Manage Money

Form 61

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What is form 61?

Form 61 is required to be filled by an individual/company in order to make financial transactions in situations when he/she doesn’t own a PAN card.

Documents required to fill up Form 61

  • Aadhar Card
  • Electoral Photo Identity Card
  • Ration Card
  • Driver’s License
  • Passport
  • Identity Card issued by a recognised institution
  • Recent utility bills

What is Form 61 used for

Form 61 can be used in the place of a PAN card as per Rule 114B. The transactions that can take place by using Form 61 are:

  • Sale/Purchase of property worth over 5,000,000
  • Sale/Purchase of vehicles other than two-wheelers
  • Fixed deposit that exceeds 50,000
  • Fixed deposit in the post office that exceeds 50,000
  • Sale/Purchase of securities that exceed 10,00,000
  • While opening an account with a bank
  • Payments that exceed 25,000 in restaurants
  • Application for availing cellular network connection

How to Fill Form 61

Form 61 is available in both online and offline modes. The information required while filling up Form 61 are:

  • Name of the applicant
  • address of the applicant
  • Details of the transaction
  • Date, Place of the transaction
  • Declarant's signature

Applicants also need to sign a declaration which states that all the information provided by them is accurate.

Get your free Credit report that cost Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

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