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Banks to block accounts in absence of self certification, necessary for FATCA compliance

Banks to block accounts in absence of self certification, necessary for FATCA compliance

Apr 12, 2017, at 08:40 pm

New Delhi, Apr 12 (IBNS): Bank accounts opened between July 1, 2014 and August 31, 2015 have to submit self-certification by April 30 this year or their accounts will be blocked until the certification is submitted, according to a statement by the Income Tax Department.