Is Form 60 taken confirms whether the prescribed declaration has been collected from a customer who does not have a PAN, where such declaration is permitted. In MSME and banking onboarding, PAN is a key identifier for tax, KYC, deduplication, bureau checks, and regulatory reporting. When PAN is unavailable, Form 60 may be required to document the customer’s declaration and reason. For example, a small proprietorship or individual guarantor without PAN may need Form 60 before the account or facility is processed, subject to policy. This field matters because missing PAN/Form 60 can create compliance gaps and reporting issues. The common caution is to treat Form 60 as an exception document, verify eligibility, and update PAN when it becomes available.