INDIAN RAILWAY FINANCE CORPORATION LIMITED

Each Applicant (except for ASBA Applicants) shall draw a cheque or demand draft for the Application Amountas per the following terms:(a) The payment instruments from all resident Applicants shall be payable into the Escrow Accounts drawn infavour of “IRFC Tax Free Bonds 2012 – Escrow Account – R”.(b) The payment instruments from all FII and Eligible NRI Applicants shall be payable in the Non ResidentEscrow Accounts drawn in favour of “IRFC Tax Free Bonds 2012–Escrow Account – NR”.(c) Payments should be made by cheque, or a demand draft drawn on any bank (including a co-operative bank),which is situated at, and is a member of or sub-member of the bankers’ clearing house located at the centrewhere the Application Form is submitted. Outstation cheques/bank drafts drawn on banks not participatingin the clearing process will not be accepted and Applications accompanied by such cheques or bank draftsare liable to be rejected.(d) The monies deposited in the Escrow Accounts will be held for the benefit of the Applicants until theDesignated Date.(e) On the Designated Date, the Escrow Collection Banks shall transfer the funds from the Escrow Accountsand the Non Resident Escrow Accounts as per the terms of the Escrow Agreement, the Shelf Prospectus andthis Prospectus Tranche-1 into the Public Issue Account and the Non Resident Public Issue Account,respectively. The Escrow Collection Bank shall also, upon receipt of instructions from the Lead Managersand the Registrar, transfer all amounts payable to Applicants, who have not been allotted Bonds to theRefund Accounts.Please note that Applications accompanied by Application Amounts in cash/ stock invest/ money orders/ postalorders will not be accepted.The Escrow Collection Banks will act in terms of the Shelf Prospectus, this Prospectus Tranche-1 and theEscrow Agreement. The Escrow Collection Banks shall not exercise any lien whatsoever over the moniesdeposited therein. It is mandatory for our Company to keep the proceeds of the Issue in an escrow account untilthe documents for creation of security as stated in this Prospectus Tranche-1 are executed.Additional information for Applicants1. Application Forms submitted by Applicants (except for Applicants applying for the Bonds in physical form)whose beneficiary accounts are inactive shall be rejected.2. For ASBA Applicants, no separate receipts will be issued for the money blocked on the submission ofApplication Form. However, the collection centre of the Members of the Syndicate or the SCSB or theTrading Member, as the case may be, will acknowledge the receipt of the Application Forms by stampingand returning to the Applicant the acknowledgement slip. This acknowledgement slip will serve as theduplicate of the Application Form for the records of the Applicant.3. Applications should be submitted on the Application Form only. In the event that physical ApplicationForms do not bear the stamp of the Members of the Syndicate/ Trading Member or the relevant DesignatedBranch, they are liable to be rejected.Applicants are advised not to submit Application Forms to Escrow Collection Banks (unless such EscrowCollection Bank is also an SCSB) and the same will be rejected in such cases and the Applicants will notbe entitled to any compensation whatsoever.Pre-Issue AdvertisementOur Company will issue a statutory advertisement on or before the Issue Opening Date. This advertisement willcontain the information as prescribed under the SEBI Debt Regulations. Material updates, if any, between thedate of filing of this Prospectus Tranche-1 with the RoC and the date of release of this statutory advertisementwill be included in the statutory advertisement.69