1) As per the Finance Act 2009, submission of valid PAN is required in case of investors whose tax need to be deducted w.e.f. April 1, 2010. In the absence of a valid PAN, tax will be deducted at the prevailing rate or 20%, whichever is higher.

2) The Finance Act 2009 also specifies that the Income Tax benefit for Form 15G/H shall be granted only on mentioning the valid PAN in the said form w.e.f. April 1, 2010.

Hence, the investors who have not submitted their PAN are requested to submit a self attested copy of the PAN card alongwith a request letter quoting Bond Ledger Account Number at the nearest SHCIL branches atleast 20 days prior to the maturity/interest payment date.