KATHMANDU, July 24: Nepal Rastra Bank has made mandatory provision to possess PAN number for those seeking loans above Rs 5 million.
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PAN mandatory for all income earners from mid-July
Now onward, bank and financial institutions are obliged to ask PAN number before issuing the loan, according to the monetary policy revealed on Wednesday. Earlier, an individual getting a bank loan of more than Rs 10 million needed to have a PAN number.
