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What is A1 and A2 payments?

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)

Who fills A2 form?

Form A2 is a FEMA declaration cum application for the purchase of foreign exchange for remittance purposes. The remitter needs to fill up the details on the amount of remittance, beneficiary detail and the NRI repatriation purpose code to indicate the reason for repatriation.

Is Form A2 mandatory?

What is Form A2? 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 purpose of 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 payment?

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)

form a2 in word format

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What is A2 declaration form?

Form A2 is a FEMA declaration cum application for the purchase of foreign exchange for remittance purposes. The remitter needs to fill up the details on the amount of remittance, beneficiary detail and the NRI repatriation purpose code to indicate the reason for repatriation.

What documents are required for A2 payment?

Retail Outward Remittance Application A2 cum LRS Declaration. PAN card copy. In case the remittance amount is ₹ 10 lac and above, a cancelled cheque need to be submitted additionally (applicable for ICICI Bank account holders) Credit card bill or invoice.

How to fill out A2 form?

What should you add to the A2 form? Name of AD branch. Please add the name of the bank where you will transfer from. Savings Bank/ Current/ RFC/ EEFC A/c. No. Details of the remittances made/transactions effected under the Scheme in the current financial year of April to March)

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What is A1 and A2 payments?

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