INDIAN RAILWAY FINANCE CORPORATION LIMITED

THE HOLDERS OF THE BENEFICIARY ACCOUNT AND SIGNATURES OF BOTH HOLDERSWOULD BE REQUIRED IN THE APPLICATION FORM.On the basis of the DP ID, Client ID and PAN provided by them in the Application Form, the Registrarwill obtain from the Depository the Demographic Details of the Applicants including PAN and MICRcode. These Demographic Details would be used for giving Allotment Advice and refunds (for non-ASBAApplicants), if any, to the Applicants. Hence, Applicants are advised to immediately update theirDemographic Details (including bank account details) as appearing on the records of the DepositoryParticipant and ensure that they are true and correct. Please note that failure to do so could result indelays in despatch/ credit of refunds to Applicants, delivery of Allotment Advice or unblocking of ASBAAccounts at the Applicants’ sole risk, and neither the Members of the Syndicate nor the TradingMembers, nor the Registrar, nor the Escrow Collection Banks, nor the SCSBs, nor our Company shallhave any responsibility and undertake any liability for the same.Applicants applying for Allotment of the Bonds in dematerialized form may note that in case the DP ID,Client ID and PAN mentioned in the Application Form, as the case may be and entered into the electronicApplication system of Stock Exchanges by the Members of the Syndicate, the Trading Members or theSCSBs, as the case may be, do not match with the DP ID, Client ID and PAN available in the Depositorydatabase or in case PAN is not available in the Depository database, the Application Form is liable to berejected and our Company, and the Members of the Syndicate shall not be liable for losses, if any.These Demographic Details would be used for all correspondence with the Applicants including mailing of theAllotment Advice and printing of bank particulars on the refund orders or for refunds through electronic transferof funds, as applicable. The Demographic Details given by Applicants in the Application Form would not beused for any other purpose by the Registrar except in relation to the Issue.By signing the Application Form, Applicants applying for the Bonds in dematerialised form would be deemed tohave authorised the Depositories to provide, upon request, to the Registrar, the required Demographic Details asavailable on its records.Refund orders/ Allotment Advice would be mailed at the address of the Applicants as per the DemographicDetails received from the Depositories. Applicants may note that delivery of refund orders/ Allotment Advicemay get delayed if the same once sent to the address obtained from the Depositories are returned undelivered. Insuch an event, the address and other details given by the Applicant (other than ASBA Applicants) in theApplication Form would be used only to ensure dispatch of refund orders. Further, please note that any suchdelay shall be at such Applicants’ sole risk and neither our Company, Escrow Collection Banks, Registrar northe Lead Managers shall be liable to compensate the Applicant for any losses caused to the Applicants due toany such delay or liable to pay any interest for such delay. In case of refunds through electronic modes asdetailed in this Prospectus Tranche-1, refunds may be delayed if bank particulars obtained from the DepositoryParticipant are incorrect.In case of Applications made under powers of attorney, our Company in its absolute discretion, reserves theright to permit the holder of a power of attorney to request the Registrar that for the purpose of printingparticulars on the refund order and mailing of the refund orders/Allotment Advice, the Demographic Detailsobtained from the Depository of the Applicant shall be used.In case no corresponding record is available with the Depositories, which matches the three parameters, namely,DP ID, Client ID and PAN, then such Applications are liable to be rejected.Electronic registration of Applications(a) The Members of the Syndicate, SCSBs and Trading Members will register the Applications using the onlinefacilities of Stock Exchanges. The Lead Managers, our Company, and the Registrar are not responsiblefor any acts, mistakes or errors or omission and commissions in relation to (i) the Applications accepted bythe SCSBs and Trading Members, (ii) the Applications uploaded by the SCSBs and the Trading Members,(iii) the Applications accepted but not uploaded by the SCSBs or the Trading Members, (iv) with respect toASBA Applications accepted and uploaded by the SCSBs without blocking funds in the ASBA Accounts or(v) with respect to ASBA Applications accepted and uploaded by Members of the Syndicate at theSyndicate ASBA Application Locations for which the Application Amounts are not blocked by the SCSBs.71