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For the tax department, it is essential to track the financial transactions and incomes of taxpayers Not just of individuals but also transactions conducted by companies, partnership firms, HUFs, foreigners, etc., are supervised by the department. Tax evasion is one of the most significant reasons why this surveillance is necessary.

Enabling the tax authorities to track such transactions is the Permanent Account Number (PAN) that every taxpayer has in the country.

What is PAN?

PAN is a 10-digit alphanumeric unique code allotted to every taxpayer by the IT department, as per the guidelines set by the Central Board of Direct Taxes (CBDT). When you apply for a PAN, you receive a laminated plastic card imprinted with your unique 10-digit identification number. The PAN of two taxpayers can never be the same.

PAN is the reference point used by the Income Tax Department to identify and track taxpayers and their records. So much so that, Section 139AA of the Income-tax Act,1961 mandates taxpayers link their PAN to their Aadhaar cards.

Apart from income tax purposes, there are a variety of day-to-day transactions where a PAN must be cited and recorded.

All tax-related information of a taxpayer is stored in an electronic system against their PAN. From receiving a salary or professional fees to investing in mutual funds or the sale or purchase of assets above specified limits, it is mandatory to use the PAN.

Apart from being the single most important document for financial transactions and tax-related activities, a PAN also functions as a vital proof of identity in India.

PAN’s history and origin

PAN replaced the General Index Number (GIR) system in India. GIR was a largely manual system that was unique at the Assessing Officer level. To replace it with a single national numbering system, PAN was introduced in 1972 by the Indian government. These early-era PANs went on to be referred to as old-series PANs.

In 1976, PAN became statutory under section 139A of the Income Tax Act 1961. Thus, the optional PAN became mandatory for all taxpayers During these early days, allotment of PAN was a manual process, with a set of PANs being allotted to wards and circles to maintain their uniqueness. Old series PANs ceased to exist in 1995, and PAN, as we know it today, came into being.

PAN format

PAN is an alphanumeric identifier that is made up of 10 characters It is in the sequence of five alphabets, four numbers and then one alphabet. A PAN card issued by the Income Tax Department of India is a plastic card the size of a Credit Card. It is bilingual, with information in India’s two official languages – English and Hindi.

It contains the following information -

  1. “Income Tax Department” and “Govt. of India” are on top, with the lion capital in between.
  2. The enhanced QR code contains the signature and photograph of the cardholder.
  3. The 10-digit PAN
  4. A Government of India hologram
  5. Cardholder’s name
  6. Cardholder’s father’s name
  7. Cardholder’s date of birth
  8. Cardholder’s signature
  9. Cardholder’s photograph

PAN numbering logic

  1. The first three alphabets represent the alphabetic series ranging from AAA to ZZZ.
  2. The fourth alphabet signifies the status of the PAN holder. The different statuses a cardholder can have are -

    • P - Individual
    • C - Company
    • H - Hindu undivided family
    • A - Association of persons
    • B - Body of individuals
    • G - Government agency
    • J - Artificial juridical person
    • L - Local authority
    • F - Firm or limited liability partnership
    • T - Trust
  3. The fifth alphabet represents the first character of the PAN holder’s last name. In the case of non-individual entities, it represents the first character of the PAN holder’s name.
  4. The sixth to ninth characters are four numbers within the sequence of 0001 to 9999.
  5. The last character in the series is an alphabet.

Benefits of a PAN Card

PAN is mandatory for a lot of transactions and financial dealings; it is only when you have a PAN that you will be able to:

  • Open a bank account
  • File Income Tax Returns
  • Enter into a financial transaction of Rs 50,000 or more
  • Register your business
  • Carry out foreign transactions
  • Check your CIBIL score

Also Read: What Are The Disadvantages Of Having A Bad CIBIL Score?

Dos and Don’ts for filling up a PAN Update Form

The “dos” would include:

  • Using Form 49AA
  • Writing in block letters in English
  • Providing 2 passport-size photos
  • Signing within the box
  • Providing the correct AO code
  • The name and address on the form must match the one mentioned in your proof of address and identity

These are the “don’ts” you should keep in mind:

  • No overwriting or corrections are permitted in the form
  • The use of a pin or staple is not allowed
  • Ensure your signature is inside the specified box
  • Date, resignation, rank etc. must not be included in your signature
  • No abbreviations or initials are to be used in the name
  • Do not add the name of your husband in the “Father’s” name section

Who can and must have a PAN card?

Every Indian and foreign citizen and entities are eligible to apply for a PAN card. There is no age limit, so even minors can have one.
Thus, resident Indians, foreign nationals, companies, firms, etc., are all eligible. Even existing taxpayers, assesses, or people who file tax returns should have one. It is also mandatory in case tax returns are filed on behalf of someone else.

Individuals who want to conduct a financial or economic transaction where it is mandatory to quote a PAN should also have a PAN card.
Section 139A of the Income Tax Act specifies the conditions when you must have a PAN card.

  • Your previous year’s total income, or the total income of anyone in respect of which you are assessable under the Income Tax Act, is more than the income slab not chargeable to income tax.
  • You carry on a business or a profession whose total sales or gross receipts are or are likely to be over ₹ 5 lakh.
  • You are required to furnish income returns under section 139(4A), i.e., ITR of religious or charitable trusts.
  • You are required to file a return of fringe benefits as an employer under section 115WD.
  • A non-individual resident who has financial transactions of a total of ₹ 2.5 lakh or more during the financial year.
  • With respect to the preceding point, if you are the resident’s managing director, director, partner, trustee, author, founder, CEO, principal officer or office bearer, or someone who is competent to act on the resident's behalf.
  • You enter into such transaction as prescribed by the Board in the interest of the revenue.
  • Any class of people specified by the government as liable to pay tax, including importers and exporters.
  • Any class of people who are instructed to apply for PAN as specified by the government for the purpose of collecting information.
  • If the assessing officer, after regarding the nature of the transaction, decides to allot a PAN to any person.

Besides these, it is also applicable if you enter into a financial transaction where quoting of a PAN is mandatory.

Applications where a PAN is mandatory

The central government, state governments and consular offices are not required to quote a PAN. However, for any other person, quoting a PAN is mandatory in these situations -

  • The sale or purchase of a motor vehicle except for two-wheelers.
  • Opening an account with a banking company or a cooperative bank other than specified time deposits and basic savings bank deposit accounts.
  • While applying for a credit or debit card.
  • To open a Demat account with a depository participant, custodian of securities or anyone else, with SEBI.
  • One-time cash payment more than ₹ 50,000 for a hotel or restaurant bill.
  • One-time cash payment of over ₹ 50,000 in connection with overseas travel or for the purchase of any foreign currency.
  • Payment in excess of ₹ 50,000 towards a mutual fund scheme for purchasing its units.
  • Payment of over ₹ 50,000 to a company or an institution to purchase its debentures or bonds.
  • ₹ 50,000 or more paid to the Reserve Bank of India for acquiring its bonds.
  • Cash deposits exceeding ₹ 50,000 in a day with a bank, including a cooperative bank.
  • Cash payment of over ₹ 50,000 during one day against bank drafts, pay orders or a banker's cheque from a banking company or a cooperative bank.
  • A time deposit of ₹ 50,000 or an aggregate of ₹ 5 lakh or more during a financial year, with a banking company or a non-banking financial company, cooperative bank, Nidhi (section 406 of the Companies Act, 2013), or post office.
  • Payment in cash and or by way of a bank draft, pay order or a banker's cheque that is equal to or more than ₹ 50,000 in a financial year for one or more pre-paid payment instruments. These are as per the policy guidelines on pre-paid payment instruments that are issued by the RBI under section 18 of the Payment and Settlement Systems Act 2007. This is made to banks, cooperative banks or other companies or institutions.
  • Life insurance premium payment to an insurer aggregating more than ₹ 50,000 in a financial year.
  • ₹ 1 lakh or more per transaction paid for the sale or purchase of securities (other than shares).
  • Sale or purchase of shares of an unlisted company by any person for an amount exceeding ₹ 1 lakh per transaction.
  • Payment of ₹ 10 lakh or more on the sale or purchase of any immovable property or if the transaction is valued over ₹ 10 lakh by stamp valuation authority referred to in section 50C of the Act.
  • Payment of ₹ 2 lakh or more on a transaction of sale or purchase of any goods or services other than those specified above.

Further, the government has now made PAN or Aadhaar mandatory for cash deposits and withdrawals involving banks, cooperative banks and post offices if the aggregate value in the financial year exceeds ₹ 20 lakh.

Exceptions to mandatory quoting of PAN

There are a few situations where there is an exception to the mandatory quoting of a PAN.

  • A minor can quote their parent’s/guardian’s PAN, provided they do not have any income chargeable to income tax.
  • A person without a PAN can execute any of the above transactions by making a declaration in Form No.60.
  • Non-residents are not required to quote a PAN in the transactions mentioned in points 3, 5, 6, 9, 11, 13 or 18 above.

Importance of a PAN in everyday life

As already explained, a PAN card is an important document for income tax purposes. But it is a useful document needed for many other day-to-day activities. These include -

  • As an approved identity and date of birth proof.
  • For banking activities, starting with opening an account.
  • To apply for a loan.
  • While buying or selling property above ₹ 5 lakh in value.
  • To purchase jewellery or bullion worth ₹ 5 lakh or more.
  • For payment wallets.
  • To get an LPG and most other utility connections.
  • To open a Demat account and much more.
To know more about the uses and benefits of PAN, you can also read this article.

How can I get a PAN card?

You can apply for a PAN online or offline. UTI Infrastructure and Technology and Service Limited (UTIITSL) and Protean e-Gov Technologies Limited (PTL, formerly NSDL) manage PAN service centres for the Income Tax Department.

To apply for a PAN, you must fill out Form 49A/49AA. The PAN application form, along with your related documents and PAN card apply fees must be submitted at the UTIITSL or PTL PAN application centres. An application can also be made on the UTIITSL or PTL website. Form 49A is meant for residents, while 49AA is for non-residents and foreign companies.

Here is a brief overview of the online and offline PAN application process -

Online PAN Application

  • Visit the NSDL or UTIITSL website and fill out the application form.
  • Select “Form 49A” as “Application Type” if you’re a resident Indian and want to apply for a new PAN.
  • In the “Category” column, select your applicable category from Individual, Company, Trust, etc.
  • Enter “Applicant Information” like Title, Last Name, First Name, Middle Name, DOB, Email ID, and Mobile Number.
  • Enter the captcha code and click on “Submit”.
  • Attach relevant identity, address, and date of birth proofs.
  • Pay the applicable fee online to receive an “Acknowledgment Number” and complete the application process.

Offline PAN Application

If you want to apply for a PAN Card offline, you can visit the nearest district-level PAN agency. A list of these agencies can be found on the PTL(NSDL) and UTIITSL websites. Here is how you can apply for PAN offline -

  • Visit the nearest PAN agency.
  • Fill out the application form and attach relevant documents.
  • Pay the processing fee along with the documents to complete your application.
Once you have successfully completed the online or offline PAN application, it will be dispatched to your postal address within 15 working days. In case you have applied for an e-PAN, it will be sent to your registered email address in PDF format within 15 days.

Two PANs are one too many

According to section 272B of the Income Tax Act, it is illegal to own more than one PAN. It attracts a fine of ₹ 10,000. If multiple PANs are used in evading tax, the rules of the Income Tax Act on tax evasion become applicable. This can include jail time.

  • Obtain the PAN Change Request form
  • Fill out the form, and mention the PAN you are using at the top of the form
  • All other PAN(s) allotted to you must be mentioned in item 11 of the form
  • Submit the form with all the other PAN cards

PAN card application fees

The fee for applying through e-KYC and e-sign is ₹ 101 (₹ 93 plus 18% GST) for Indian addresses and ₹ 1,011 (application fee + dispatch charge ₹ 857 + 18% GST) for foreign addresses. For PAN application through a physical mode, the fee is ₹ 107 for Indian addresses and ₹ 1,017 for foreign addresses.

In case you do not want a physical PAN Card, you can apply for an e-PAN Card, which is a valid substitute. The processing fee for an e-PAN is ₹ 66 if the application is through e-KYC and e-sign and ₹ 72 for a physical application.

Instant PAN

Aadhaar number holders can also apply for an instant PAN based on the details. Such a person must not have a PAN, must have the date of birth and phone number recorded in their Aadhaar details, and must not be a minor at the time of registering a PAN application.

PAN Aadhaar linking

Section 139AA provides that a person applying for a PAN must quote their Aadhaar number or the enrolment ID of the Aadhaar application form.
The section further states that existing PAN Card holders who are eligible to obtain an Aadhaar number must intimate their Aadhaar number to the Income Tax department. Failure to do so would render the PAN inoperative. The last date for PAN-Aadhaar linkage has been extended to 30th June 2023.

An inoperative PAN would have the same effect as not furnishing, intimating or quoting a PAN in transactions, with similar consequences.
To know the problems you may face while linking a PAN and Aadhaar and how to tackle them, you must read this article.

How to check if your Aadhaar and PAN cards are linked

To check your PAN-Aadhaar link status, use the following steps -

  • Type the following as an SMS - UIDPAN <12-digit Aadhaar number> < 10-digit PAN number>.
  • Send the SMS to ‘567678’ or ‘56161’.
  • Wait for a reply.
  • You will receive a message intimating if the Aadhaar-PAN link exists in the Income Tax Department database.

Lost/Download PAN Card

If your PAN Card is lost, stolen or damaged, you can apply for a new copy of the card. You can also download an e-PAN immediately.

Log on to the Income Tax portal, UTIITSL or PTL website to download an e-PAN. You must fill in a form and provide details like your name, phone number, and email address. The e-PAN is mailed to your inbox. You can download it from there and use it till you receive the new physical copy of your PAN card.

Conclusion

The importance of PAN in financial transactions and our everyday life cannot be denied. Everyone must have a PAN for its importance as well as usefulness. If you don’t have a PAN yet, apply for it online or offline today!

Can you save more Tax??
Plan here

FAQs – Frequently Asked Questions


  • Can I get a PAN in 2-3 days ?

    You can get a PAN in 48 hours by applying for it online on the NSDL website. You can also download the form and submit it physically at a PAN centre, along with other documents.

  • How to verify PAN in the e-filing portal ?

    To verify your PAN, visit the e-filing portal, and click on the Verify Your PAN option. Then, enter your PAN, name, date of birth, and mobile number. You will receive a six-digit OTP, using which you can validate you PAN.

  • What is instant e-PAN ?

    In the e-filing portal, click on Instant e-PAN. Then click on Get New e-PAN. Enter your Aadhaar number, confirm and continue. Validate your Aadhaar e-KYC details and continue. The instant e-PAN is submitted.

  • Does PAN change with change in name ?

    There is no need to change details on the PAN even if the name of the person changes.

  • What happens when PAN becomes inoperative ?

    Inoperative PAN is not the same as inactive PAN. A taxpayer with an inoperative PAN will have difficulty filing their returns, face delays in processing of filed returns, refund processing, face higher TDS deductions, delay in proceedings, etc.

  • How to make an inoperative PAN operative ?

    The taxpayer has to visit the e-filing portal and pay the penalty of Rs 1,000. Once the payment is made, the PAN would become operative again in 30 days.

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Although all efforts are made to ensure that information and content provided as part of this Website is correct at the time of inclusion on the Website, however there is no guarantee to the accuracy of the Information. This Website makes no representations or warranties as to the fairness, completeness or accuracy of Information. There is no commitment to update or correct any information that appears on the Internet or on this Website. Information is supplied upon the condition that the persons receiving the same will make their own determination as to its suitability for their purposes prior to use or in connection with the making of any decision. Any use of this Website or the information is at your own risk. Neither ABCL and ABC Companies, nor their officers, employees or agents shall be liable for any loss, damage or expense arising out of any access to, use of, or reliance upon, this Website or the information, or any website linked to this Website.

No Liability

This Website is provided to you on an "as is" and "where-is" basis, without any warranty. ABCL, for itself and any ABC Companies and third party providing information, Materials (defined later), facilities, or content to this Website, makes no representations or warranties, either express, implied, statutory or otherwise of merchantability, fitness for a particular purpose, or non-infringement of third party rights, with respect to the website, the information or any products or facilities to which the information refers. ABCL will not be liable to you or any third party for any damages of any kind, including but not limited to, direct, indirect, incidental, consequential or punitive damages, arising from or connected with the site, including but not limited to, your use of this site or your inability to use the site, even if ABCL has previously been advised of the possibility of such damages. Any access to information hosted on third party websites of billers/banks/merchants/ABC Companies etc. is not intended and shall not be treated as an offer to sell or the solicitation of an offer to buy any product/offering of these ABC Companies or third parties.

The Facilities Provider or ABCL or ABC Companies shall have absolutely no liability in connection with the information and Material posted on this Website including any liability for damage to your computer hardware, data, information, materials, or business resulting from the information and/or Material or the lack of information and/or Material available on the Website. In no event shall ABCL or ABC Companies shall be liable for any for any special, incidental, consequential, exemplary or punitive damages for any loss, arising out of or in connection with (a) the use, misuse or the inability to use this Website; (b) unauthorized access to or alteration of your transmissions or data; (c) statements or conduct of any third party on the site; or (d) any other matter whatever nature relating to this Website.

Further, the Facilities Provider cannot always foresee or anticipate technical or other difficulties. The facilities may contain errors, bugs, or other problems. These difficulties may result in loss of data, personalization settings or other facilities interruptions. The Website does not assume responsibility for the timeliness, deletion, mis-delivery, or failure to store any user data, communications, or personalization settings.

The Facilities Provider, ABCL, ABC Companies and the providers of information shall not be liable, at any time, for any failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communications line failure, theft or destruction or unauthorized access to, alteration of, or use of information contained at this Website.

Manner of Use of Personal Information

All Personal Information including Sensitive Personal Information provided/related to you, shall be stored/used/processed/transmitted expressly for the Purpose or facilities indicated thereon at the time of collection and in accordance with the Privacy Policy. Other than those otherwise indicated and agreed by You, this Website do not collect or store or share your Personal Information. Aditya Birla Capital is the brand and accordingly all products and facilities are provided by respective ABC Companies as applicable. Therefore, for any of these Purposes, the Website will use ABC Companies their authorized third party vendors, agents, contractors, consultants or facilities providers (individually a ‘Third Party Service Provider’ and collectively, the “Third Party Service Providers”) and to that extent you understand and authorize the Facilities Provider to share/transmit such information to Third Party Service Providers. Such sharing of information will be solely for the purpose to fulfill / complete / authenticate your specific requests/transaction execution and for providing information about any ABC Companies product or facilities or services or for data analytics or to deliver to you any administrative notices, alerts or communications relevant to your Purpose (and which may include sending promotional emails or SMS or calls or any other mode permitted under law) or to analyze the usage and improve the facilities/solutions offered or for any research or troubleshooting problems, detecting and protecting against errors or to improve features, tailor the facilities on the Website to your interests, and to get in touch with you whenever necessary.

Except in the manner as stated in the Privacy Policy, the Website will not disclose your Personal Information with any affiliated or unaffiliated third parties,

You may receive e-mails /communications/notifications from the Third Party Services Providers regarding facilities updates, information/promotional e-mails/SMS and/or update on new product announcements/services in such mode as permitted under law.

Use of Website in India

This Website is controlled and operated from India and there is no representation that the Materials/information are appropriate or will be available for use in other locations. If you use this Website from outside the India, you are entirely responsible for compliance with all applicable local laws. There is no warranty or representation that a user in one region may obtain the facilities of this website in another region.

Information published on the Website may contain references or cross references to products, programs and facilities offered by ABC Companies/third parties that are not announced or available in your country. Such references do not imply that it is intended to announce such products, programs or facilities in your country. You may consult your local advisors for information regarding the products, programs and services that may be available to you.

In your use of the Website, you may enter correspondence with, purchase goods and/or facilities from, or participate in promotions of advertisers or members or sponsors of the web site, including those of ABC Companies. Unless otherwise stated, any such correspondence, advertisement, purchase or promotion, including the delivery of and the payment for goods and/or facilities, and any other term, condition, warranty or representation associated with such correspondence, purchase or promotion, is solely between you and the applicable ABC Companies and/or third parties.

You agree that Facilities Provider / ABC Companies has no liability, obligation or responsibility for any such correspondence, purchase or promotion between you and any other ABC Companies and/or third parties.

Third party websites

This Website may be linked to other websites (including those of ABC Companies) on the World Wide Web that are not under the control of or maintained by ABCL. Such links do not indicate any responsibility or endorsement on our part for the external website concerned, its contents or the links displayed on it. These links are provided only as a convenience, in order to help you find relevant websites, facilities and/or products that may be of interest to you, quickly and easily. It is your responsibility to decide whether any facilities and/or products available through any of these websites are suitable for your purposes. The Facilities Provider or ABCL is not responsible for the owners or operators of these websites or for any goods or facilities they supply or for the content of their websites and does not give or enter into any conditions, warranties or other terms or representations in relation to any of these or accept any liability in relation to any of these (including any liability arising out of any claim that the content of any external web site to which this web site includes a link infringes the intellectual property rights of any third party).

USE of APP

In case any facilities/services, access/dissemination of information or execution of transaction is done through use of any APP related to ABC Companies, the additional terms and conditions governing the Use of APP shall be applicable and to be read along these Terms of Use.

Postings and monitoring

The Facilities Provider or ABCL or ABC Companies does not routinely monitor your postings to the Website but reserves the right to do so if deemed necessary if it is related to the facilities offered on the web site and to comply with law. However, in our efforts to promote good citizenship within the internet community, if the Facilities Provider or ABCL or ABC Companies becomes aware of inappropriate use of the Website or any of its facilities, any information, opinions, advice or offers posted by any person or entity logged in to the Website or any of its associated sites is to be construed as public conversation only, and the Facilities Provider or ABC Companies shall not be liable or responsible for such public conversation. You agree that in such cases, we will respond in any way that, in our sole discretion, as deemed appropriate. You acknowledge that Facilities Provider or ABC Companies will have the right to report to law enforcement authorities any actions that may be considered illegal, as well as any information it receives of such illegal conduct. When requested, ABC Companies/Facilities Provider will co-operate fully with law enforcement agencies in any investigation of alleged illegal activity on the internet.

Submissions and unauthorized use of any Materials contained on this Website may violate copyright laws, trademark laws, the laws of privacy and publicity, certain communications statutes and regulations and other applicable laws and regulations. You alone are responsible for your actions or the actions of any person using your user name and/or password. As such, you shall indemnify and hold Facilities Provider, ABCL / ABC Companies and its officers, directors, employees, affiliates, agents, licensors, and business partners harmless from and against any and all loss, costs, damages, liabilities, and expenses (including attorneys' fees) incurred in relation to, arising from, or for the purpose of avoiding, any claim or demand from a third party that your use of the Website or the use of the Website by any person using your user name and/or password (including without limitation your participation in the posting areas or your submissions) violates any applicable law or regulation, or the rights of any third party.

We reserve the right to terminate access to this Website at any time and without notice. Further this limited license terminates automatically, without notice to you, if you breach any of these Terms of Use. Upon termination, you must immediately destroy any downloaded and printed Materials.

If you come across any breaches/violation or offensive material you must report to us at abc.secretarial@adityabirla.com

Use of Cookies

You agree and understand that the Website will automatically receive and collect certain anonymous information in standard usage logs through the Web server, including computer/computer resource-identification information obtained from "cookies" sent to your browser from a web server or other means as explained in the Privacy Policy.  

Facilities Changes and Discontinuation

The Website reserves the right to discontinue or suspend, temporarily or permanently, the facilities. You agree that the Facilities Provider/ ABC Companies will not be liable to you in any manner whatsoever for any modification or discontinuance of the facilities. The format and content of this Website may change at any time. We may suspend the operation of this Website for support or maintenance work, in order to update the content or for any other reason.

ABCL, ABC Companies, and its directors, employees, associates, or other representatives shall not be liable for any damages or injury, arising out of or in connection with the use, or non-use including non-availability of the Website and also for any consequential loss or any damages caused because of non-performance of the system due to a computer virus, system failure, corruption of data, delay in operation or transmission, communication line failure, or any other reason whatsoever. The Website will not be responsible for any liability arising out of delay in providing any information on the Website.

Compliance with the Law

You agree that you will not:

  • Use any robot, spider, scraper, deep link or other similar automated data gathering or extraction tools, programme, algorithm or methodology to access, acquire, copy or monitor the Website, or any portion of the Website.
  • Use or attempt to use any engine, software, tool, agent, or other device or mechanism (including without limitation, browsers, spiders, robots, avatars or intelligent agents) to navigate or search the Website, other than the search engines generally available by third party web browsers
  • Post or transmit any file which contains viruses, worms, Trojan horses or any other contaminating or destructive features, or that otherwise interferes with the proper working of the Website or the facilities.
  • Attempt to decipher, decompile, disassemble, or reverse engineer any of the software, comprising or in any way making up a part of the Website or the facilities.
  • You agree not to use the facilities for illegal purposes or for the transmission of material that is unlawful, harassing, libelous (untrue and damaging to others), invasive of another's privacy, abusive, threatening, or obscene, or that infringes the rights of others.

Restrictions on Commercial Use or Resale

Your right to use the facilities is personal to you; therefore, you agree not to resell or make any commercial use of the facilities. In addition, the Website welcomes your feedback as a user of the facilities. Any feedback you provide will become the confidential and proprietary information of the Website, and you agree that the Website may use in any manner and without limitation, all comments, suggestions, complaints, and other feedback you provide relating to the Website. The Website shall have a worldwide, royalty-free, non-exclusive, perpetual, and irrevocable right to use feedback for any purpose, including but not limited to incorporation of such feedback into the Website or other Website software or facilities.

No Endorsements

All product and facilities marks contained on or associated with the facilities that are not the Website marks are the trademarks of their respective owners. The Website would require you to respect the same. References to any such names, marks, products or facilities of third parties or hypertext links to third party sites or information does not imply the Website’s endorsement, sponsorship or recommendation of the third party, information, product or facilities.

Promotional Offers

You may receive from time to time, announcement about offers with intent to promote this Website and/or facilities/products of ABC Companies (“Promotional Offers”). The Promotional Offer(s) would always be governed by these Terms of Use plus certain additional terms and conditions, if any prescribed. The said additional terms and conditions, if prescribed, would be specific to the corresponding Promotional Offer only and shall prevail over these Terms of Use, to the extent they may be in conflict with these Terms of Use. The Website reserves the right to withdraw, discontinue, modify, extend and suspend the Promotional Offer(s) and the terms governing it, at its sole discretion.

Charges for use of Website

There are no charges or fees to be paid by you for use of this Website. However, you are responsible for all telephone access fees and/or internet service fees that may be assessed by your telephone and/or internet service provider. You further agree to pay additional charges, if any levied by Third Party Service Provider(s), for the facilities provided by them through the Website (Additional Charges).

No Endorsement

You are advised to be cautious when browsing on the internet and to use good judgment and discretion when obtaining information or transmitting information. From this Website, users may visit or be directed to third party web sites. The Website makes no effort to review the content of these web sites, nor is the Website or its licensors responsible for the validity, legality, copyright compliance, or decency of the content contained in these sites.

In addition, the Website does not endorse or control the content of any other user and is not responsible or liable for any content, even though it could be unlawful, harassing, libelous, privacy invading, abusive, threatening, harmful, vulgar, obscene or otherwise objectionable, or that it infringes or may infringe upon the intellectual property or other rights of another. You acknowledge that the Website does not pre-screen content, but that the Website will have the right (but not the obligation) in their sole discretion to refuse, edit, move or remove any content that is available via the facilities.

Electronic Communications

These Terms of Use and any notices or other communications regarding the Facilities may be provided to you electronically, and you agree to receive communications from the Website in electronic form. Electronic communications may be posted on the Website and/or delivered to your registered email address, mobile phones etc either by Facilities Provider or ABC Companies with whom the services are availed. All communications in electronic format will be considered to be in "writing". Your consent to receive communications electronically is valid until you revoke your consent by notifying of your decision to do so. If you revoke your consent to receive communications electronically, the Facilities Provider shall have the right to terminate the facilities.

Assignment

You shall not assign your rights and obligations under this Agreement to any other party. The Website may assign or delegate its rights and/or obligations under this Agreement to any other party in future, directly or indirectly, or to an affiliated or group company.

Legal Disclaimers

The information provided on or through the Website is for general guidance and information purposes only and they do not in any manner indicate any assurance or opinion of any manner whatsoever. Any information may be prone to shortcomings, defects or inaccuracies due to technical reasons. Certain information on Website may be on the basis of our own appraisal of the applicable facts, law and regulations in force at the date hereof.

The information (and opinions, if any) contained on the Website may have been obtained from public sources believed to be reliable and numerous factors may affect the information provided, which may or may not have been taken into account. The information provided may therefore vary (significantly) from information obtained from other sources or other market participants. Any reference to past performance in the information should not be taken as an indication of future performance. The information is dependent on various assumptions, individual preferences and other factors and thus, results or analyses cannot be construed to be entirely accurate and may not be suitable for all categories of users. Hence, they should not be solely relied on when making investment decisions. Your investment or financial decision shall always be at your own discretion and based on your independent research; and nothing contained on the Website or in any information would construe ABCL/ABC Companies or any of its employees/authorized representative as having been in any way involved in your decision making process. Any information and commentaries provided on the Website are not meant to be an endorsement or offering of any stock or investment advice.

Nothing contained herein is to be construed as a recommendation to use any product, process, equipment or formulation, in conflict with any patent, or otherwise and Facilities Provider / ABCL/ABC Companies makes no representation or warranty, express or implied that, the use thereof will not infringe any patent, or otherwise. Information on this Website sourced from experts or third party service providers, which may also include reference to any ABCL Affiliate. However, any such information shall not be construed to represent that they belong or represent or are endorsed by the views of the Facilities Provider or ABC Companies. Any information provided or sourced from ABCL Affiliate belongs to them. ABCL is an independent entity and such information from any ABCL Affiliate are not in any manner intended or to be construed as being endorsed by ABCL or Facilities Provider. The information does not constitute investment or financial advice or advice to buy or sell, or to endorse or solicitation to buy or sell any securities or other financial instrument for any reason whatsoever. Nothing on the Website or information is intended to constitute legal, tax or investment advice, or an opinion regarding the appropriateness of any investment or a solicitation of any type. Investment in the securities market and any financial instruments are inherently risky and you shall always assume complete and full responsibility for the outcomes of all the financial or investment decisions that you make, including but not limited to loss of capital. You are therefore advised to obtain your own applicable legal, accounting, tax or other professional advice or facilities before taking or considering an investment or financial decision.

No Solicitation

No Information at this Website shall constitute an invitation to invest in ABCL or any ABC Companies. These are meant for general information only or to meet statutory requirements or disclosures. ABCL or any of its employees are in no way liable for the use of the information by you, when making any decision or investing or trading through any investment vehicles or ABC Companies, or any other third party which may be engaged in offering of these services.

The information contained on this Website does not represent and should not be used to construe (i) the terms on which a new transaction would be entered into by ABCL or ABC Companies, (ii) the terms on which any existing transactions could be unwound by ABCL or ABC Companies, (iii) the calculation or estimate of an  amount that would be payable following an early termination of any past/existing transactions or (iv) the valuations given to any transactions by ABCL or ABC Companies in their books of account for financial reporting, credit or risk management purposes.

Statutory Disclosure

ABCL and ABC Companies are engaged in a broad spectrum of activities in the financial services sectors. You understand and acknowledge that Aditya Birla Money Limited (‘ABML’), Aditya Birla Finance Limited (‘ABFL’) and Aditya Birla Sun Life Asset Management Company Limited and trustees and sponsor of Aditya Birla Sun Life Mutual Fund (‘ABSLMF’) are group companies and ABML / ABFL also acts as a distributor of ABSLMF.  Any recommendation or reference of schemes of ABSLMF if any made or referred on the Website, the same is based on the standard evaluation and selection process, which would apply uniformly for all mutual fund schemes. You are free to choose the execution facilities in the manner deemed fit and proper and no commission will be paid by ABSLMF to ABML / ABFL if you choose to execute a transaction with ABSLMF on the Website, unless otherwise agreed by you and ABML/ABFL separately. Information about ABML/ABFL, its businesses and the details of commission structure receivable from asset management companies to ABML/ABFL, are also available on their respective Website.

Similarly Aditya Birla Money Insurance Advisory Services Limited and Aditya Birla Insurance Brokers Limited are insurance intermediaries and engaged in the distribution of Insurance Products and it may services may include products of Aditya Birla Sun Life Insurance Company Limited and Aditya Birla Health Insurance Company Limited. However there is no conflict on these services and commissions if any payable are in accordance of the extant regulations.

Force Majeure

The Facilities Provider, ABC Companies and any of its Third Party Service Providers shall not be liable for any delay or failure in performance resulting directly or indirectly from acts of nature, forces, or causes beyond their reasonable control, including, without limitation, Internet failures, computer equipment failures, telecommunication equipment failures, other equipment failures, electrical power failures, strikes, virus, other malicious computer code, hacking, labour disputes, riots, insurrections, civil disturbances, shortages of labour or materials, fires, flood, storms, explosions, acts of God, war, earthquake, governmental actions, orders of domestic or foreign courts or tribunals, non-performance of third parties, or loss of or fluctuations in heat, light, or air conditioning.

Indemnification

You agree to protect and fully compensate Facilities Provider, ABCL, ABC Companies, subsidiaries, licensors, suppliers and facilities providers, employees, officers and directors, from any and all third party claims, liability, damages, expenses and costs (including but not limited to reasonable attorneys fees) caused by or arising from your use of the facilities, your violation of the Terms of Use or your infringement, or infringement by any other user of your account, of any intellectual property or other right of anyone.

No Waiver

The Facilities Provider, ABC Companies or any of its third party service providers and processor bank/merchants etc. shall not be deemed to have waived any of its/their rights or remedies hereunder, unless such waiver is in writing. No delay or omission on the part of Facilities Providers and ABC Companies, in exercising any rights or remedies shall operate as a waiver of such rights or remedies or any other rights or remedies. A waiver on any one occasion shall not be construed as a bar or waiver of any rights or remedies on future occasions.

Exclusive Agreement

You agree that these Terms of Use are the complete and exclusive statement of agreement supersede any proposal or prior agreement, oral or written, and any other communications between you and the Facilities Provider and its Third Party Service Providers or processor bank/merchants relating to the subject matter of these Terms of Use. These Terms of Use, as the same may be amended from time to time, will prevail over any subsequent oral communications between you and the Website and/or the processor bank.

Termination

Either party can terminate this Agreement by notifying the other party in writing. Upon such termination You will not be able to use the facilities of this Website.

Governing Law and Jurisdiction

The Website specifically prohibits you from usage of any of its facilities in any countries or jurisdictions that do not corroborate to all stipulations of these Terms of Use. The Website is specifically for users in the territory of India. In case of any dispute, either judicial or quasi-judicial, the same will be subject to the laws of India, with the courts in Mumbai having exclusive jurisdiction.

These Terms and Conditions are governed by and to be interpreted in accordance with laws of India, without regard to the choice or conflicts of law provisions of any jurisdiction. You agree, in the event of any dispute arising in relation to these Terms and Conditions or any dispute arising in relation to the Website whether in contract or tort or otherwise, to submit to the jurisdiction of the courts located at Mumbai, India for the resolution of all such disputes.

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