Bank Alfalah Account Opening Form

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In order to curb black money quoting of PAN is mandatory for cash transactions such as hotel or foreign travel bills exceeding Rs 50000 PAN is also mandatory on purchase of immovable property of over Rs 10 lakh.

In case your PAN Card is not linked with a bank account opening a fixed deposit account depositing cash more than Rs 50000 will not be possible Moreover it will also result in TDS getting deducted at 20 if the interest amount of the FD account exceeds Rs.

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