Mandatory PAN quoting for specified financial transactions including bank accounts, investments, property and high value payments. Quoting of Permanent Account Number (PAN) is mandatory for specified transactions including vehicle purchases (excluding two wheelers), opening bank or demat accounts, credit/debit card applications, high value cash payments for hotels or foreign travel and currency, investment transactions in mutual funds, debentures, bonds and Reserve Bank instruments, certain cash deposits and purchases of bank drafts, time deposits and pre paid payment instruments, life insurance premiums above thresholds, securities and unlisted share transactions above thresholds, immovable property transactions above prescribed valuation, and other goods or services transactions exceeding the per transaction limit; Central and State Governments and Consular Offices are exempt, minors without taxable income may use a parent's or guardian's PAN, and Form No.60 may be furnished if PAN is absent.