SBI Form A 2 - Application for Remittance Abroad

SBI Form A 2 – Application for Remittance Abroad (Import of services)

Form A2 is a standard application and declaration form used for requesting the remittance of foreign exchange abroad for purposes other than the import of goods or intermediary trade.

1. Core Remittance Details

The applicant must provide their name, address, and PAN (Permanent Account Number).
The form authorizes an Authorized Dealer (AD) branch to debit the applicant’s Savings, Current, RFC, or EEFC account.
Applicants can choose the method of remittance, including issuing a draft, direct foreign exchange transfer, issuing travelers’ cheques, or issuing foreign currency notes.
Beneficiary information, including name, bank address, and account number, is required for direct transfers.

2. Regulatory and Purpose Classification

The remitter must specify a Purpose Code and description to categorize the nature of the payment.
If the remittance is for the import of services (covering specific purpose groups like transport, travel, or financial services), the applicant must name the country providing the ultimate services.
Residents must explicitly indicate if the remittance is being made under the Liberalised Remittance Scheme (LRS).

3. Declarations under FEMA 1999

The applicant must declare that the total amount remitted from all sources in India during the financial year complies with extant FEMA Regulations.
The remitter certifies that the source of funds belongs to them and that the foreign exchange will not be used for prohibited purposes.
A table is provided to list all prior remittances made under the LRS during the current financial year (April–March).

4. Bank Certification

The Authorized Dealer must certify that the remittance is not being made to or by ineligible entities.
The bank confirms that the transaction conforms to the instructions issued by the Reserve Bank of India (RBI).
The form requires the signature, designation, and official stamp of the authorized bank official.