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What is an A2 form?

Foreign Remittance Declaration Form A2 is a document used in India for the transfer of money abroad. It is a mandatory form that needs to be submitted to the authorised dealer (a bank or financial institution authorised by the Reserve Bank of India) for any outward remittance of foreign exchange.

What is the importance of A2 form?

This is a requirement set by the Reserve Bank of India, which is the apex bank of India. The purpose of this document is to declare the total amount transferred abroad from the remitter bank account in the given financial year.

What is A2 form under LRS?

Under the Liberalised Remittance Scheme (LRS), the Indian government and the Reserve Bank of India (RBI) now require an LRS Declaration form (fully titled A2 cum LRS Declaration) to transfer funds abroad. If you select to pay via Domestic Bank Transfer in INR, you may be required to fill out and submit this form.

What is the A2 form?

This is to docHub that the remittance is not being made by/ to ineligible entities and that the remittance is in conformity with the instructions issued by the Reserve Bank from time to time under the Scheme.

What is A1 and A2 form?

A1 - Application for Remittance in Foreign Currency (For Import Payments Only) 4. A1 - Application for Transfer of Indian Rupees to the Account of a Non-Resident Bank. 5. A2 - Application for Remittance Abroad (For Payments other than Imports and Remittances Covering Intermediary Trade)

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What is INR A2 form?

FORM A2. (for payments other than imports and remittances covering intermediary trade) Application for FCY Cash/ FCY DD/ Outward Remittance.

What is the difference between A1 and A2 payments?

As per the extant instructions, residents while making remittances exceeding USD 500 towards imports are required to apply in Form A1 and for other remittances in Form A2.

How can I transfer money from PNB to USA?

How to make an international transfer with PNB Log into your PNB NetBanking. Select Transactions tab. Select Transfer to other bank accounts, then LRS Submission. Choose the correct bank account number to transfer from. Click to confirm you accept the terms and conditions. Complete all the required information.

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