Anoop and other Indians in this forum, I suggest you apply for PCC as soon as possible. If you had applied in tatkal for your passport, then chances are your police verification is pending . This happened to me when I had applied for PCC. I visited four countries using my passport, but my police verification wasn't done.! They said it was a mistake and it normally happens when we apply for tatkal passport, the police fails to do it's job. So, it took me two months to complete the police verification, and then I had to apply for PCC . I am not saying it happens in every case but it happened with me.
If your police verification on your passport is complete, then you receive PCC on the same day.
So better to be careful rather than wait!