Punjab National Bank Form 60 Download: A Complete Guide
If you are a customer of Punjab National Bank (PNB) and you do not have a Permanent Account Number (PAN), you may need to submit a declaration in Form 60 for certain transactions as per the Income Tax Rules, 1962. In this article, we will explain what is Form 60, why is it required, how to download it from PNB website, how to fill it correctly and avoid penalties, and how to submit it to PNB. We will also answer some frequently asked questions (FAQs) about Form 60.
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What is Form 60 and why is it required?
Form 60 is a declaration that must be filed by an individual or a person (not being a company or firm) who does not have a PAN and who enters into any transaction specified in Rule 114B of the Income Tax Rules, 1962. Some of the transactions that require Form 60 are:
Opening an account with any banking institution or bank other than basic savings deposit account
Applying for debit or credit card
Purchase or sale of any motor vehicle excluding two wheelers
Purchase or sale of an immovable property valued at Rs.10 lakh or above
A fixed deposit with any bank/post office/Nidhi/non-banking financial company amounting to more than Rs.50,000 or aggregating to more than Rs.5 lakh during any financial year
Payment to restaurants or hotels in cash exceeding Rs.50,000 at one time
Payment in connection with travel to any foreign country or payment for purchase of any foreign currency in cash exceeding Rs.50,000 at one time
Payment of life insurance premium exceeding Rs.50,000 in a year
Sale/purchase of company shares or contract for sale or purchase of securities exceeding Rs.1 lakh per transaction
Form 60 is not a substitute for PAN, but a method for providing PAN in some cases. Some of the reasons why a person may not have a PAN are:
They have not applied for PAN
They have applied for PAN but allotment is pending
They have income only from agriculture and do not have any taxable income
How to download Form 60 from Punjab National Bank website?
If you need to submit Form 60 to PNB for any transaction, you can download it from the PNB website by following these steps:
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Steps to download Form 60 online
Visit the PNB website at
Scroll down to the section "Forms for Saving Bank Account" and click on the link "Form 60"
A PDF file of Form 60 will open in a new tab. You can save it to your device or print it directly
Documents required to submit Form 60
Along with Form 60, you will also need to submit some documents to prove your identity and address. These documents are:
Aadhaar card or Aadhaar enrolment number
Voter ID card or driving license or passport or ration card or any other government-issued ID proof
Electricity bill or telephone bill or bank statement or any other utility bill not older than three months
How to fill Form 60 correctly and avoid penalties?
Form 60 is a simple and straightforward form that requires you to provide some basic information about yourself and the transaction for which you are submitting it. However, you should be careful while filling it and avoid any errors or omissions that may lead to penalties or rejection of your transaction. Here are some tips and precautions for filling Form 60:
Information to be provided in Form 60
The information that you need to provide in Form 60 are:
S.No.Field NameDescription
1.Name of declarantYour full name as per your ID proof
2.Son/daughter ofYour father's name as per your ID proof
3.Date of birth (DD/MM/YYYY)Your date of birth as per your ID proof
4.Flat/Door/Block No.Your flat/door/block number of your residential address
5.Name of premises/building/villageYour premises/building/village name of your residential address
6.Road/Street/Lane/Post OfficeYour road/street/lane/post office name of your residential address
7.Area/Locality/Taluka/Sub-DivisionYour area/locality/taluka/sub-division name of your residential address
8.Town/City/DistrictYour town/city/district name of your residential address
9.State/Union Territory/PIN CodeYour state/union territory/PIN code of your residential address
10.Email ID (if any)Your email ID if you have one
11.Telephone No. (if any)Your telephone number if you have one
12.Aadhaar number (if allotted)Your Aadhaar number if you have one
13.Details of the document being produced in support of address in column 4The name and number of the document that you are submitting as proof of address, such as electricity bill, telephone bill, bank statement, etc.
14.In case of a person, who is required to quote Aadhaar number or the enrolment ID of Aadhaar application form as per section 139AAPlease mention whether you are required to quote Aadhaar number or the enrolment ID of Aadhaar application form as per section 139AA of the Income Tax Act, 1961. If yes, please tick the appropriate box and provide the reason for not having Aadhaar number or enrolment ID.
15.Amount of transactionThe amount of transaction for which you are submitting Form 60
16.Nature of transactionThe nature of transaction for which you are submitting Form 60, such as opening an account, applying for debit/credit card, purchase/sale of motor vehicle/immovable property, etc.
17.Date of transaction (DD/MM/YYYY)The date of transaction for which you are submitting Form 60
18.Name and address of the institution where the transaction is undertakenThe name and address of PNB branch or office where you are undertaking the transaction
19.Signature/thumb impression of declarantYour signature/thumb impression at the end of the form
Tips and precautions for filling Form 60
Some of the tips and precautions that you should follow while filling Form 60 are:
Fill the form in capital letters using black ink only
Do not overwrite or use correction fluid on the form
Provide accurate and complete information in all the fields
Attach self-attested copies of your ID proof and address proof along with the form
Submit the form within the prescribed time limit to avoid penalties or rejection of your transaction
Keep a copy of the form and the acknowledgement receipt for your records
How to submit Form 60 to Punjab National Bank?
You can submit Form 60 to PNB either offline or online depending on your convenience. Here are the methods for both:
Offline submission of Form 60
If you prefer to submit Form 60 offline, you can follow these steps:
Visit your nearest PNB branch or office where you want to undertake the transaction
Collect a copy of Form 60 from the branch or download it from the PNB website as explained above
Fill the form as per the instructions given above and attach self-attested copies of your ID proof and address proof
Submit the form along with the documents to the concerned officer at the branch or office
Get an acknowledgement receipt for your submission and keep it safely for future reference
Online submission of Form 60
If you prefer to submit Form 60 online, you can follow these steps:
Login to your PNB internet banking account using your user ID and password at
Select "Services" from the menu bar and then click on "Form 60"
A new page will open where you can fill Form 60 online by providing the required information as per the instructions given above
You can also upload scanned copies of your ID proof and address proof along with the form
After filling and uploading all the details, click on "Submit" button at the bottom of the page
You will receive a confirmation message on your registered mobile number and email ID for your submission and an acknowledgement receipt will be generated which you can download or print for your records
Frequently Asked Questions (FAQs) about Form 60
Q1. Can I use Form 60 instead of PAN for filing income tax return?
A1. No, you cannot use Form 60 instead of PAN for filing income tax return. Form 60 is only a declaration for those who do not have PAN and who enter into certain transactions as per Rule 114B. If you have any taxable income, you must apply for PAN and file your income tax return using your PAN. You can apply for PAN online at or offline at any designated PAN service center.
Q2. What is the difference between Form 60 and Form 61?
A2. Form 60 is a declaration for those who do not have PAN and who enter into certain transactions as per Rule 114B. Form 61 is a declaration for those who have only agricultural income and do not have any taxable income and who enter into certain transactions as per Rule 114B. Both forms are similar in format and content, except that Form 61 requires the declarant to provide details of their agricultural income and land holdings.
Q3. How long does it take to get PAN after submitting Form 60?
A3. It usually takes about 15 to 20 days to get PAN after submitting Form 60, provided that you have applied for PAN and submitted all the required documents along with the application. You can track the status of your PAN application online at or by calling the toll-free number 1800-180-1961.
Q4. Can I use Aadhaar number instead of PAN or Form 60?
A4. Yes, you can use Aadhaar number instead of PAN or Form 60 for certain transactions as per Rule 114B, if you have linked your Aadhaar number with your PAN and bank account. However, you should note that Aadhaar number is not a substitute for PAN for filing income tax return or for other purposes where PAN is mandatory.
Q5. What are the consequences of providing false or incomplete information in Form 60?
A5. Providing false or incomplete information in Form 60 is a serious offence under the Income Tax Act, 1961 and may attract penalties or prosecution or both. The penalties may range from Rs.10,000 to Rs.1 lakh depending on the nature and amount of transaction. The prosecution may lead to imprisonment for up to seven years and fine depending on the severity of the offence.
We hope this article has helped you understand what is Form 60, why is it required, how to download it from PNB website, how to fill it correctly and avoid penalties, and how to submit it to PNB. If you have any queries or feedback, please feel free to contact us at or call us at our toll-free number 1800-180-2222. 44f88ac181
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