How to update the resident status of PAN for an NRI & PIO account?

How to update the resident status of PAN for an NRI & PIO account?

To update the resident status, follow these steps:

1. Ensure your residential status is Non-Resident on the Income Tax Department (ITD) website:

   - Log in to the ITD website.

   - Verify that your residential status is set to Non-Resident.

  

2. Submit the required documents to the Joint Accounts Office (JAO):

   - Provide a copy of your PAN Card.

   - Submit one of the following documents:

     - Copy of passport indicating NRI status.

     - Copy of PIO card issued by the Government of India.

     - Copy of OCI card issued by the Government of India.

     - Copy of other national or citizenship identification number or taxpayer identification, attested by the Indian embassy/consulate or authorised officials of overseas branches of registered Indian banks.

  

3. Change your residential status to Non-Resident on the ITD website:

   - Navigate to the relevant section on the ITD website.

   - Follow the provided instructions to update your residential status to Non-Resident.

   - After successful KYC verification, expect a turnaround time of approximately 48 hours for the process to complete.

  Note that reactivation turnaround time may vary depending on the response from the KRA.

Ready to make updates? Visit 5paisa for seamless assistance in managing your investments and financial needs.



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