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How do I fill this out?

Start by filling in your personal details and the beneficiary’s information. Next, select the purpose of remittance from the provided codes. Ensure all sections are accurately completed before submitting the form.

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How to fill out the FORM A2 Application for Remittance Abroad?

  1. 1

    Fill in personal details and beneficiary information.

  2. 2

    Select the purpose of remittance using the provided codes.

  3. 3

    Specify the currency and amount in words.

  4. 4

    Declare the purpose of acquiring or making the payment.

  5. 5

    Submit the form with required signatures.

Who needs the FORM A2 Application for Remittance Abroad?

  1. 1

    Residents investing in shares or debt securities abroad need this form.

  2. 2

    Individuals repatriating foreign investment require this form.

  3. 3

    Businesses remitting funds for loans to non-residents will use this form.

  4. 4

    Travelers requiring foreign exchange for travel purposes need this form.

  5. 5

    Insurance and service providers remitting payments abroad will need this form.

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What are the instructions for submitting this form?

To submit Form A2, send the completed form to your authorized dealer's designated address. Include supporting documents and evidence for the payment. Submit via email, fax, or postal mail as per the instructions provided by your authorized dealer. For online submission, use the link or platform specified by your dealer. Double-check all information and ensure the form is signed before submission.

What are the important dates for this form in 2024 and 2025?

Important dates for submitting Form A2 in 2024 and 2025 include April 15, July 31, October 15, and January 15, coinciding with quarterly financial deadlines.

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What is the purpose of this form?

Form A2 is essential for residents seeking to make payments abroad for various purposes outside of imports. This form ensures compliance with exchange control regulations and provides a mechanism for authorized dealers to process and verify international remittances. By declaring the purpose of the remittance and providing detailed information, applicants can facilitate the transfer of funds for investments, loans, travel, and other services.

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Tell me about this form and its components and fields line-by-line.

Form A2 contains several sections that require specific information to be filled out by the applicant.
fields
  • 1. AD Code No.: Authorization code given by the Authorized Dealer.
  • 2. Form No.: Unique identifier for the form provided by the Authorized Dealer.
  • 3. Serial No.: Serial number for use by the Reserve Bank of India.
  • 4. Currency: The currency in which the remittance is to be made.
  • 5. Equivalent to Rs.: The amount of remittance in Indian Rupees.
  • 6. Amount: Total amount to be remitted in both words and figures.
  • 7. Name and address of Authorised Dealer: Details of the dealer processing the remittance.
  • 8. Name and address of the beneficiary: Details of the recipient of the remittance.
  • 9. Remitter’s declaration: Statement by the remitter regarding the purpose and truthfulness of the information.
  • 10. Remitter’s signature: Signature of the applicant or authorized official.
  • 11. Date: Date when the form is signed.

What happens if I fail to submit this form?

Failure to submit this form may result in non-compliance with exchange control regulations.

  • Legal Penalties: Non-compliance may lead to legal actions and penalties.
  • Delayed Transactions: Failure to submit the form may result in delays in processing the remittance.
  • Rejection of Application: The remittance application may be rejected if the form is not submitted.

How do I know when to use this form?

Use this form when making any remittances abroad for purposes other than imports.
fields
  • 1. Investment Abroad: For residents making investments in shares, debt securities, or real estate abroad.
  • 2. Travel: For acquiring foreign exchange for medical, educational, business, or personal travel.
  • 3. Loans to Non-Residents: For residents providing loans to non-residents.
  • 4. Insurance Payments: For remittances related to life, general, or reinsurance premiums.
  • 5. Other Services: For other services like consultancy, subscription, or professional fees.

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FORM A2 Application for Remittance Abroad

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