (YC W23) – Wealthfront for Investing in I... by thekingshorses on Saturday April 01, 2023 @11:11AM (#35400894)
So money/equity/stocks are not guaranteed by anyone?
[ Parent | on HN ]