INDIAN RAILWAY FINANCE CORPORATION LIMITED

Instructions for completing the Application Form(a) Applications must be made in the prescribed Application Form.(b) Application Forms are to be completed in full, in BLOCK LETTERS in ENGLISH and in accordance withthe instructions contained in this Prospectus Tranche-1 and the Application Form. Incomplete ApplicationForms are liable to be rejected. Applicants should note that the Members of the Syndicate, or the TradingMembers, as appropriate, will not be liable for errors in data entry due to incomplete or illegibleApplication Forms.(c) Applications are required to be for a minimum of such Bonds and in multiples of such Bonds thereafter asspecified in this Prospectus Tranche-1.(d) Thumb impressions and signatures other than in the languages specified in the Eighth Schedule in theConstitution of India must be attested by a Magistrate or a Notary Public or a Special Executive Magistrateunder official seal.(e) Applications should be in single or joint names and not exceeding three names, and in the same order astheir Depository Participant details (in case of Applicants applying for Allotment of the Bonds indematerialized form) and Applications should be made by Karta in case the Applicant is an HUF. Pleaseensure that such Applications contain the PAN of the HUF and not of the Karta.(f) Applicants applying for Allotment in dematerialised form must provide details of valid and active DP ID,Client ID and PAN clearly and without error. On the basis of such Applicant’s active DP ID, Client ID andPAN provided in the Application Form, and as entered into the electronic Application system of StockExchanges by SCSBs, the Members of the Syndicate at the Syndicate ASBA Application Locations and theTrading Members, as the case may be, the Registrar will obtain from the Depository the DemographicDetails. Invalid accounts, suspended accounts or where such account is classified as invalid or suspendedmay not be considered for Allotment of the Bonds.(g) ASBA Applicants utilising physical Application Forms must ensure that the Application Forms arecompleted in full, in BLOCK LETTERS in ENGLISH and in accordance with the instructions contained inthis Prospectus Tranche-1 and in the Application Form.(h) If the ASBA Account holder is different from the ASBA Applicant, the Application Form should be signedby the ASBA Account holder also, in accordance with the instructions provided in the Application Form.(i) All Applicants are required to tick the relevant column in the “Category of Investor” box in the ApplicationForm.(j) Applications for all the Series of the Bonds may be made in a single Application Form only.(k) All Applicants are required to tick the relevant box of the “Mode of Application” in the Application Form,choosing either the ASBA or Non-ASBA mechanism.(l) ASBA Applicants should correctly mention the ASBA Account number and ensure that funds equal to theApplication Amount are available in the ASBA Account before submitting the Application Form to theDesignated Branch; otherwise the Application is liable to be rejected.We shall allocate and Allot Bonds of Tranche 1 Series II maturity to all valid Applications, wherein theApplicants have not indicated their choice of the relevant Series of Bonds applied for.Applicants’ PAN, Depository Account and Bank Account DetailsALL APPLICANTS APPLYING FOR ALLOTMENT OF THE BONDS IN DEMATERIALISED FORMSHOULD MENTION THEIR DP ID, CLIENT ID AND PAN IN THE APPLICATION FORM.APPLICANTS MUST ENSURE THAT THE DP ID, CLIENT ID AND PAN GIVEN IN THEAPPLICATION FORM ARE EXACTLY THE SAME AS THE DP ID, CLIENT ID AND PANAVAILABLE IN THE DEPOSITORY DATABASE. IF THE BENEFICIARY ACCOUNT IS HELD INJOINT NAMES, THE APPLICATION FORM SHOULD CONTAIN THE NAME AND PAN OF BOTH70