The following documents need to be submitted by a QFI:
- Documentation required for PAN application
- Documentation required for opening a bank account, custody and depository account, including documents as may be required under the Prevention of Money Laundering Act, 2002
Below are the estimated timelines for the above:
- Form 49AA/PAN Card: 2-3 weeks
- Opening of bank account: 2-3 days
- Opening of demat account: 2-3 days