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People also ask
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What is the form A2 declaration under FEMA?
(Name), hereby declare that the total amount of foreign exchange purchased from or remitted through, all sources in India during the financial year including this application is within the overall limit of the Liberalised Remittance Scheme prescribed by the Reserve Bank of India and signNow that the source of funds for ... -
What is the A2 form of RBI?
What is a 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 the purpose of the form A2?
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 documents required for foreign inward remittance?
A FIRC is a document that serves as proof of inward remittances to India. Thus, when Indian exporters receive payment in foreign currency, the FIRC document will act as proof of the transfer. It's like a receipt of proof for exporters or businesses that they have received a transfer from outside India. -
What is A1 and A2 payment?
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) -
What is FEMA declaration?
The Customer hereby declares that any transaction involving foreign exchange hereunder will not involve, and will not be designed for the purpose of any contravention or evasion of the provisions of the Foreign Exchange Management Act, 1999 or any rule, regulation, notification, direction or order made thereunder. -
What is A2 in banking?
(for payments other than imports and remittances covering intermediary trade) Application for Remittance Abroad. -
How to fill A2 form online?
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.
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