While a common investor has to fill up several KYC (know your customer) forms, provide PAN number and proof of address, etc, a P-Note investor can invest anonymously.

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While a common investor has to fill up several KYC (know your customer) forms, provide PAN number and proof of address, etc, a P-Note investor can invest anonymously. 

 

This makes it a ‘legal’ way to route unaccounted wealth in Indian equities, thus feeding the black money monster.

 

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