Bank of Maharashtra Application for drawal of foreign exchange (Form A2) Form Download

Bank of Maharashtra Application for drawal of foreign exchange (Form A2) Form Download

Based on the provided document, Form A2 is the standard Application-cum-Declaration form used by the Bank of Maharashtra for individuals and entities requesting the purchase or outward remittance of foreign exchange (279f81f6-3… p. 1). It is structured to ensure absolute compliance with the rules set by the Foreign Exchange Management Act (FEMA), 1999 (279f81f6-3… p. 1).

The key structural and compliance features of Form A2 include:

To initiate a foreign exchange transaction, the applicant must completely fill out the following segments:

• Applicant Demographics: Full legal name, physical address, and the primary holding account number (279f81f6-3… p. 1).
• Foreign Exchange Parameters: The exact amount required, specified currency type, and the precise purpose of the transaction (279f81f6-3… p. 1).

The form authorizes the bank to debit the applicant’s Savings, Current, RFC, or EEFC account for the required amount plus transaction charges (279f81f6-3… p. 1). The foreign exchange can be issued through four distinct channels:

• Foreign Demand Draft: Made out to a specific beneficiary name and address (279f81f6-3… p. 1).
• Direct Remittance / Wire Transfer: Sent directly to the beneficiary’s overseas account number, banking entity, and bank address (279f81f6-3… p. 1).
• Travellers Cheques: Issued for a specified value (279f81f6-3… p. 1).
• Foreign Currency Notes: Issued as physical cash for travel or personal needs (279f81f6-3… p. 1).

The applicant must sign a formal legal declaration affirming that:

• The total amount of foreign exchange purchased or remitted from all sources across India during the calendar year (including the current application) remains within the strict annual limits prescribed by the Reserve Bank of India (RBI) (279f81f6-3… p. 1).
• The funds purchased from the bank will be utilized solely for the specific purpose stated in the application (279f81f6-3… p. 1).

The reverse side of the form features a highly systematized list of Purpose Codes (279f81f6-3… pp. 1-2). Bank officials (Authorised Dealers) must check and tick the appropriate code corresponding to the transaction (279f81f6-3… p. 2). The core categories include:

• Capital Account Transactions (00): Codes S0001 to S0018 covering Indian direct investments abroad (equity, debt, real estate), repatriation of foreign investments, and loan repayments to non-residents (279f81f6-3… p. 2).
• Transportation & Travel (02 & 03): Covering freight charges, airline operating expenses, business trips (S0301), basic travel quota (S0302), medical treatment (S0304), and overseas education fees/hostel expenses (S0305) (279f81f6-3… p. 2).
• Business & Service Fees (04 to 10): Covering telecommunications, project construction, reinsurance premiums, banking commissions, software implementation (S0802), legal services (S1004), and office maintenance abroad (S1011) (279f81f6-3… p. 2).
• Personal Transfers & Income (13 & 14): Covering cross-border remittances for family maintenance (S1301), personal gifts/donations (S1302), employee compensation (S1401), and repatriation of dividends or profits (279f81f6-3… p. 2).

Download PDF Click here

Read more

Bank of Maharashtra Model Supplementary Safe Deposit Locker Agreement Form Download

Bank of Maharashtra Model New Safe Deposit Locker Agreement (Revised) Form Download

Bank of Maharashtra Self-Declaration Form for Periodic Updation of KYC Form Download

Bank of Maharashtra Offer to Switch over to MCLR Form Download

Bank of Maharashtra Checklist and application form for deceased claim Form Download

Bank of Maharashtra FORM DA1-Nomination Form Form Download

for more refer Bank of Maharashtra  website Click here

for more refer YouTube Subscribe website click here